Nomura Holdings Inc ADR (NYSE:NMR) Given Average Recommendation of “Buy” by Brokerages

Shares of Nomura Holdings Inc ADR (NYSE:NMR) have received an average rating of “Buy” from the five analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $10.20.

NMR has been the topic of a number of recent analyst reports. Zacks Research raised shares of Nomura from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Wall Street Zen upgraded Nomura from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Bank of America raised Nomura from a “neutral” rating to a “buy” rating and set a $10.20 target price on the stock in a report on Thursday, June 25th. Weiss Ratings upgraded shares of Nomura from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 17th. Finally, Nomura upgraded shares of Nomura to a “buy” rating and set a $10.20 target price on the stock in a research report on Thursday, June 25th.

Nomura Stock Performance

Nomura stock opened at $9.96 on Friday. The firm has a 50 day simple moving average of $9.21 and a 200-day simple moving average of $8.67. The stock has a market cap of $29.23 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 1.08 and a beta of 0.69. The company has a debt-to-equity ratio of 8.06, a current ratio of 2.00 and a quick ratio of 2.00. Nomura has a 1-year low of $6.71 and a 1-year high of $10.06.

Nomura (NYSE:NMR) last released its quarterly earnings results on Tuesday, June 30th. The financial services provider reported $0.30 EPS for the quarter. Nomura had a net margin of 8.09% and a return on equity of 10.42%. The firm had revenue of $4.19 billion for the quarter. On average, analysts expect that Nomura will post 0.93 EPS for the current year.

Hedge Funds Weigh In On Nomura

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Fisher Asset Management LLC raised its stake in shares of Nomura by 32.4% during the 4th quarter. Fisher Asset Management LLC now owns 13,151,514 shares of the financial services provider’s stock worth $110,341,000 after buying an additional 3,221,008 shares in the last quarter. Donald Smith & CO. Inc. increased its holdings in Nomura by 2.2% during the 4th quarter. Donald Smith & CO. Inc. now owns 12,695,534 shares of the financial services provider’s stock valued at $106,516,000 after acquiring an additional 274,787 shares in the last quarter. Morgan Stanley raised its position in shares of Nomura by 7.0% during the 4th quarter. Morgan Stanley now owns 9,815,360 shares of the financial services provider’s stock worth $82,351,000 after purchasing an additional 638,424 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Nomura by 3.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,229,415 shares of the financial services provider’s stock worth $43,875,000 after buying an additional 175,201 shares in the last quarter. Finally, Quantinno Capital Management LP raised its holdings in shares of Nomura by 18.4% in the first quarter. Quantinno Capital Management LP now owns 2,547,208 shares of the financial services provider’s stock worth $20,097,000 after acquiring an additional 395,656 shares during the last quarter. 15.14% of the stock is currently owned by hedge funds and other institutional investors.

About Nomura

Nomura Holdings, Inc is a global financial services group headquartered in Tokyo, Japan, with origins dating back to 1925 when Tokushichi Nomura II established the firm as a securities business. Over the decades Nomura has grown from a domestic securities house into a multinational financial services firm by expanding its product offerings and international footprint. The company is publicly listed and operates through a network of subsidiaries and branches to serve a broad client base.

Nomura’s principal businesses encompass retail brokerage, wholesale (investment banking and global markets), and asset management.