Nomura Holdings Inc ADR (NYSE:NMR) Given Consensus Rating of “Buy” by Analysts

Nomura Holdings Inc ADR (NYSE:NMR) has received a consensus rating of “Buy” from the five analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $10.20.

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

Nomura Stock Down 0.1%

Shares of NYSE:NMR opened at $10.17 on Wednesday. Nomura has a 1 year low of $6.71 and a 1 year high of $10.36. The company has a market capitalization of $29.84 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 1.10 and a beta of 0.69. The business has a fifty day moving average price of $9.62 and a two-hundred day moving average price of $8.77. 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 (NYSE:NMR) last released its earnings results on Tuesday, June 30th. The financial services provider reported $0.30 EPS for the quarter. The company had revenue of $4.19 billion for the quarter. Nomura had a return on equity of 10.42% and a net margin of 8.09%. Analysts forecast that Nomura will post 0.93 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC lifted its holdings in Nomura by 27.0% during the first quarter. Renaissance Technologies LLC now owns 2,312,237 shares of the financial services provider’s stock valued at $18,244,000 after purchasing an additional 491,400 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Nomura by 236.2% in the first quarter. Sequoia Financial Advisors LLC now owns 166,873 shares of the financial services provider’s stock worth $1,317,000 after purchasing an additional 117,233 shares in the last quarter. Quantinno Capital Management LP increased its stake 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 purchasing an additional 395,656 shares in the last quarter. Vise Technologies Inc. raised its position in shares of Nomura by 227.7% in the second quarter. Vise Technologies Inc. now owns 153,947 shares of the financial services provider’s stock valued at $1,352,000 after purchasing an additional 106,974 shares during the period. Finally, Hennion & Walsh Asset Management Inc. raised its position in shares of Nomura by 94.9% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 109,995 shares of the financial services provider’s stock valued at $966,000 after purchasing an additional 53,554 shares during the period. Hedge funds and other institutional investors own 15.14% of the company’s stock.

Nomura Company Profile

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.