Nomura Holdings Inc ADR (NYSE:NMR) Stock Now Rated “Buy” by Wall Street Brokerages

Shares of Nomura Holdings Inc ADR (NYSE:NMR) have been given a consensus rating of “Buy” by the five analysts that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a buy recommendation and one has assigned 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.

Several research firms have recently issued reports on NMR. Wall Street Zen upgraded shares of Nomura from a “hold” rating to a “buy” rating in a report on Sunday, October 4th. Bank of America upgraded shares of Nomura from a “neutral” rating to a “buy” rating and set a $10.20 target price for the company in a research note on Thursday, June 25th. Weiss Ratings upgraded shares of Nomura from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Zacks Research raised Nomura from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Finally, Nomura raised Nomura to a “buy” rating and set a $10.20 target price on the stock in a research report on Thursday, June 25th.

Institutional Trading of Nomura

Hedge funds have recently modified their holdings of the company. Quadrant Capital Group LLC lifted its position in Nomura by 1.9% in the third quarter. Quadrant Capital Group LLC now owns 293,827 shares of the financial services provider’s stock worth $2,815,000 after purchasing an additional 5,389 shares during the period. 55 North Private Wealth LLC increased its holdings in Nomura by 19.7% in the 3rd quarter. 55 North Private Wealth LLC now owns 27,314 shares of the financial services provider’s stock valued at $267,000 after buying an additional 4,491 shares during the period. Prime Capital Investment Advisors LLC bought a new stake in Nomura in the 3rd quarter valued at $99,000. Tanager Wealth Management LLP bought a new stake in Nomura in the 3rd quarter valued at $98,000. Finally, Mather Group LLC. raised its stake in shares of Nomura by 17,760.0% in the 3rd quarter. Mather Group LLC. now owns 4,465 shares of the financial services provider’s stock valued at $44,000 after buying an additional 4,440 shares in the last quarter. Institutional investors own 15.14% of the company’s stock.

Nomura Price Performance

NYSE:NMR opened at $9.21 on Thursday. The stock has a market cap of $27.01 billion, a P/E ratio of 10.62, a PEG ratio of 1.03 and a beta of 0.74. Nomura has a one year low of $6.88 and a one year high of $10.94. The company has a fifty day moving average price of $9.94 and a 200 day moving average price of $9.19. 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 issued its quarterly earnings results on Tuesday, June 30th. The financial services provider reported $0.30 earnings per share for the quarter. The firm had revenue of $4.19 billion during the quarter. Nomura had a net margin of 8.09% and a return on equity of 10.42%. Analysts anticipate that Nomura will post 0.98 earnings per share for the current year.

About Nomura

Nomura Holdings, Inc is a Japan-based financial services group that provides investment, financing, and asset management services to individuals, corporations, financial institutions, and governments. Through its businesses, the company offers securities brokerage, investment banking, capital markets, research, advisory services, wealth management, and investment management.

Nomura’s principal operations are organized around its wealth management, investment management, and wholesale divisions.