Zacks Investment Research Upgrades Nomura Holdings Inc. (NMR) to Buy
Nomura Holdings Inc. (NYSE:NMR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The firm currently has a $5.00 price objective on the stock. Zacks Investment Research’s price objective would indicate a potential upside of 12.11% from the stock’s previous close.
According to Zacks, “NOMURA HLDG-ADR is a leading financial services group in Japan and has worldwide operations, providing a wide range of value-added financial services and competitive products. These include brokerage, trading, underwriting, M&A financial advisory services, merchant banking, and development and management of investment trusts and investment advisory services to diversified clients such as individuals, corporations, financial institutions, governments and governmental agencies. “
NMR has been the topic of a number of other research reports. Morgan Stanley cut shares of Nomura Holdings from an “overweight” rating to an “equal” rating in a report on Friday, July 8th. Jefferies Group raised shares of Nomura Holdings from an “underperform” rating to a “hold” rating in a research note on Thursday, September 1st. JPMorgan Chase & Co. initiated coverage on shares of Nomura Holdings in a research note on Friday, July 29th. They set a “neutral” rating on the stock. TheStreet cut shares of Nomura Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, August 10th. Finally, Daiwa Capital Markets cut shares of Nomura Holdings from an “outperform” rating to a “neutral” rating in a research note on Monday, June 27th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Nomura Holdings currently has an average rating of “Hold” and an average target price of $5.00.
Nomura Holdings (NYSE:NMR) opened at 4.46 on Thursday. Nomura Holdings has a 52 week low of $3.33 and a 52 week high of $6.63. The stock has a market cap of $16.00 billion, a P/E ratio of 15.43 and a beta of 1.83. The company’s 50 day moving average is $4.49 and its 200 day moving average is $4.26.
Nomura Holdings (NYSE:NMR) last released its quarterly earnings data on Thursday, July 28th. The company reported $12.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $5.80 by $6.91. Nomura Holdings had a net margin of 7.05% and a return on equity of 4.01%. The business had revenue of $418.41 billion for the quarter, compared to analysts’ expectations of $300.50 billion. During the same quarter last year, the company earned $19.11 EPS. The company’s revenue for the quarter was down 17.7% compared to the same quarter last year. Equities analysts predict that Nomura Holdings will post $0.24 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the company. Stifel Financial Corp boosted its position in shares of Nomura Holdings by 0.3% in the second quarter. Stifel Financial Corp now owns 56,750 shares of the company’s stock valued at $199,000 after buying an additional 180 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Nomura Holdings by 19.2% in the first quarter. Geode Capital Management LLC now owns 27,636 shares of the company’s stock valued at $122,000 after buying an additional 4,449 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in shares of Nomura Holdings by 16.8% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 31,398 shares of the company’s stock valued at $110,000 after buying an additional 4,515 shares in the last quarter. Wetherby Asset Management Inc. boosted its position in shares of Nomura Holdings by 8.1% in the second quarter. Wetherby Asset Management Inc. now owns 77,352 shares of the company’s stock valued at $272,000 after buying an additional 5,829 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Nomura Holdings by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,157,251 shares of the company’s stock valued at $4,062,000 after buying an additional 13,800 shares in the last quarter. 0.53% of the stock is currently owned by institutional investors.
Nomura Holdings Company Profile
Nomura Holdings, Inc (Nomura) is a financial services company. The Company, through its broker-dealer, banking and other financial services subsidiaries, provide investment, financing and related services to individual, institutional and government clients across the world. The Company’s segments include Retail, Asset Management and Wholesale.
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