Nomura Holdings Inc ADR (NYSE:NMR) Stock Has Average Price Target of $10.20 According to Brokerages

Shares of Nomura Holdings Inc ADR (NYSE:NMR) have earned a consensus rating of “Buy” from the five ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $10.20.

A number of analysts recently issued reports on NMR shares. Zacks Research raised Nomura from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Nomura raised Nomura to a “buy” rating and set a $10.20 target price for the company in a report on Thursday, June 25th. Wall Street Zen cut Nomura from a “buy” rating to a “hold” rating in a research report on Saturday. Bank of America upgraded Nomura from a “neutral” rating to a “buy” rating and set a $10.20 price target on the stock in a research report on Thursday, June 25th. 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 Trading Up 3.0%

Shares of NMR stock opened at $10.06 on Friday. The stock has a market capitalization of $29.53 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 1.14 and a beta of 0.70. The company’s fifty day simple moving average is $10.01 and its two-hundred day simple moving average is $8.95. Nomura has a 1 year low of $6.71 and a 1 year high of $10.94. 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 posted its quarterly earnings results on Tuesday, June 30th. The financial services provider reported $0.30 EPS for the quarter. The firm had revenue of $4.19 billion during the quarter. Nomura had a return on equity of 10.42% and a net margin of 8.09%. As a group, analysts anticipate that Nomura will post 0.98 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NMR. QRG Capital Management Inc. raised its position in shares of Nomura by 5.4% in the second quarter. QRG Capital Management Inc. now owns 75,981 shares of the financial services provider’s stock worth $667,000 after buying an additional 3,910 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Nomura by 36.1% during the second quarter. Envestnet Asset Management Inc. now owns 103,248 shares of the financial services provider’s stock worth $907,000 after buying an additional 27,367 shares in the last quarter. WINTON GROUP Ltd bought a new position in Nomura in the 2nd quarter worth about $361,000. Engineers Gate Manager LP bought a new position in Nomura in the 2nd quarter worth about $116,000. Finally, NewEdge Advisors LLC raised its holdings in shares of Nomura by 11,598.7% in the 2nd quarter. NewEdge Advisors LLC now owns 18,367 shares of the financial services provider’s stock valued at $161,000 after acquiring an additional 18,210 shares in the last quarter. Institutional investors own 15.14% of the company’s stock.

About Nomura

Nomura Holdings, Inc is a Japan-based financial services group and the parent company of Nomura Securities Co, Ltd. Its businesses serve individual investors, corporations, financial institutions, governments and other organizations through a range of investment and advisory services.

The company operates through three primary areas: retail, which provides wealth management, investment products and financial advice; investment management, which offers asset management and investment advisory services; and wholesale, which includes investment banking, equity and fixed-income sales and trading, research, and related capital-markets services.