Nintendo Co. (OTCMKTS:NTDOY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Nintendo Co. (OTCMKTS:NTDOY) has been given an average recommendation of “Moderate Buy” by the six research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and two have given a strong buy rating to the company.

Several equities analysts have recently issued reports on NTDOY shares. Wolfe Research lowered Nintendo from a “peer perform” rating to an “underperform” rating in a report on Wednesday, November 5th. Freedom Capital upgraded Nintendo from a “hold” rating to a “strong-buy” rating in a research note on Monday. Finally, Wedbush cut Nintendo from an “outperform” rating to a “neutral” rating in a research note on Wednesday, September 17th.

Nintendo Price Performance

OTCMKTS NTDOY opened at $16.70 on Wednesday. The company has a fifty day moving average price of $20.51 and a 200-day moving average price of $21.66. The firm has a market cap of $86.75 billion, a price-to-earnings ratio of 31.51 and a beta of 0.59. Nintendo has a 1 year low of $13.94 and a 1 year high of $24.92.

Nintendo (OTCMKTS:NTDOY) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.07. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $464.35 billion. Nintendo had a net margin of 21.10% and a return on equity of 12.26%. On average, research analysts anticipate that Nintendo will post 0.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Nintendo

Several large investors have recently modified their holdings of NTDOY. Salomon & Ludwin LLC lifted its stake in Nintendo by 76.1% in the third quarter. Salomon & Ludwin LLC now owns 1,872 shares of the company’s stock valued at $40,000 after purchasing an additional 809 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of Nintendo by 34.9% in the second quarter. First Horizon Advisors Inc. now owns 2,462 shares of the company’s stock valued at $59,000 after buying an additional 637 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Nintendo by 13.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,040 shares of the company’s stock valued at $145,000 after buying an additional 724 shares during the last quarter. Diversified Trust Co grew its stake in shares of Nintendo by 18.6% during the 3rd quarter. Diversified Trust Co now owns 11,980 shares of the company’s stock worth $260,000 after acquiring an additional 1,882 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Nintendo by 27.0% in the 2nd quarter. GAMMA Investing LLC now owns 20,400 shares of the company’s stock worth $490,000 after acquiring an additional 4,338 shares during the last quarter. Hedge funds and other institutional investors own 0.02% of the company’s stock.

About Nintendo

Nintendo Co, Ltd., headquartered in Kyoto, Japan, is a global entertainment company best known for designing, manufacturing and marketing video game hardware and software. Founded in 1889 as a playing-card company, Nintendo transitioned into electronic entertainment in the latter half of the 20th century and has since become one of the most recognizable names in interactive entertainment. The company serves markets worldwide, with major operations and customer bases in Japan, North America and Europe, and it maintains a presence through regional subsidiaries, distribution partners and digital storefronts.

Nintendo’s business spans console and handheld hardware, first-party software titles, digital services and licensing.