Nintendo (OTCMKTS:NTDOY) Upgraded by Zacks Research to Strong-Buy Rating

Nintendo (OTCMKTS:NTDOY) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other analysts have also commented on the company. Wolfe Research raised Nintendo from an “underperform” rating to a “peer perform” rating in a report on Thursday, January 22nd. Freedom Capital upgraded Nintendo from a “hold” rating to a “strong-buy” rating in a report on Monday, December 22nd. Three research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Nintendo Stock Up 1.7%

Shares of OTCMKTS:NTDOY opened at $17.18 on Monday. Nintendo has a twelve month low of $15.25 and a twelve month high of $24.92. The stock’s 50 day moving average is $18.04 and its 200-day moving average is $20.69. The firm has a market capitalization of $89.25 billion, a price-to-earnings ratio of 32.42 and a beta of 0.58.

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

Institutional Investors Weigh In On Nintendo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Impala Asset Management LLC purchased a new stake in Nintendo during the 2nd quarter worth about $1,720,000. PNC Financial Services Group Inc. grew its holdings in Nintendo by 13.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 6,040 shares of the company’s stock worth $145,000 after acquiring an additional 724 shares during the last quarter. First Horizon Advisors Inc. increased its stake in shares of Nintendo by 34.9% during 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. Confluence Investment Management LLC grew its holdings in shares of Nintendo by 4.0% during the 4th quarter. Confluence Investment Management LLC now owns 67,829 shares of the company’s stock worth $1,144,000 after acquiring an additional 2,628 shares during the period. Finally, Dorsey Wright & Associates purchased a new position in Nintendo during the third quarter valued at $1,562,000. 0.02% of the stock is currently owned by institutional investors.

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.