Nomura Holdings Inc ADR (NYSE:NMR) Receives $10.20 Average PT from Brokerages

Nomura Holdings Inc ADR (NYSE:NMR) has received a consensus recommendation of “Buy” from the five ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $10.20.

Several research firms have recently weighed in on NMR. Bank of America raised shares of Nomura from a “neutral” rating to a “buy” rating and set a $10.20 price target on the stock in a research note on Thursday, June 25th. Wall Street Zen upgraded shares of Nomura from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Weiss Ratings raised shares of Nomura from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 17th. Nomura upgraded Nomura to a “buy” rating and set a $10.20 target price on the stock in a report on Thursday, June 25th. Finally, Zacks Research upgraded Nomura from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th.

Nomura Stock Up 1.9%

Shares of NMR opened at $9.93 on Friday. The stock has a 50 day moving average price of $9.14 and a 200 day moving average price of $8.66. Nomura has a one year low of $6.71 and a one year high of $10.06. The company has a debt-to-equity ratio of 8.06, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a market capitalization of $29.12 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 1.06 and a beta of 0.69.

Nomura (NYSE:NMR) last announced its quarterly earnings data on Tuesday, June 30th. The financial services provider reported $0.30 earnings per share for the quarter. Nomura had a return on equity of 10.42% and a net margin of 8.09%.The company had revenue of $4.19 billion for the quarter. Equities research analysts forecast that Nomura will post 0.93 earnings per share for the current fiscal year.

Institutional Trading of Nomura

Several large investors have recently added to or reduced their stakes in NMR. V Square Quantitative Management LLC acquired a new position in shares of Nomura during the 4th quarter valued at about $25,000. Allworth Financial LP raised its stake in Nomura by 90.7% during the fourth quarter. Allworth Financial LP now owns 3,042 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 1,447 shares during the period. Eastern Bank purchased a new position in Nomura during the second quarter worth about $31,000. Farther Finance Advisors LLC boosted its holdings in Nomura by 101.2% in the 4th quarter. Farther Finance Advisors LLC now owns 5,001 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 2,515 shares during the last quarter. Finally, Osaic Holdings Inc. grew its stake in shares of Nomura by 1,019.0% in the 2nd quarter. Osaic Holdings Inc. now owns 6,434 shares of the financial services provider’s stock valued at $42,000 after buying an additional 5,859 shares during the period. 15.14% of the stock is currently owned by hedge funds and other institutional investors.

About Nomura

Nomura Holdings, Inc is a global financial services group headquartered in Tokyo, Japan, with origins dating back to 1925 when Tokushichi Nomura II established the firm as a securities business. Over the decades Nomura has grown from a domestic securities house into a multinational financial services firm by expanding its product offerings and international footprint. The company is publicly listed and operates through a network of subsidiaries and branches to serve a broad client base.

Nomura’s principal businesses encompass retail brokerage, wholesale (investment banking and global markets), and asset management.