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

Nomura Holdings Inc ADR (NYSE:NMR) has been assigned an average recommendation of “Buy” from the five brokerages that are covering the company, Marketbeat.com reports. One 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 target among analysts that have updated their coverage on the stock in the last year is $10.20.

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

Nomura Stock Up 1.7%

Nomura stock opened at $10.29 on Wednesday. The firm has a market cap of $30.19 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 1.10 and a beta of 0.69. The stock has a fifty day simple moving average of $9.57 and a two-hundred day simple moving average of $8.76. Nomura has a 12 month low of $6.71 and a 12 month high of $10.36. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 8.06.

Nomura (NYSE:NMR) last posted its quarterly earnings results on Tuesday, June 30th. The financial services provider reported $0.30 earnings per share 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%. Equities analysts predict that Nomura will post 0.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Nomura

Several institutional investors and hedge funds have recently added to or reduced their stakes in NMR. Allworth Financial LP raised its stake in Nomura by 90.7% during the 4th quarter. Allworth Financial LP now owns 3,042 shares of the financial services provider’s stock valued at $26,000 after buying an additional 1,447 shares during the last quarter. Eastern Bank purchased a new position in shares of Nomura in the 2nd quarter worth $31,000. Farther Finance Advisors LLC boosted its stake in shares of Nomura by 101.2% in the 4th quarter. Farther Finance Advisors LLC now owns 5,001 shares of the financial services provider’s stock worth $42,000 after buying an additional 2,515 shares during the last quarter. Osaic Holdings Inc. boosted 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 worth $42,000 after buying an additional 5,859 shares during the last quarter. Finally, V Square Quantitative Management LLC grew its holdings in shares of Nomura by 108.2% in the first quarter. V Square Quantitative Management LLC now owns 6,118 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 3,179 shares during the period. Hedge funds and other institutional investors own 15.14% of the company’s stock.

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.