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

Shares of Nomura Holdings Inc ADR (NYSE:NMR) have received an average rating of “Buy” from the six research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $10.20.

NMR has been the subject of several research reports. Wall Street Zen downgraded Nomura from a “buy” rating to a “hold” rating in a report on Saturday, October 31st. Zacks Research upgraded shares of Nomura from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Finally, Weiss Ratings lowered shares of Nomura from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 23rd.

Nomura Trading Up 2.1%

NYSE NMR opened at $9.71 on Monday. Nomura has a 12 month low of $6.88 and a 12 month high of $10.94. The company has a market cap of $28.47 billion, a PE ratio of 11.06, a PEG ratio of 1.06 and a beta of 0.81. The stock has a 50 day moving average of $9.77 and a 200-day moving average of $9.04. The company has a current ratio of 1.07, a quick ratio of 2.00 and a debt-to-equity ratio of 7.79.

Nomura (NYSE:NMR) last announced its quarterly earnings results on Thursday, October 29th. The financial services provider reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. The firm had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $4.12 billion. Nomura had a return on equity of 10.51% and a net margin of 8.06%. On average, equities research analysts anticipate that Nomura will post 0.99 EPS for the current fiscal year.

Institutional Trading of Nomura

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Trust Point Inc. boosted its holdings in shares of Nomura by 7.0% during the second quarter. Trust Point Inc. now owns 17,495 shares of the financial services provider’s stock worth $154,000 after acquiring an additional 1,140 shares during the period. Allworth Financial LP grew its position in shares of Nomura by 16.8% in the third quarter. Allworth Financial LP now owns 9,187 shares of the financial services provider’s stock valued at $90,000 after purchasing an additional 1,323 shares during the last quarter. Keybank National Association OH increased its stake in shares of Nomura by 2.8% during the third quarter. Keybank National Association OH now owns 56,454 shares of the financial services provider’s stock worth $552,000 after purchasing an additional 1,560 shares during the period. Optas LLC increased its stake in shares of Nomura by 3.8% during the third quarter. Optas LLC now owns 48,761 shares of the financial services provider’s stock worth $477,000 after purchasing an additional 1,783 shares during the period. Finally, Parallel Advisors LLC increased its stake in shares of Nomura by 6.1% during the third quarter. Parallel Advisors LLC now owns 31,651 shares of the financial services provider’s stock worth $310,000 after purchasing an additional 1,824 shares during the period. Institutional investors own 15.14% of the company’s stock.

Nomura Company Profile

Nomura Holdings, Inc. is a Japan-based financial services group headquartered in Tokyo. Its roots date to 1925, when the securities business of Osaka Nomura Bank was established; the group has since grown into an international provider of financial services. Nomura’s main businesses include wealth management, asset management and wholesale services. It serves individual clients with investment products and advice, manages investment funds for individuals and institutions, and provides institutional clients with global markets services and investment banking capabilities, including trading, financing and advisory services.