Zacks Investment Research upgraded shares of Nomura (NYSE:NMR) from a sell rating to a hold rating in a report released on Saturday morning, Zacks.com reports.

According to Zacks, “NOMURA HLDG-ADR is a leading financial services group in Japan and has worldwide operations, providing a wide range of value-added financial services and competitive products. These include brokerage, trading, underwriting, M&A financial advisory services, merchant banking, and development and management of investment trusts and investment advisory services to diversified clients such as individuals, corporations, financial institutions, governments and governmental agencies. “

Several other equities research analysts also recently weighed in on NMR. JPMorgan Chase & Co. raised Nomura from an underweight rating to a neutral rating in a report on Wednesday, July 31st. Citigroup downgraded Nomura from a neutral rating to a sell rating in a report on Thursday, May 16th. Nomura raised Nomura from an underweight rating to a neutral rating in a report on Wednesday, July 31st. Finally, ValuEngine downgraded Nomura from a sell rating to a strong sell rating in a report on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock currently has a consensus rating of Hold.

NMR stock opened at $3.52 on Friday. The company has a debt-to-equity ratio of 5.90, a current ratio of 0.98 and a quick ratio of 1.10. The company has a 50 day moving average price of $3.48. Nomura has a twelve month low of $3.05 and a twelve month high of $5.05. The firm has a market capitalization of $11.97 billion, a P/E ratio of -13.04 and a beta of 1.47.

Nomura (NYSE:NMR) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.15 earnings per share for the quarter. Nomura had a negative return on equity of 1.74% and a negative net margin of 2.78%. The firm had revenue of $4.65 billion during the quarter. On average, equities research analysts expect that Nomura will post 0.34 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Two Sigma Advisers LP acquired a new stake in shares of Nomura during the fourth quarter worth $59,000. Mercer Global Advisors Inc. ADV acquired a new stake in Nomura in the first quarter valued at $355,000. Quadrant Capital Group LLC lifted its holdings in Nomura by 75.2% in the first quarter. Quadrant Capital Group LLC now owns 121,332 shares of the financial services provider’s stock valued at $426,000 after acquiring an additional 52,097 shares during the period. CAPROCK Group Inc. lifted its holdings in Nomura by 121.8% in the first quarter. CAPROCK Group Inc. now owns 37,982 shares of the financial services provider’s stock valued at $136,000 after acquiring an additional 20,859 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in Nomura by 102.3% in the first quarter. Parallel Advisors LLC now owns 9,996 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 5,056 shares during the period. 0.57% of the stock is owned by hedge funds and other institutional investors.

About Nomura

Nomura Holdings, Inc provides various financial services to individuals, corporations, financial institutions, governments, and governmental agencies worldwide. It operates through three segments: Retail, Asset Management, and Wholesale. The Retail segment offers various financial products and investment services for individuals and corporations.

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