Nomura (NYSE:NMR) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Nomura (NYSE:NMR) from a hold rating to a buy rating in a report issued on Saturday.

Several other research analysts also recently weighed in on NMR. Zacks Research upgraded Nomura from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Weiss Ratings raised Nomura from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 17th. Bank of America upgraded Nomura from a “neutral” rating to a “buy” rating and set a $10.20 price objective on the stock in a report on Thursday, June 25th. Finally, Nomura raised Nomura to a “buy” rating and set a $10.20 price objective for the company in a research report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $10.20.

Nomura Stock Performance

Shares of NYSE NMR opened at $9.68 on Friday. The company has a 50-day simple moving average of $9.04 and a 200-day simple moving average of $8.65. The company has a debt-to-equity ratio of 8.06, a current ratio of 2.00 and a quick ratio of 1.08. The company has a market cap of $28.38 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 1.05 and a beta of 0.69. Nomura has a 12 month low of $6.59 and a 12 month high of $10.06.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of NMR. Paladin Wealth LLC raised its stake in shares of Nomura by 17.8% in the 2nd quarter. Paladin Wealth LLC now owns 14,873 shares of the financial services provider’s stock valued at $131,000 after acquiring an additional 2,244 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in Nomura by 94.9% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 109,995 shares of the financial services provider’s stock worth $966,000 after purchasing an additional 53,554 shares during the period. Gradient Investments LLC boosted its position in Nomura by 7.4% during the 2nd quarter. Gradient Investments LLC now owns 638,711 shares of the financial services provider’s stock worth $5,608,000 after purchasing an additional 43,849 shares during the period. Trust Point Inc. increased its holdings in Nomura by 7.0% in the 2nd quarter. Trust Point Inc. now owns 17,495 shares of the financial services provider’s stock valued at $154,000 after purchasing an additional 1,140 shares in the last quarter. Finally, 55 North Private Wealth LLC acquired a new stake in Nomura in the 2nd quarter valued at $200,000. 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.