Nomura Holdings Inc ADR (NYSE:NMR) Receives Average Recommendation of “Buy” from Analysts

Nomura Holdings Inc ADR (NYSE:NMR) has received an average rating of “Buy” from the five analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation 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.

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

Institutional Investors Weigh In On Nomura

Several large investors have recently modified their holdings of the company. AQR Capital Management LLC grew its holdings in Nomura by 12.5% during the 1st quarter. AQR Capital Management LLC now owns 289,538 shares of the financial services provider’s stock worth $1,781,000 after acquiring an additional 32,206 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Nomura by 6.7% during the first quarter. Goldman Sachs Group Inc. now owns 4,617,888 shares of the financial services provider’s stock valued at $28,400,000 after acquiring an additional 289,984 shares in the last quarter. Focus Partners Wealth increased its holdings in shares of Nomura by 38.4% during the first quarter. Focus Partners Wealth now owns 22,574 shares of the financial services provider’s stock valued at $139,000 after acquiring an additional 6,268 shares in the last quarter. Sivia Capital Partners LLC raised its position in shares of Nomura by 35.6% during the second quarter. Sivia Capital Partners LLC now owns 19,272 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 5,060 shares during the period. Finally, Cetera Investment Advisers raised its position in shares of Nomura by 28.1% during the second quarter. Cetera Investment Advisers now owns 12,936 shares of the financial services provider’s stock worth $85,000 after purchasing an additional 2,839 shares during the period. 15.14% of the stock is currently owned by institutional investors and hedge funds.

Nomura Stock Down 0.1%

NMR opened at $10.29 on Wednesday. Nomura has a 1-year low of $6.71 and a 1-year high of $10.36. The stock has a market cap of $30.19 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 1.12 and a beta of 0.69. The stock’s fifty day simple moving average is $9.57 and its 200 day simple moving average is $8.76. 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 released its quarterly earnings results on Tuesday, June 30th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter. Nomura had a return on equity of 10.42% and a net margin of 8.09%.The business had revenue of $4.19 billion during the quarter. As a group, research analysts expect that Nomura will post 0.93 earnings per share for the current year.

Nomura Company Profile

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.