Nomura (NYSE:NMR) Stock Rating Raised to Buy at Wall Street Zen

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

Other equities research analysts have also issued reports about the stock. Zacks Research raised shares of Nomura from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Nomura upgraded shares of Nomura to a “buy” rating and set a $10.20 price objective on the stock in a report on Thursday, June 25th. Bank of America raised shares of 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. Finally, Weiss Ratings upgraded Nomura from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Nomura has an average rating of “Buy” and an average price target of $10.20.

Nomura Stock Down 0.1%

NYSE NMR opened at $9.72 on Friday. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 8.06. Nomura has a fifty-two week low of $6.71 and a fifty-two week high of $10.94. The business has a 50 day moving average price of $10.02 and a two-hundred day moving average price of $9.04. The stock has a market cap of $28.53 billion, a PE ratio of 11.31, a P/E/G ratio of 1.10 and a beta of 0.74.

Nomura (NYSE:NMR) last posted 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 company had revenue of $4.19 billion for the quarter. As a group, sell-side analysts predict that Nomura will post 0.98 EPS for the current fiscal year.

Institutional Trading of Nomura

Institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its stake in Nomura by 27.0% during the first quarter. Renaissance Technologies LLC now owns 2,312,237 shares of the financial services provider’s stock valued at $18,244,000 after buying an additional 491,400 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Nomura by 236.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 166,873 shares of the financial services provider’s stock worth $1,317,000 after acquiring an additional 117,233 shares in the last quarter. Quantinno Capital Management LP grew its position in shares of Nomura by 18.4% in the 1st quarter. Quantinno Capital Management LP now owns 2,547,208 shares of the financial services provider’s stock worth $20,097,000 after acquiring an additional 395,656 shares in the last quarter. Vise Technologies Inc. increased its holdings in shares of Nomura by 227.7% in the 2nd quarter. Vise Technologies Inc. now owns 153,947 shares of the financial services provider’s stock valued at $1,352,000 after acquiring an additional 106,974 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in shares of Nomura by 94.9% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 109,995 shares of the financial services provider’s stock valued at $966,000 after acquiring an additional 53,554 shares during the last quarter. 15.14% of the stock is owned by institutional investors and hedge funds.

Nomura Company Profile

Nomura Holdings, Inc is a Japan-based financial services group headquartered in Tokyo. Through its subsidiaries, including Nomura Securities Co, Ltd., the company provides investment, financing and advisory services to individuals, corporations, financial institutions and governments.

Nomura’s principal businesses include retail wealth management, investment management and wholesale services. Its wholesale operations offer investment banking, equity and fixed-income sales and trading, research, securities underwriting, mergers and acquisitions advice, and other capital-markets services.