Nomura (NYSE:NMR) Hits New 12-Month High – Should You Buy?

Nomura Holdings Inc ADR (NYSE:NMR) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $9.91 and last traded at $9.7450, with a volume of 1182967 shares traded. The stock had previously closed at $9.62.

Wall Street Analyst Weigh In

NMR has been the subject of several research reports. Bank of America raised shares of Nomura from a “neutral” rating to a “buy” rating and set a $10.20 price target for the company in a research report on Thursday, June 25th. JPMorgan Chase & Co. upgraded shares of Nomura from a “neutral” rating to an “overweight” rating in a report on Thursday, March 19th. Nomura raised shares of Nomura to a “buy” rating and set a $10.20 price objective on the stock in a research note on Thursday, June 25th. Finally, Weiss Ratings cut shares of Nomura from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. 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 stock. According to data from MarketBeat, Nomura has a consensus rating of “Buy” and an average price target of $10.20.

Nomura Trading Down 2.5%

The stock has a market capitalization of $28.71 billion, a PE ratio of 12.23, a P/E/G ratio of 2.89 and a beta of 0.69. The firm has a 50 day moving average price of $8.68 and a 200 day moving average price of $8.57. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 7.38.

Nomura (NYSE:NMR) last posted its earnings results on Friday, April 24th. The financial services provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.05). The company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.43 billion. Nomura had a net margin of 7.64% and a return on equity of 9.70%. Equities analysts expect that Nomura Holdings Inc ADR will post 0.8 EPS for the current fiscal year.

Hedge Funds Weigh In On Nomura

Several large investors have recently bought and sold shares of NMR. Trust Point Inc. grew its stake in shares of Nomura by 7.0% in the 2nd 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 in the last quarter. Franklin Resources Inc. lifted its position in shares of Nomura by 2.8% during the fourth quarter. Franklin Resources Inc. now owns 42,647 shares of the financial services provider’s stock valued at $358,000 after purchasing an additional 1,148 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Nomura by 5.6% during the fourth quarter. Parallel Advisors LLC now owns 22,208 shares of the financial services provider’s stock valued at $186,000 after purchasing an additional 1,176 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in shares of Nomura by 6.1% during the fourth quarter. Valeo Financial Advisors LLC now owns 21,392 shares of the financial services provider’s stock valued at $179,000 after purchasing an additional 1,231 shares in the last quarter. Finally, Mayflower Financial Advisors LLC boosted its holdings in Nomura by 10.9% during the first quarter. Mayflower Financial Advisors LLC now owns 13,834 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 1,361 shares during the last quarter. 15.14% of the stock is currently owned by institutional investors.

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.