Nintendo Co. (NTDOY) Upgraded to Buy at Zacks Investment Research
Nintendo Co. (OTCMKTS:NTDOY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The firm currently has a $36.00 price objective on the stock. Zacks Investment Research’s price target points to a potential upside of 10.82% from the company’s previous close.
According to Zacks, “NINTENDO LTD is the acknowledged worldwide leader in the creation of interactive entertainment. Nintendo has created such industry icons as Mario and Donkey Kong and launched franchises like The Legend of Zelda and Pokémon. Nintendo manufactures and markets hardware and software for its popular home video game systems, including Nintendo 64 and Game Boy – the world’s best-selling video game system. “
A number of other research analysts have also issued reports on NTDOY. Goldman Sachs Group Inc. reissued a “hold” rating on shares of Nintendo in a research note on Thursday, September 22nd. JPMorgan Chase & Co. started coverage on shares of Nintendo in a research note on Wednesday, June 8th. They issued an “overweight” rating for the company. Credit Agricole SA reaffirmed a “sell” rating on shares of Nintendo in a research note on Friday, July 15th. Deutsche Bank AG lowered shares of Nintendo from a “buy” rating to a “hold” rating in a research note on Monday, July 18th. Finally, Macquarie reaffirmed an “outperform” rating on shares of Nintendo in a research note on Tuesday, July 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $36.00.
Shares of Nintendo (OTCMKTS:NTDOY) opened at 32.485 on Tuesday. Nintendo has a 12 month low of $15.34 and a 12 month high of $38.25. The firm’s market cap is $31.22 billion. The company’s 50-day moving average is $30.69 and its 200-day moving average is $23.19.
A hedge fund recently bought a new stake in Nintendo stock. Chartwell Investment Partners LLC bought a new position in Nintendo Co. (OTCMKTS:NTDOY) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,116,389 shares of the company’s stock, valued at approximately $19,839,000. Chartwell Investment Partners LLC owned approximately 0.12% of Nintendo at the end of the most recent quarter. Institutional investors own 0.13% of the company’s stock.
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