Zacks Investment Research upgraded shares of Nomura Holdings Inc ADR (NYSE:NMR) from a hold rating to a buy rating in a research note released on Thursday morning. The brokerage currently has $6.50 price objective on the financial services provider’s stock.

According to Zacks, “NOMURA HLDG-ADR is a leading financial services group in Japan and has worldwide operations, providing a wide range of value-added financial services and competitive products. These include brokerage, trading, underwriting, M&A financial advisory services, merchant banking, and development and management of investment trusts and investment advisory services to diversified clients such as individuals, corporations, financial institutions, governments and governmental agencies. “

NMR has been the topic of several other research reports. BidaskClub downgraded shares of Nomura Holdings Inc ADR from a sell rating to a strong sell rating in a research note on Saturday, July 8th. TheStreet upgraded shares of Nomura Holdings Inc ADR from a d+ rating to a c rating in a report on Wednesday, May 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Nomura Holdings Inc ADR presently has a consensus rating of Hold and a consensus target price of $6.50.

Shares of Nomura Holdings Inc ADR (NYSE NMR) traded up 0.18% during mid-day trading on Thursday, reaching $5.58. 167,021 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $5.85 and a 200-day moving average price of $6.17. The stock has a market cap of $19.79 billion, a PE ratio of 8.93 and a beta of 1.56. Nomura Holdings Inc ADR has a one year low of $4.29 and a one year high of $6.80.

Nomura Holdings Inc ADR (NYSE:NMR) last announced its earnings results on Friday, July 28th. The financial services provider reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.01. Nomura Holdings Inc ADR had a net margin of 15.47% and a return on equity of 8.69%. The firm had revenue of $4.21 billion during the quarter. On average, analysts predict that Nomura Holdings Inc ADR will post $0.47 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This news story was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another domain, it was stolen and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2017/08/27/nomura-holdings-inc-adr-nmr-raised-to-buy-at-zacks-investment-research.html.

Several hedge funds and other institutional investors have recently bought and sold shares of NMR. Arrowstreet Capital Limited Partnership boosted its position in Nomura Holdings Inc ADR by 154.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 633,247 shares of the financial services provider’s stock worth $3,825,000 after buying an additional 383,915 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Nomura Holdings Inc ADR by 5.2% in the second quarter. Goldman Sachs Group Inc. now owns 1,085,051 shares of the financial services provider’s stock worth $6,554,000 after buying an additional 53,481 shares during the last quarter. QCM Cayman Ltd. boosted its position in Nomura Holdings Inc ADR by 30.5% in the second quarter. QCM Cayman Ltd. now owns 85,500 shares of the financial services provider’s stock worth $512,000 after buying an additional 20,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Nomura Holdings Inc ADR by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,151,420 shares of the financial services provider’s stock worth $6,955,000 after buying an additional 6,200 shares during the last quarter. Finally, Virtu KCG Holdings LLC boosted its position in Nomura Holdings Inc ADR by 253.7% in the second quarter. Virtu KCG Holdings LLC now owns 40,017 shares of the financial services provider’s stock worth $242,000 after buying an additional 28,703 shares during the last quarter. Hedge funds and other institutional investors own 0.56% of the company’s stock.

Nomura Holdings Inc ADR Company Profile

Nomura Holdings, Inc (Nomura) is a financial services company. The Company, through its broker-dealer, banking and other financial services subsidiaries, provide investment, financing and related services to individual, institutional and government clients across the world. The Company’s segments include Retail, Asset Management and Wholesale.

Get a free copy of the Zacks research report on Nomura Holdings Inc ADR (NMR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Stock Ratings for Nomura Holdings Inc ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nomura Holdings Inc ADR and related stocks with our FREE daily email newsletter.