Nintendo Co. (OTCMKTS:NTDOY) Given Consensus Recommendation of “Buy” by Analysts

Shares of Nintendo Co. (OTCMKTS:NTDOY) have been given a consensus recommendation of “Buy” by the six analysts that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have given a strong buy recommendation to the company.

NTDOY has been the subject of a number of research analyst reports. Freedom Capital raised shares of Nintendo from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 22nd. Wolfe Research upgraded Nintendo from an “underperform” rating to a “peer perform” rating in a research note on Thursday.

Nintendo Stock Down 2.4%

Shares of NTDOY stock opened at $15.81 on Friday. Nintendo has a 12 month low of $15.15 and a 12 month high of $24.92. The firm has a market cap of $82.13 billion, a PE ratio of 29.83 and a beta of 0.58. The stock has a 50 day moving average of $18.32 and a 200-day moving average of $20.81.

Nintendo (OTCMKTS:NTDOY) last released its earnings results on Tuesday, November 4th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.08 by $0.07. Nintendo had a net margin of 21.10% and a return on equity of 12.26%. The firm had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $464.35 billion. As a group, equities analysts predict that Nintendo will post 0.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NTDOY. First Horizon Advisors Inc. boosted its stake in Nintendo by 34.9% during the second quarter. First Horizon Advisors Inc. now owns 2,462 shares of the company’s stock worth $59,000 after buying an additional 637 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Nintendo by 13.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,040 shares of the company’s stock worth $145,000 after acquiring an additional 724 shares during the period. Salomon & Ludwin LLC boosted its position in shares of Nintendo by 76.1% during the 3rd quarter. Salomon & Ludwin LLC now owns 1,872 shares of the company’s stock valued at $40,000 after acquiring an additional 809 shares in the last quarter. Appleton Partners Inc. MA increased its stake in Nintendo by 0.7% in the third quarter. Appleton Partners Inc. MA now owns 127,279 shares of the company’s stock valued at $2,716,000 after acquiring an additional 837 shares during the period. Finally, GAMMA Investing LLC increased its stake in Nintendo by 9.0% in the third quarter. GAMMA Investing LLC now owns 22,235 shares of the company’s stock valued at $474,000 after acquiring an additional 1,835 shares during the period. 0.02% of the stock is currently owned by institutional investors and hedge funds.

About Nintendo

Nintendo Co, Ltd., headquartered in Kyoto, Japan, is a global entertainment company best known for designing, manufacturing and marketing video game hardware and software. Founded in 1889 as a playing-card company, Nintendo transitioned into electronic entertainment in the latter half of the 20th century and has since become one of the most recognizable names in interactive entertainment. The company serves markets worldwide, with major operations and customer bases in Japan, North America and Europe, and it maintains a presence through regional subsidiaries, distribution partners and digital storefronts.

Nintendo’s business spans console and handheld hardware, first-party software titles, digital services and licensing.