Nintendo (OTCMKTS:NTDOY) Raised to “Strong-Buy” at Zacks Research

Nintendo (OTCMKTS:NTDOY) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

NTDOY has been the topic of several other research reports. Freedom Capital raised Nintendo from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 22nd. Wolfe Research upgraded shares of Nintendo from an “underperform” rating to a “peer perform” rating in a research note on Thursday, January 22nd. Three investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Nintendo Trading Up 1.7%

Shares of NTDOY stock opened at $17.18 on Monday. Nintendo has a 12 month low of $15.25 and a 12 month high of $24.92. The stock has a market cap of $89.25 billion, a P/E ratio of 32.42 and a beta of 0.58. The company has a 50 day simple moving average of $18.04 and a two-hundred day simple moving average of $20.69.

Nintendo (OTCMKTS:NTDOY) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $464.35 billion. As a group, equities analysts forecast that Nintendo will post 0.44 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Impala Asset Management LLC bought a new stake in Nintendo during the second quarter worth approximately $1,720,000. PNC Financial Services Group Inc. boosted its stake in Nintendo by 13.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 6,040 shares of the company’s stock worth $145,000 after purchasing an additional 724 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in Nintendo by 34.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,462 shares of the company’s stock valued at $59,000 after acquiring an additional 637 shares during the period. Confluence Investment Management LLC increased its stake in Nintendo by 4.0% during the 4th quarter. Confluence Investment Management LLC now owns 67,829 shares of the company’s stock worth $1,144,000 after buying an additional 2,628 shares in the last quarter. Finally, Dorsey Wright & Associates acquired a new position in shares of Nintendo in the 3rd quarter valued at $1,562,000. 0.02% of the stock is currently owned by institutional investors.

Nintendo Company Profile

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.