Nintendo (OTCMKTS:NTDOY) Upgraded at Macquarie

Macquarie upgraded shares of Nintendo (OTCMKTS:NTDOY) from a neutral rating to an outperform rating in a research note issued to investors on Tuesday, Marketbeat.com reports.

NTDOY has been the topic of several other research reports. Zacks Research raised Nintendo from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Wolfe Research upgraded shares of Nintendo from an “underperform” rating to a “peer perform” rating in a research note on Thursday, January 22nd. Finally, Freedom Capital raised shares of Nintendo from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 22nd. Three research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Nintendo Price Performance

Shares of OTCMKTS:NTDOY opened at $13.58 on Tuesday. The company’s 50-day moving average price is $17.25 and its two-hundred day moving average price is $20.41. Nintendo has a one year low of $13.47 and a one year high of $24.92. The stock has a market capitalization of $70.54 billion, a PE ratio of 23.82 and a beta of 0.56.

Nintendo (OTCMKTS:NTDOY) last released its earnings results 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 return on equity of 13.16% and a net margin of 18.91%.The business had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $464.35 billion. On average, analysts anticipate that Nintendo will post 0.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nintendo

Large investors have recently modified their holdings of the stock. Dorsey Wright & Associates bought a new stake in shares of Nintendo during the 3rd quarter worth about $1,562,000. Impala Asset Management LLC bought a new stake in shares of Nintendo during the second quarter worth approximately $1,720,000. AdvisorShares Investments LLC bought a new position in shares of Nintendo during the third quarter worth approximately $1,052,000. Atlatl Advisers LLC acquired a new stake in Nintendo during the 3rd quarter worth approximately $462,000. Finally, Confluence Investment Management LLC lifted its holdings in Nintendo by 16.3% during the 3rd quarter. Confluence Investment Management LLC now owns 65,201 shares of the company’s stock worth $1,391,000 after purchasing an additional 9,121 shares during the last quarter. 0.02% of the stock is owned by institutional investors.

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.