Nomura (NYSE:NMR) Stock Rating Upgraded by Wall Street Zen

Nomura (NYSE:NMR) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Sunday, Wall Street Zen reports.

Other research analysts also recently issued research reports about the company. Weiss Ratings upgraded Nomura from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 17th. Bank of America upgraded Nomura from a “neutral” rating to a “buy” rating and set a $10.20 price objective on the stock in a research note on Thursday, June 25th. Zacks Research raised shares of Nomura from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Finally, Nomura raised shares of Nomura to a “buy” rating and set a $10.20 price objective on the stock in a report on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Nomura has a consensus rating of “Buy” and a consensus target price of $10.20.

Nomura Stock Performance

Shares of NMR opened at $9.77 on Friday. The firm has a market capitalization of $28.65 billion, a P/E ratio of 11.35, a P/E/G ratio of 1.10 and a beta of 0.74. Nomura has a 52 week low of $6.71 and a 52 week high of $10.94. The stock has a 50 day moving average price of $10.02 and a two-hundred day moving average price of $9.05. The company has a debt-to-equity ratio of 8.06, a quick ratio of 2.00 and a current ratio of 2.00.

Nomura (NYSE:NMR) last released its quarterly earnings results on Tuesday, June 30th. The financial services provider reported $0.30 earnings per share for the quarter. The company had revenue of $4.19 billion for the quarter. Nomura had a net margin of 8.09% and a return on equity of 10.42%. Equities analysts forecast that Nomura will post 0.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nomura

A number of large investors have recently modified their holdings of the company. QRG Capital Management Inc. lifted its position in shares of Nomura by 5.4% in the 2nd quarter. QRG Capital Management Inc. now owns 75,981 shares of the financial services provider’s stock worth $667,000 after purchasing an additional 3,910 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Nomura by 36.1% during the second quarter. Envestnet Asset Management Inc. now owns 103,248 shares of the financial services provider’s stock valued at $907,000 after buying an additional 27,367 shares during the period. WINTON GROUP Ltd bought a new position in Nomura in the second quarter worth about $361,000. Engineers Gate Manager LP bought a new position in Nomura in the second quarter worth about $116,000. Finally, NewEdge Advisors LLC lifted its holdings in Nomura by 11,598.7% in the second quarter. NewEdge Advisors LLC now owns 18,367 shares of the financial services provider’s stock worth $161,000 after buying an additional 18,210 shares during the period. 15.14% of the stock is owned by hedge funds and other institutional investors.

Nomura Company Profile

Nomura Holdings, Inc is a Japan-based financial services group headquartered in Tokyo. Through its subsidiaries, including Nomura Securities Co, Ltd., the company provides investment, financing and advisory services to individuals, corporations, financial institutions and governments.

Nomura’s principal businesses include retail wealth management, investment management and wholesale services. Its wholesale operations offer investment banking, equity and fixed-income sales and trading, research, securities underwriting, mergers and acquisitions advice, and other capital-markets services.