Nintendo Co. (OTCMKTS:NTDOY) Given Average Recommendation of “Moderate Buy” by Brokerages

Nintendo Co. (OTCMKTS:NTDOY) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company.

Several analysts have weighed in on NTDOY shares. Wolfe Research lowered shares of Nintendo from a “peer perform” rating to an “underperform” rating in a report on Wednesday, November 5th. Freedom Capital upgraded shares of Nintendo from a “hold” rating to a “strong-buy” rating in a report on Monday, December 22nd.

Institutional Investors Weigh In On Nintendo

Several hedge funds have recently added to or reduced their stakes in NTDOY. Impala Asset Management LLC bought a new position in Nintendo in the 2nd quarter valued at about $1,720,000. GAMMA Investing LLC increased its stake in shares of Nintendo by 27.0% in the second quarter. GAMMA Investing LLC now owns 20,400 shares of the company’s stock valued at $490,000 after buying an additional 4,338 shares during the period. PNC Financial Services Group Inc. grew its holdings in 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 last quarter. First Horizon Advisors Inc. increased its holdings in Nintendo by 34.9% in the second quarter. First Horizon Advisors Inc. now owns 2,462 shares of the company’s stock valued at $59,000 after purchasing an additional 637 shares during the period. Finally, Dorsey Wright & Associates bought a new position in shares of Nintendo during the third quarter worth about $1,562,000. Institutional investors and hedge funds own 0.02% of the company’s stock.

Nintendo Stock Down 1.7%

OTCMKTS:NTDOY opened at $16.33 on Friday. The firm has a market cap of $84.83 billion, a price-to-earnings ratio of 30.81 and a beta of 0.58. Nintendo has a 12 month low of $14.50 and a 12 month high of $24.92. The company’s 50 day moving average is $18.56 and its 200-day moving average is $20.88.

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

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.