Nomura (NYSE:NMR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Nomura (NYSE:NMR) from a hold rating to a buy rating in a research report report published on Saturday morning.

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

Nomura Stock Performance

NYSE NMR opened at $9.59 on Friday. The company has a debt-to-equity ratio of 8.06, a current ratio of 2.00 and a quick ratio of 2.00. The stock’s 50 day simple moving average is $9.07 and its 200-day simple moving average is $8.65. The company has a market cap of $28.12 billion, a PE ratio of 11.15, a price-to-earnings-growth ratio of 1.05 and a beta of 0.69. Nomura has a 1-year low of $6.70 and a 1-year high of $10.06.

Nomura (NYSE:NMR) last issued its quarterly earnings results on Tuesday, June 30th. The financial services provider reported $0.30 EPS for the quarter. Nomura had a return on equity of 10.42% and a net margin of 8.09%.The firm had revenue of $4.19 billion during the quarter. As a group, equities research analysts anticipate that Nomura will post 0.93 EPS for the current fiscal year.

Hedge Funds Weigh In On Nomura

A number of institutional investors have recently added to or reduced their stakes in the stock. Paladin Wealth LLC boosted its stake in Nomura by 17.8% during the second quarter. Paladin Wealth LLC now owns 14,873 shares of the financial services provider’s stock worth $131,000 after buying an additional 2,244 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of Nomura by 94.9% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 109,995 shares of the financial services provider’s stock worth $966,000 after acquiring an additional 53,554 shares during the last quarter. Gradient Investments LLC raised its holdings in shares of Nomura by 7.4% during the 2nd quarter. Gradient Investments LLC now owns 638,711 shares of the financial services provider’s stock worth $5,608,000 after acquiring an additional 43,849 shares during the period. Trust Point Inc. raised its holdings in shares of Nomura by 7.0% during the 2nd quarter. Trust Point Inc. now owns 17,495 shares of the financial services provider’s stock worth $154,000 after acquiring an additional 1,140 shares during the period. Finally, 55 North Private Wealth LLC acquired a new position in shares of Nomura during the 2nd quarter valued at about $200,000. Hedge funds and other institutional investors own 15.14% of the company’s stock.

About Nomura

Nomura Holdings, Inc is a global financial services group headquartered in Tokyo, Japan, with origins dating back to 1925 when Tokushichi Nomura II established the firm as a securities business. Over the decades Nomura has grown from a domestic securities house into a multinational financial services firm by expanding its product offerings and international footprint. The company is publicly listed and operates through a network of subsidiaries and branches to serve a broad client base.

Nomura’s principal businesses encompass retail brokerage, wholesale (investment banking and global markets), and asset management.