Nomura Holdings Inc ADR (NYSE:NMR) Stock Has Average Target Price of $10.20

Nomura Holdings Inc ADR (NYSE:NMR) has earned an average rating of “Buy” from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $10.20.

NMR has been the topic of a number of recent analyst reports. Bank of America raised shares of Nomura from a “neutral” rating to a “buy” rating and set a $10.20 target price on the stock in a research report on Thursday, June 25th. Weiss Ratings upgraded shares of Nomura from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Zacks Research raised Nomura from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Wall Street Zen raised shares of Nomura from a “hold” rating to a “buy” rating in a research report on Sunday, October 4th. Finally, Nomura raised Nomura to a “buy” rating and set a $10.20 price target on the stock in a research report on Thursday, June 25th.

Nomura Stock Performance

NYSE:NMR opened at $9.12 on Thursday. The company’s 50-day moving average is $9.96 and its two-hundred day moving average is $9.17. The firm has a market capitalization of $26.74 billion, a price-to-earnings ratio of 10.74, a PEG ratio of 1.05 and a beta of 0.74. Nomura has a 1-year low of $6.88 and a 1-year high of $10.94. The company has a debt-to-equity ratio of 8.06, a current ratio of 2.00 and a quick ratio of 2.00.

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

Institutional Investors Weigh In On Nomura

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantinno Capital Management LP boosted its stake in Nomura by 18.4% during the 1st quarter. Quantinno Capital Management LP now owns 2,547,208 shares of the financial services provider’s stock valued at $20,097,000 after acquiring an additional 395,656 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Nomura by 27.0% during the 1st quarter. Renaissance Technologies LLC now owns 2,312,237 shares of the financial services provider’s stock worth $18,244,000 after acquiring an additional 491,400 shares in the last quarter. Gradient Investments LLC increased its position in shares of Nomura by 7.4% in the 2nd quarter. Gradient Investments LLC now owns 638,711 shares of the financial services provider’s stock worth $5,608,000 after purchasing an additional 43,849 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Nomura by 7.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 523,616 shares of the financial services provider’s stock worth $4,131,000 after purchasing an additional 37,399 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Nomura by 1.4% in the 1st quarter. Bank of New York Mellon Corp now owns 252,736 shares of the financial services provider’s stock worth $1,994,000 after purchasing an additional 3,601 shares during the last quarter. Hedge funds and other institutional investors own 15.14% of the company’s stock.

Nomura Company Profile

Nomura Holdings, Inc is a Japan-based financial services group that provides investment, financing, and asset management services to individuals, corporations, financial institutions, and governments. Through its businesses, the company offers securities brokerage, investment banking, capital markets, research, advisory services, wealth management, and investment management.

Nomura’s principal operations are organized around its wealth management, investment management, and wholesale divisions.