Nomura Holdings Inc ADR (NMR) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Nomura Holdings Inc ADR (NYSE:NMR) from a hold rating to a buy rating in a report issued on Friday. The brokerage currently has $6.00 target price on the financial services provider’s stock.

According to Zacks, “NOMURA HLDG-ADR is a leading financial services group in Japan and has worldwide operations, providing a wide range of value-added financial services and competitive products. These include brokerage, trading, underwriting, M&A financial advisory services, merchant banking, and development and management of investment trusts and investment advisory services to diversified clients such as individuals, corporations, financial institutions, governments and governmental agencies. “

NMR has been the subject of several other reports. ValuEngine cut shares of Nomura Holdings Inc ADR from a strong-buy rating to a buy rating in a report on Friday, September 1st. TheStreet upgraded shares of Nomura Holdings Inc ADR from a d+ rating to a c rating in a report on Wednesday, May 24th. Finally, BidaskClub cut shares of Nomura Holdings Inc ADR from a sell rating to a strong sell rating in a report on Saturday, July 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Nomura Holdings Inc ADR currently has an average rating of Hold and a consensus target price of $6.00.

Nomura Holdings Inc ADR (NYSE:NMR) opened at 5.31 on Friday. The firm has a market cap of $18.84 billion, a price-to-earnings ratio of 8.44 and a beta of 1.59. Nomura Holdings Inc ADR has a 12 month low of $4.29 and a 12 month high of $6.80. The company’s 50-day moving average is $5.74 and its 200 day moving average is $6.09.

Nomura Holdings Inc ADR (NYSE:NMR) last posted its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by $0.01. The company had revenue of $4.21 billion for the quarter. Nomura Holdings Inc ADR had a return on equity of 8.69% and a net margin of 15.47%. On average, equities research analysts predict that Nomura Holdings Inc ADR will post $0.47 earnings per share for the current year.

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Several hedge funds have recently bought and sold shares of NMR. AJO LP boosted its holdings in shares of Nomura Holdings Inc ADR by 780.1% during the second quarter. AJO LP now owns 472,870 shares of the financial services provider’s stock worth $2,856,000 after purchasing an additional 419,138 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Nomura Holdings Inc ADR by 154.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 633,247 shares of the financial services provider’s stock valued at $3,825,000 after acquiring an additional 383,915 shares during the last quarter. Aperio Group LLC lifted its stake in Nomura Holdings Inc ADR by 14.5% in the second quarter. Aperio Group LLC now owns 2,131,357 shares of the financial services provider’s stock valued at $12,873,000 after acquiring an additional 269,265 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in Nomura Holdings Inc ADR by 9.9% in the first quarter. Parametric Portfolio Associates LLC now owns 2,484,440 shares of the financial services provider’s stock valued at $15,577,000 after acquiring an additional 222,939 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in Nomura Holdings Inc ADR by 5.7% in the second quarter. Fisher Asset Management LLC now owns 3,278,899 shares of the financial services provider’s stock valued at $19,805,000 after acquiring an additional 177,576 shares during the last quarter. Institutional investors and hedge funds own 0.55% of the company’s stock.

Nomura Holdings Inc ADR Company Profile

Nomura Holdings, Inc (Nomura) is a financial services company. The Company, through its broker-dealer, banking and other financial services subsidiaries, provide investment, financing and related services to individual, institutional and government clients across the world. The Company’s segments include Retail, Asset Management and Wholesale.

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