Wedbush Upgrades NINTENDO LTD/ADR (OTCMKTS:NTDOY) to Outperform

Wedbush upgraded shares of NINTENDO LTD/ADR (OTCMKTS:NTDOY) from a neutral rating to an outperform rating in a research note released on Wednesday morning, The Fly reports. Wedbush also issued estimates for NINTENDO LTD/ADR’s Q1 2020 earnings at $0.23 EPS, Q1 2021 earnings at $0.32 EPS, Q2 2021 earnings at $0.52 EPS, Q3 2021 earnings at $1.05 EPS and Q4 2021 earnings at $0.38 EPS.

A number of other research analysts have also recently issued reports on NTDOY. Macquarie set a $155.00 price target on shares of Deckers Outdoor and gave the stock a hold rating in a report on Tuesday, June 11th. Deutsche Bank reaffirmed a buy rating on shares of NINTENDO LTD/ADR in a report on Wednesday, March 27th. Zacks Investment Research cut shares of German American Bancorp. from a buy rating to a hold rating in a report on Tuesday, April 30th. Finally, ValuEngine raised shares of Alleghany from a hold rating to a buy rating in a report on Friday, April 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $41.00.

OTCMKTS NTDOY opened at $48.23 on Wednesday. The business has a fifty day moving average of $45.04. The stock has a market capitalization of $45.96 billion, a PE ratio of 25.65 and a beta of 0.98. NINTENDO LTD/ADR has a 12-month low of $31.38 and a 12-month high of $48.68.

Several large investors have recently added to or reduced their stakes in NTDOY. Intercontinental Wealth Advisors LLC acquired a new stake in shares of NINTENDO LTD/ADR in the first quarter worth $25,000. Private Capital Group LLC increased its stake in shares of NINTENDO LTD/ADR by 20.5% in the first quarter. Private Capital Group LLC now owns 1,490 shares of the company’s stock worth $53,000 after acquiring an additional 253 shares during the period. Quadrant Capital Group LLC increased its stake in shares of NINTENDO LTD/ADR by 18.8% in the first quarter. Quadrant Capital Group LLC now owns 14,352 shares of the company’s stock worth $507,000 after acquiring an additional 2,274 shares during the period. Campbell Capital Management Inc. acquired a new stake in shares of NINTENDO LTD/ADR in the fourth quarter worth $559,000. Finally, Boston Common Asset Management LLC increased its stake in shares of NINTENDO LTD/ADR by 11.8% in the first quarter. Boston Common Asset Management LLC now owns 25,365 shares of the company’s stock worth $904,000 after acquiring an additional 2,683 shares during the period. Hedge funds and other institutional investors own 0.15% of the company’s stock.

About NINTENDO LTD/ADR

Nintendo Co, Ltd., together with its subsidiaries, develops, manufactures, and sells electronic entertainment products in Japan, the United States, Europe, Australia, Asia, and internationally. It provides video game platforms, playing cards, Karuta, and other products; and handheld and home console hardware and related software.

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