Nintendo (OTCMKTS:NTDOY) Raised to Strong-Buy at Zacks Research

Nintendo (OTCMKTS:NTDOY) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

NTDOY has been the topic of several other reports. Wolfe Research raised shares of Nintendo from an “underperform” rating to a “peer perform” rating in a report on Thursday, January 22nd. Freedom Capital upgraded Nintendo from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Nintendo Trading Down 2.3%

Shares of OTCMKTS NTDOY traded down $0.39 during trading hours on Monday, reaching $16.57. The stock had a trading volume of 603,687 shares, compared to its average volume of 2,689,653. Nintendo has a 52-week low of $15.25 and a 52-week high of $24.92. The firm has a market cap of $86.08 billion, a price-to-earnings ratio of 31.26 and a beta of 0.58. The business’s fifty day moving average price is $18.04 and its two-hundred day moving average price is $20.69.

Nintendo (OTCMKTS:NTDOY) last issued its earnings results on Tuesday, November 4th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $464.35 billion. Equities research analysts anticipate that Nintendo will post 0.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nintendo

Large investors have recently made changes to their positions in the stock. First Horizon Advisors Inc. lifted its position in Nintendo by 34.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,462 shares of the company’s stock worth $59,000 after acquiring an additional 637 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Nintendo by 13.6% during the second quarter. PNC Financial Services Group Inc. now owns 6,040 shares of the company’s stock worth $145,000 after purchasing an additional 724 shares during the period. Impala Asset Management LLC purchased a new stake in Nintendo in the second quarter valued at approximately $1,720,000. GAMMA Investing LLC increased its holdings in Nintendo by 9.0% in the 3rd quarter. GAMMA Investing LLC now owns 22,235 shares of the company’s stock worth $474,000 after buying an additional 1,835 shares during the period. Finally, Confluence Investment Management LLC increased its holdings in Nintendo by 16.3% in the 3rd quarter. Confluence Investment Management LLC now owns 65,201 shares of the company’s stock worth $1,391,000 after buying an additional 9,121 shares during the period. 0.02% of the stock is owned by hedge funds and other institutional investors.

Nintendo Company Profile

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.