Nintendo (OTCMKTS:NTDOY) Upgraded to “Strong-Buy” at Macquarie Capit

Macquarie Capit upgraded shares of Nintendo (OTCMKTS:NTDOY) from a hold rating to a strong-buy rating in a research report released on Tuesday,Zacks.com reports.

Other analysts have also issued reports about the stock. Zacks Research upgraded shares of Nintendo from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Freedom Capital upgraded shares of Nintendo from a “hold” rating to a “strong-buy” rating in a report on Monday, December 22nd. China Renaissance reaffirmed a “sell” rating on shares of Nintendo in a research report on Wednesday. Wolfe Research upgraded shares of Nintendo from an “underperform” rating to a “peer perform” rating in a research note on Thursday, January 22nd. Finally, Macquarie Infrastructure upgraded Nintendo from a “neutral” rating to an “outperform” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Nintendo currently has an average rating of “Moderate Buy”.

Nintendo Stock Up 1.8%

Shares of Nintendo stock traded up $0.24 on Tuesday, reaching $13.82. The company’s stock had a trading volume of 3,517,970 shares, compared to its average volume of 3,295,271. Nintendo has a 52 week low of $13.47 and a 52 week high of $24.92. The firm’s fifty day simple moving average is $17.25 and its two-hundred day simple moving average is $20.41. The company has a market capitalization of $71.79 billion, a price-to-earnings ratio of 24.25 and a beta of 0.56.

Nintendo (OTCMKTS:NTDOY) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.07. Nintendo had a return on equity of 13.16% and a net margin of 18.91%.The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $464.35 billion. As a group, research analysts predict that Nintendo will post 0.44 EPS for the current year.

Hedge Funds Weigh In On Nintendo

A number of institutional investors have recently bought and sold shares of the stock. Salomon & Ludwin LLC grew its holdings in Nintendo by 76.1% during the third quarter. Salomon & Ludwin LLC now owns 1,872 shares of the company’s stock valued at $40,000 after purchasing an additional 809 shares during the period. First Horizon Advisors Inc. grew its stake in shares of Nintendo by 34.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,462 shares of the company’s stock valued at $59,000 after acquiring an additional 637 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Nintendo by 322.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,225 shares of the company’s stock valued at $71,000 after acquiring an additional 3,225 shares during the period. PNC Financial Services Group Inc. increased its holdings in Nintendo by 13.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 6,040 shares of the company’s stock worth $145,000 after acquiring an additional 724 shares in the last quarter. Finally, Diversified Trust Co raised its stake in Nintendo by 18.6% during the 3rd quarter. Diversified Trust Co now owns 11,980 shares of the company’s stock worth $260,000 after acquiring an additional 1,882 shares during the period. 0.02% of the stock is owned by institutional investors.

About Nintendo

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.