Nomura Holdings Inc ADR (NMR) Rating Increased 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 Saturday morning. The firm currently has $6.25 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. “

Other equities research analysts have also issued research reports about the company. ValuEngine lowered Nomura Holdings Inc ADR from a strong-buy rating to a buy rating in a research report on Friday, September 1st. TheStreet upgraded Nomura Holdings Inc ADR from a d+ rating to a c rating in a research report on Wednesday, May 24th. Finally, BidaskClub lowered Nomura Holdings Inc ADR from a sell rating to a strong sell rating in a research 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 assigned a buy rating to the stock. Nomura Holdings Inc ADR presently has an average rating of Hold and a consensus target price of $6.25.

Shares of Nomura Holdings Inc ADR (NYSE NMR) opened at 5.61 on Friday. Nomura Holdings Inc ADR has a 12 month low of $4.29 and a 12 month high of $6.80. The firm has a 50-day moving average price of $5.65 and a 200-day moving average price of $6.03. The company has a market capitalization of $19.90 billion, a PE ratio of 8.88 and a beta of 1.59.

Nomura Holdings Inc ADR (NYSE:NMR) last issued its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The firm 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 EPS for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of Montreal Can grew its position in shares of Nomura Holdings Inc ADR by 0.3% in the 1st quarter. Bank of Montreal Can now owns 82,667 shares of the financial services provider’s stock valued at $518,000 after buying an additional 271 shares during the last quarter. Sei Investments Co. grew its position in shares of Nomura Holdings Inc ADR by 3.1% in the 1st quarter. Sei Investments Co. now owns 20,874 shares of the financial services provider’s stock valued at $131,000 after buying an additional 619 shares during the last quarter. US Bancorp DE grew its position in shares of Nomura Holdings Inc ADR by 2.1% in the 1st quarter. US Bancorp DE now owns 42,608 shares of the financial services provider’s stock valued at $267,000 after buying an additional 895 shares during the last quarter. CIBC World Markets Inc. grew its position in shares of Nomura Holdings Inc ADR by 4.6% in the 2nd quarter. CIBC World Markets Inc. now owns 26,527 shares of the financial services provider’s stock valued at $160,000 after buying an additional 1,159 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Nomura Holdings Inc ADR by 4.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 64,950 shares of the financial services provider’s stock valued at $393,000 after buying an additional 2,881 shares during the last quarter. Hedge funds and other institutional investors own 0.55% of the company’s stock.

About Nomura Holdings Inc ADR

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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