Nomura Holdings Inc ADR (NYSE:NMR) Stock Has Average Price Target of $10.20

by · The Markets Daily

Shares of Nomura Holdings Inc ADR (NYSE:NMR – Get Free Report) have been given an average recommendation of “Buy” by the five brokerages that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $10.20.

NMR has been the topic of a number of recent research reports. Bank of America raised Nomura from a “neutral” rating to a “buy” rating and set a $10.20 target price on the stock in a report on Thursday, June 25th. Wall Street Zen raised Nomura from a “hold” rating to a “buy” rating in a research report on Sunday, October 4th. Nomura upgraded Nomura to a “buy” rating and set a $10.20 price target for the company in a research note on Thursday, June 25th. Zacks Research upgraded Nomura from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings raised shares of Nomura from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th.

Check Out Our Latest Stock Report on NMR

Nomura Price Performance

NYSE NMR opened at $9.23 on Thursday. The business’s fifty day moving average price is $9.98 and its 200-day moving average price is $9.15. The stock has a market capitalization of $27.09 billion, a price-to-earnings ratio of 10.74, a PEG ratio of 1.05 and a beta of 0.74. The company has a debt-to-equity ratio of 8.06, a current ratio of 2.00 and a quick ratio of 2.00. Nomura has a 1-year low of $6.88 and a 1-year high of $10.94.

Nomura (NYSE:NMR – Get Free Report) last issued its quarterly earnings data on Tuesday, June 30th. The financial services provider reported $0.30 EPS for the quarter. Nomura had a return on equity of 10.42% and a net margin of 8.09%. The company had revenue of $4.19 billion during the quarter. On average, equities analysts predict that Nomura will post 0.98 earnings per share for the current year.

Hedge Funds Weigh In On Nomura

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Eastern Bank bought a new stake in Nomura during the second quarter valued at approximately $31,000. Mather Group LLC. increased its holdings in Nomura by 17,760.0% during the third quarter. Mather Group LLC. now owns 4,465 shares of the financial services provider’s stock valued at $44,000 after buying an additional 4,440 shares during the last quarter. V Square Quantitative Management LLC raised its position in Nomura by 108.2% in the first quarter. V Square Quantitative Management LLC now owns 6,118 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 3,179 shares during the period. Allworth Financial LP raised its position in Nomura by 84.5% in the second quarter. Allworth Financial LP now owns 7,864 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 3,601 shares during the period. Finally, Foster Group Inc. bought a new position in Nomura in the second quarter worth approximately $88,000. Hedge funds and other institutional investors own 15.14% of the company’s stock.

Nomura Company Profile

(Get Free Report)

Nomura Holdings, Inc is a Japan-based financial services group headquartered in Tokyo. Through its subsidiaries, including Nomura Securities Co, Ltd., the company provides investment, financing and advisory services to individuals, corporations, financial institutions and governments.

Nomura’s principal businesses include retail wealth management, investment management and wholesale services. Its wholesale operations offer investment banking, equity and fixed-income sales and trading, research, securities underwriting, mergers and acquisitions advice, and other capital-markets services.

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