Nintendo Co. (NTDOY) Stock Rating Upgraded by Zacks Investment Research
Nintendo Co. (OTCMKTS:NTDOY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday. The firm currently has a $36.00 target price on the stock. Zacks Investment Research’s target price points to a potential upside of 11.87% from the company’s previous close.
According to Zacks, “NINTENDO LTD is the acknowledged worldwide leader in the creation of interactive entertainment. Nintendo has created such industry icons as Mario and Donkey Kong and launched franchises like The Legend of Zelda and Pokémon. Nintendo manufactures and markets hardware and software for its popular home video game systems, including Nintendo 64 and Game Boy – the world’s best-selling video game system. “
Several other research firms have also commented on NTDOY. Goldman Sachs Group Inc. reiterated a “hold” rating on shares of Nintendo in a research report on Thursday, September 22nd. JPMorgan Chase & Co. began coverage on shares of Nintendo in a research report on Wednesday, June 8th. They issued an “overweight” rating on the stock. Credit Agricole SA reiterated a “sell” rating on shares of Nintendo in a research report on Friday, July 15th. Deutsche Bank AG lowered shares of Nintendo from a “buy” rating to a “hold” rating in a research report on Monday, July 18th. Finally, Macquarie reiterated an “outperform” rating on shares of Nintendo in a research report on Tuesday, July 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $36.00.
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Nintendo (OTCMKTS:NTDOY) traded up 1.20% during mid-day trading on Tuesday, reaching $32.18. 116,228 shares of the company traded hands. The stock’s market capitalization is $30.93 billion. The stock has a 50-day moving average of $31.20 and a 200 day moving average of $23.52. Nintendo has a 52-week low of $15.34 and a 52-week high of $38.25.
A hedge fund recently bought a new stake in Nintendo stock. Chartwell Investment Partners LLC acquired a new stake in Nintendo Co. (OTCMKTS:NTDOY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,116,389 shares of the company’s stock, valued at approximately $19,839,000. Chartwell Investment Partners LLC owned approximately 0.12% of Nintendo at the end of the most recent reporting period. Institutional investors and hedge funds own 0.13% of the company’s stock.
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