Nintendo Co. (NTDOY) Raised to Buy at Nomura
Nintendo Co. (OTCMKTS:NTDOY) was upgraded by investment analysts at Nomura to a “buy” rating in a research report issued to clients and investors on Friday.
A number of other research firms have also commented on NTDOY. Goldman Sachs Group Inc. reissued a “hold” rating on shares of Nintendo in a research report on Thursday, September 22nd. Deutsche Bank AG lowered Nintendo from a “buy” rating to a “hold” rating in a research report on Monday, July 18th. Credit Agricole SA reissued a “sell” rating on shares of Nintendo in a research report on Friday, July 15th. Zacks Investment Research raised Nintendo from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Tuesday, October 4th. Finally, Macquarie lowered Nintendo from an “outperform” rating to a “neutral” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $36.00.
Shares of Nintendo (OTCMKTS:NTDOY) opened at 31.22 on Friday. The stock has a 50 day moving average of $31.62 and a 200-day moving average of $23.86. The company’s market cap is $30.00 billion. Nintendo has a 12 month low of $15.34 and a 12 month high of $38.25.
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A hedge fund recently bought a new stake in Nintendo stock. Chartwell Investment Partners LLC bought a new stake in shares of Nintendo Co. (OTCMKTS:NTDOY) during the second quarter, according to its most recent disclosure with the SEC. The fund bought 1,116,389 shares of the company’s stock, valued at approximately $19,839,000. Chartwell Investment Partners LLC owned about 0.12% of Nintendo as of its most recent SEC filing. Institutional investors own 0.13% of the company’s stock.
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