Nomura Holdings Inc ADR (NYSE:NMR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday. The brokerage presently has a $6.00 price target on the financial services provider’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 12.99% from the stock’s current price.

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. “

Several other brokerages have also recently weighed in on NMR. TheStreet upgraded Nomura Holdings Inc ADR from a “d+” rating to a “c” rating in a report on Wednesday, May 24th. ValuEngine cut Nomura Holdings Inc ADR from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Finally, BidaskClub cut Nomura Holdings Inc ADR from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Nomura Holdings Inc ADR has a consensus rating of “Hold” and a consensus target price of $6.00.

Shares of Nomura Holdings Inc ADR (NYSE:NMR) traded up 0.38% during midday trading on Friday, reaching $5.31. The company’s stock had a trading volume of 273,604 shares. The stock’s 50 day moving average price is $5.74 and its 200 day moving average price is $6.09. The firm has a market cap of $18.84 billion, a price-to-earnings ratio of 8.44 and a beta of 1.59. Nomura Holdings Inc ADR has a one year low of $4.29 and a one year high of $6.80.

Nomura Holdings Inc ADR (NYSE:NMR) last issued its earnings results on Friday, July 28th. The financial services provider reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.01. The company 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%. Analysts predict that Nomura Holdings Inc ADR will post $0.47 earnings per share for the current year.

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