Zacks Investment Research Lowers Nomura Holdings Inc ADR (NMR) to Hold
Nomura Holdings Inc ADR (NYSE:NMR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Thursday.
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 research analysts have also recently issued reports about the stock. BidaskClub cut shares of Nomura Holdings Inc ADR from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. TheStreet upgraded shares of Nomura Holdings Inc ADR from a “d+” rating to a “c” rating in a report on Wednesday, May 24th. Finally, ValuEngine cut shares of Nomura Holdings Inc ADR from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $6.00.
Shares of Nomura Holdings Inc ADR (NMR) traded up 0.38% on Thursday, reaching $5.31. 273,604 shares of the company were exchanged. The company’s 50-day moving average is $5.74 and its 200-day moving average is $6.09. Nomura Holdings Inc ADR has a 52 week low of $4.29 and a 52 week high of $6.80. The company has a market capitalization of $18.84 billion, a price-to-earnings ratio of 8.44 and a beta of 1.59.
Nomura Holdings Inc ADR (NYSE:NMR) last posted its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.01. The company had revenue of $4.21 billion during the quarter. Nomura Holdings Inc ADR had a return on equity of 8.69% and a net margin of 15.47%. On average, equities analysts expect that Nomura Holdings Inc ADR will post $0.47 EPS for the current fiscal year.
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A number of institutional investors have recently modified their holdings of NMR. Stevens Capital Management LP bought a new position in Nomura Holdings Inc ADR during the 2nd quarter worth about $100,000. Sei Investments Co. grew its holdings in 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 acquiring an additional 619 shares in the last quarter. Fox Run Management L.L.C. bought a new position in Nomura Holdings Inc ADR during the 2nd quarter worth about $131,000. CIBC World Markets Inc. grew its holdings in Nomura Holdings Inc ADR by 12.9% during the 1st quarter. CIBC World Markets Inc. now owns 25,368 shares of the financial services provider’s stock worth $159,000 after acquiring an additional 2,892 shares in the last quarter. Finally, Ballentine Partners LLC grew its holdings in Nomura Holdings Inc ADR by 87.3% during the 1st quarter. Ballentine Partners LLC now owns 26,135 shares of the financial services provider’s stock worth $164,000 after acquiring an additional 12,182 shares in the last quarter. Institutional investors own 0.55% of the company’s stock.
Nomura Holdings Inc ADR Company Profile
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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