Nomura Holdings Inc ADR (NYSE:NMR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Saturday. The brokerage presently has a $6.25 price objective on the financial services provider’s stock. Zacks Investment Research‘s target price points to a potential upside of 12.41% 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. “

NMR has been the subject of a number of other reports. ValuEngine lowered shares of Nomura Holdings Inc ADR from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. TheStreet raised shares of Nomura Holdings Inc ADR from a “d+” rating to a “c” rating in a research note on Wednesday, May 24th. Finally, BidaskClub lowered shares of Nomura Holdings Inc ADR from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Nomura Holdings Inc ADR presently has a consensus rating of “Hold” and a consensus price target of $6.25.

Shares of Nomura Holdings Inc ADR (NYSE:NMR) opened at 5.56 on Friday. The company’s 50 day moving average price is $5.67 and its 200 day moving average price is $6.05. Nomura Holdings Inc ADR has a one year low of $4.29 and a one year high of $6.80. The stock has a market capitalization of $19.72 billion, a price-to-earnings ratio of 8.80 and a beta of 1.59.

Nomura Holdings Inc ADR (NYSE:NMR) last announced its earnings results on Friday, July 28th. The financial services provider reported $0.14 earnings per share 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, analysts expect that Nomura Holdings Inc ADR will post $0.47 earnings per share for the current fiscal year.

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A number of large investors have recently modified their holdings of the business. Fisher Asset Management LLC lifted its position in Nomura Holdings Inc ADR by 5.7% during the 2nd quarter. Fisher Asset Management LLC now owns 3,278,899 shares of the financial services provider’s stock worth $19,805,000 after buying an additional 177,576 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in Nomura Holdings Inc ADR by 7.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,678,739 shares of the financial services provider’s stock worth $16,180,000 after buying an additional 194,299 shares in the last quarter. Aperio Group LLC lifted its position in Nomura Holdings Inc ADR by 14.5% during the 2nd quarter. Aperio Group LLC now owns 2,131,357 shares of the financial services provider’s stock worth $12,873,000 after buying an additional 269,265 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Nomura Holdings Inc ADR by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,151,420 shares of the financial services provider’s stock worth $6,955,000 after buying an additional 6,200 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Nomura Holdings Inc ADR by 5.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,085,051 shares of the financial services provider’s stock worth $6,554,000 after buying an additional 53,481 shares in the last quarter. 0.55% of the stock is currently owned by hedge funds and other institutional investors.

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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