Nintendo Co. (OTCMKTS:NTDOY) Given Average Recommendation of “Moderate Buy” by Brokerages

Nintendo Co. (OTCMKTS:NTDOY) has been given a consensus rating of “Moderate Buy” by the six brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and two have issued a strong buy rating on the company.

Several equities analysts recently commented on NTDOY shares. Wedbush downgraded shares of Nintendo from an “outperform” rating to a “neutral” rating in a research note on Wednesday, September 17th. Freedom Capital upgraded shares of Nintendo from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 22nd. Finally, Wolfe Research cut shares of Nintendo from a “peer perform” rating to an “underperform” rating in a report on Wednesday, November 5th.

Hedge Funds Weigh In On Nintendo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC grew its holdings in shares of Nintendo by 76.1% during the 3rd quarter. Salomon & Ludwin LLC now owns 1,872 shares of the company’s stock worth $40,000 after purchasing an additional 809 shares in the last quarter. First Horizon Advisors Inc. lifted its position in Nintendo by 34.9% during the second quarter. First Horizon Advisors Inc. now owns 2,462 shares of the company’s stock worth $59,000 after purchasing an additional 637 shares during the period. PNC Financial Services Group Inc. grew its stake in Nintendo by 13.6% during the second quarter. PNC Financial Services Group Inc. now owns 6,040 shares of the company’s stock worth $145,000 after buying an additional 724 shares in the last quarter. Diversified Trust Co grew its stake in Nintendo by 18.6% during the third quarter. Diversified Trust Co now owns 11,980 shares of the company’s stock worth $260,000 after buying an additional 1,882 shares in the last quarter. Finally, Atlatl Advisers LLC bought a new position in Nintendo in the 3rd quarter valued at about $462,000. 0.02% of the stock is owned by institutional investors and hedge funds.

Nintendo Trading Up 2.7%

Shares of OTCMKTS NTDOY opened at $17.15 on Wednesday. The firm has a market cap of $89.09 billion, a P/E ratio of 32.36 and a beta of 0.59. The business’s 50 day moving average is $20.29 and its 200-day moving average is $21.58. Nintendo has a 1-year low of $13.94 and a 1-year high of $24.92.

Nintendo (OTCMKTS:NTDOY) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.07. The firm had revenue of $3.42 billion for the quarter, compared to analyst estimates of $464.35 billion. Nintendo had a return on equity of 12.26% and a net margin of 21.10%. Analysts forecast that Nintendo will post 0.44 EPS for the current year.

About Nintendo

Nintendo Co, Ltd., headquartered in Kyoto, Japan, is a global entertainment company best known for designing, manufacturing and marketing video game hardware and software. Founded in 1889 as a playing-card company, Nintendo transitioned into electronic entertainment in the latter half of the 20th century and has since become one of the most recognizable names in interactive entertainment. The company serves markets worldwide, with major operations and customer bases in Japan, North America and Europe, and it maintains a presence through regional subsidiaries, distribution partners and digital storefronts.

Nintendo’s business spans console and handheld hardware, first-party software titles, digital services and licensing.