NINTENDO LTD/ADR (OTCMKTS:NTDOY) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of NINTENDO LTD/ADR (OTCMKTS:NTDOY) from a hold rating to a buy rating in a research note released on Tuesday morning, Zacks.com reports. The firm currently has $54.00 price objective on the stock.

According to Zacks, “NINTENDO LTD is the acknowledged worldwide leader in the creation of interactive entertainment. Nintendo has created such industry icons as Mario and Donkey Kong and launched franchises like The Legend of Zelda and Pokémon. Nintendo manufactures and markets hardware and software for its popular home video game systems, including Nintendo 64 and Game Boy – the world’s best-selling video game system. “

A number of other equities analysts have also recently weighed in on NTDOY. Wedbush upgraded NINTENDO LTD/ADR from a neutral rating to an outperform rating in a report on Wednesday, July 10th. Macquarie set a $155.00 price target on Deckers Outdoor and gave the stock a hold rating in a report on Tuesday, June 11th. ValuEngine upgraded Alleghany from a hold rating to a buy rating in a report on Friday, April 19th. Finally, Deutsche Bank restated a buy rating on shares of NINTENDO LTD/ADR in a report on Wednesday, March 27th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $54.00.

OTCMKTS NTDOY opened at $47.98 on Tuesday. The stock has a market cap of $45.72 billion, a PE ratio of 25.52 and a beta of 0.98. NINTENDO LTD/ADR has a twelve month low of $31.38 and a twelve month high of $48.68. The business’s fifty day simple moving average is $45.45.

A number of institutional investors have recently made changes to their positions in NTDOY. Parametric Portfolio Associates LLC raised its position in NINTENDO LTD/ADR by 5.5% in the 1st quarter. Parametric Portfolio Associates LLC now owns 646,397 shares of the company’s stock valued at $23,186,000 after purchasing an additional 33,655 shares in the last quarter. Campbell Capital Management Inc. acquired a new stake in NINTENDO LTD/ADR in the 4th quarter valued at about $559,000. Boston Common Asset Management LLC raised its position in shares of NINTENDO LTD/ADR by 11.8% during the 1st quarter. Boston Common Asset Management LLC now owns 25,365 shares of the company’s stock worth $904,000 after acquiring an additional 2,683 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of NINTENDO LTD/ADR by 18.8% during the 1st quarter. Quadrant Capital Group LLC now owns 14,352 shares of the company’s stock worth $507,000 after acquiring an additional 2,274 shares in the last quarter. Finally, Intercontinental Wealth Advisors LLC acquired a new stake in shares of NINTENDO LTD/ADR during the 1st quarter worth about $25,000. Institutional investors own 0.15% of the company’s stock.

NINTENDO LTD/ADR Company Profile

Nintendo Co, Ltd., together with its subsidiaries, develops, manufactures, and sells electronic entertainment products in Japan, the United States, Europe, Australia, Asia, and internationally. It provides video game platforms, playing cards, Karuta, and other products; and handheld and home console hardware and related software.

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