NINTENDO LTD/ADR (OTCMKTS:NTDOY) Receives Average Recommendation of “Hold” from Brokerages

Shares of NINTENDO LTD/ADR (OTCMKTS:NTDOY) have been assigned an average rating of “Hold” from the six research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $58.77.

NTDOY has been the topic of a number of research reports. ValuEngine downgraded NINTENDO LTD/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, July 2nd. Jefferies Financial Group downgraded NINTENDO LTD/ADR from a “buy” rating to a “hold” rating and set a $57.54 price objective for the company. in a research note on Friday, May 8th. Wedbush downgraded NINTENDO LTD/ADR from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 24th. Finally, Zacks Investment Research raised NINTENDO LTD/ADR from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Saturday, June 13th.

Several hedge funds have recently added to or reduced their stakes in NTDOY. Parametric Portfolio Associates LLC grew its holdings in shares of NINTENDO LTD/ADR by 8.0% in the first quarter. Parametric Portfolio Associates LLC now owns 877,267 shares of the company’s stock valued at $42,354,000 after acquiring an additional 65,348 shares in the last quarter. Botty Investors LLC bought a new position in shares of NINTENDO LTD/ADR in the first quarter valued at approximately $594,000. Victory Capital Management Inc. bought a new position in shares of NINTENDO LTD/ADR in the fourth quarter valued at approximately $321,000. FinTrust Capital Advisors LLC bought a new position in NINTENDO LTD/ADR during the first quarter valued at $193,000. Finally, Eudaimonia Partners LLC bought a new position in NINTENDO LTD/ADR during the first quarter valued at $139,000. 0.13% of the stock is owned by institutional investors.

NTDOY stock opened at $58.78 on Friday. The stock’s 50 day simple moving average is $54.25 and its 200 day simple moving average is $49.66. NINTENDO LTD/ADR has a fifty-two week low of $35.82 and a fifty-two week high of $60.00. The company has a market cap of $61.92 billion, a P/E ratio of 23.51, a price-to-earnings-growth ratio of 5.79 and a beta of 0.58.

NINTENDO LTD/ADR (OTCMKTS:NTDOY) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.41. NINTENDO LTD/ADR had a return on equity of 17.72% and a net margin of 19.77%. The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.11 billion. Equities analysts predict that NINTENDO LTD/ADR will post 2.64 EPS for the current year.

About NINTENDO LTD/ADR

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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