Nintendo Co. (OTCMKTS:NTDOY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Nintendo Co. (OTCMKTS:NTDOY) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company.

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

Nintendo Stock Performance

Shares of OTCMKTS:NTDOY opened at $16.85 on Wednesday. The firm has a market capitalization of $87.53 billion, a PE ratio of 31.79 and a beta of 0.59. Nintendo has a 52-week low of $13.94 and a 52-week high of $24.92. The firm has a fifty day moving average of $20.11 and a 200 day moving average of $21.53.

Nintendo (OTCMKTS:NTDOY) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.07. The firm had revenue of $3.42 billion during 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%. On average, sell-side analysts forecast that Nintendo will post 0.44 EPS for the current fiscal year.

Institutional Trading of Nintendo

Large investors have recently modified their holdings of the business. Salomon & Ludwin LLC raised its position in Nintendo by 76.1% during the 3rd quarter. Salomon & Ludwin LLC now owns 1,872 shares of the company’s stock valued at $40,000 after purchasing an additional 809 shares during the last quarter. First Horizon Advisors Inc. increased its stake in shares of Nintendo by 34.9% during the second quarter. First Horizon Advisors Inc. now owns 2,462 shares of the company’s stock valued at $59,000 after buying an additional 637 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Nintendo by 13.6% during the second quarter. PNC Financial Services Group Inc. now owns 6,040 shares of the company’s stock valued at $145,000 after acquiring an additional 724 shares in the last quarter. Diversified Trust Co lifted its stake in Nintendo by 18.6% in the third quarter. Diversified Trust Co now owns 11,980 shares of the company’s stock worth $260,000 after acquiring an additional 1,882 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Nintendo by 27.0% in the second quarter. GAMMA Investing LLC now owns 20,400 shares of the company’s stock worth $490,000 after acquiring an additional 4,338 shares during the period. 0.02% of the stock is owned by institutional investors.

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.