Nomura (NYSE:NMR) Hits New 1-Year High – Still a Buy?

Shares of Nomura Holdings Inc ADR (NYSE:NMR) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $9.59 and last traded at $9.5650, with a volume of 667980 shares. The stock had previously closed at $9.45.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NMR. JPMorgan Chase & Co. raised Nomura from a “neutral” rating to an “overweight” rating in a research note on Thursday, March 19th. Bank of America upgraded shares of Nomura from a “neutral” rating to a “buy” rating and set a $10.20 price objective on the stock in a research note on Thursday, June 25th. Nomura upgraded shares of Nomura to a “buy” rating and set a $10.20 target price for the company in a research report on Thursday, June 25th. Finally, Weiss Ratings downgraded shares of Nomura from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $10.20.

Nomura Trading Up 1.3%

The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 7.38. The firm has a 50-day moving average price of $8.46 and a 200-day moving average price of $8.51. The company has a market capitalization of $28.09 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 2.71 and a beta of 0.69.

Nomura (NYSE:NMR) last announced its earnings results on Friday, April 24th. The financial services provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.05). The firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.43 billion. Nomura had a net margin of 7.64% and a return on equity of 9.70%. As a group, sell-side analysts predict that Nomura Holdings Inc ADR will post 0.8 EPS for the current year.

Hedge Funds Weigh In On Nomura

Hedge funds have recently made changes to their positions in the business. Trust Point Inc. raised its holdings in shares of Nomura by 7.0% in the 2nd quarter. Trust Point Inc. now owns 17,495 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 1,140 shares in the last quarter. Franklin Resources Inc. grew its position in Nomura by 2.8% in the fourth quarter. Franklin Resources Inc. now owns 42,647 shares of the financial services provider’s stock worth $358,000 after buying an additional 1,148 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Nomura by 5.6% in the fourth quarter. Parallel Advisors LLC now owns 22,208 shares of the financial services provider’s stock valued at $186,000 after buying an additional 1,176 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in shares of Nomura by 6.1% during the 4th quarter. Valeo Financial Advisors LLC now owns 21,392 shares of the financial services provider’s stock valued at $179,000 after acquiring an additional 1,231 shares during the last quarter. Finally, Mayflower Financial Advisors LLC lifted its position in shares of Nomura by 10.9% during the 1st quarter. Mayflower Financial Advisors LLC now owns 13,834 shares of the financial services provider’s stock valued at $109,000 after acquiring an additional 1,361 shares during the last quarter. Institutional investors and hedge funds own 15.14% of the company’s stock.

Nomura Company Profile

Nomura Holdings, Inc is a global financial services group headquartered in Tokyo, Japan, with origins dating back to 1925 when Tokushichi Nomura II established the firm as a securities business. Over the decades Nomura has grown from a domestic securities house into a multinational financial services firm by expanding its product offerings and international footprint. The company is publicly listed and operates through a network of subsidiaries and branches to serve a broad client base.

Nomura’s principal businesses encompass retail brokerage, wholesale (investment banking and global markets), and asset management.