Nomura Holdings Inc ADR (NYSE:NMR) Receives $10.20 Average Price Target from Brokerages

Shares of Nomura Holdings Inc ADR (NYSE:NMR) have earned an average recommendation of “Buy” from the five research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $10.20.

A number of equities research analysts have commented on the stock. Nomura raised 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. Bank of America raised Nomura from a “neutral” rating to a “buy” rating and set a $10.20 price target on the stock in a report on Thursday, June 25th. Zacks Research upgraded Nomura from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Weiss Ratings raised Nomura from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 17th. Finally, Wall Street Zen upgraded Nomura from a “hold” rating to a “buy” rating in a research report on Saturday.

Nomura Stock Performance

Shares of NMR stock opened at $9.59 on Friday. The company has a 50 day moving average price of $9.07 and a 200-day moving average price of $8.65. Nomura has a 52 week low of $6.70 and a 52 week high of $10.06. The firm has a market capitalization of $28.12 billion, a PE ratio of 11.15, a P/E/G ratio of 1.05 and a beta of 0.69. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 8.06.

Nomura (NYSE:NMR) last released its quarterly earnings data on Tuesday, June 30th. The financial services provider reported $0.30 earnings per share for the quarter. The firm had revenue of $4.19 billion during the quarter. Nomura had a net margin of 8.09% and a return on equity of 10.42%. As a group, equities research analysts expect that Nomura will post 0.93 earnings per share for the current year.

Institutional Investors Weigh In On Nomura

A number of large investors have recently made changes to their positions in NMR. Fisher Asset Management LLC lifted its stake in shares of Nomura by 32.4% in the 4th quarter. Fisher Asset Management LLC now owns 13,151,514 shares of the financial services provider’s stock worth $110,341,000 after purchasing an additional 3,221,008 shares during the period. Donald Smith & CO. Inc. grew its position in Nomura by 2.2% during the fourth quarter. Donald Smith & CO. Inc. now owns 12,695,534 shares of the financial services provider’s stock valued at $106,516,000 after buying an additional 274,787 shares during the period. Morgan Stanley increased its holdings in Nomura by 7.0% during the fourth quarter. Morgan Stanley now owns 9,815,360 shares of the financial services provider’s stock valued at $82,351,000 after buying an additional 638,424 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Nomura by 3.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,229,415 shares of the financial services provider’s stock valued at $43,875,000 after buying an additional 175,201 shares during the last quarter. Finally, Quantinno Capital Management LP raised its position in Nomura by 18.4% in the first quarter. Quantinno Capital Management LP now owns 2,547,208 shares of the financial services provider’s stock worth $20,097,000 after acquiring an additional 395,656 shares during the period. 15.14% of the stock is currently owned by institutional investors.

About Nomura

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.