Nomura (NYSE:NMR) Hits New 52-Week High – Still a Buy?

Nomura Holdings Inc ADR (NYSE:NMR)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $10.79 and last traded at $10.6490, with a volume of 873143 shares trading hands. The stock had previously closed at $10.65.

Analysts Set New Price Targets

A number of equities research analysts recently commented on NMR shares. Bank of America upgraded shares of Nomura from a “neutral” rating to a “buy” rating and set a $10.20 price target for the company in a report on Thursday, June 25th. Weiss Ratings upgraded shares of Nomura from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 17th. Nomura upgraded shares of Nomura to a “buy” rating and set a $10.20 target price for the company in a report on Thursday, June 25th. Zacks Research raised Nomura from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Finally, Wall Street Zen upgraded Nomura from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $10.20.

Nomura Trading Down 0.0%

The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 8.06. The firm’s fifty day moving average is $9.80 and its two-hundred day moving average is $8.81. The firm has a market cap of $31.24 billion, a P/E ratio of 12.38, a PEG ratio of 1.15 and a beta of 0.70.

Nomura (NYSE:NMR) last posted its earnings results on Tuesday, June 30th. The financial services provider reported $0.30 EPS 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%. Analysts predict that Nomura Holdings Inc ADR will post 0.93 earnings per share for the current fiscal year.

Institutional Trading of Nomura

Several large investors have recently bought and sold shares of the company. NewEdge Advisors LLC grew its holdings in shares of Nomura by 11,598.7% during the 2nd quarter. NewEdge Advisors LLC now owns 18,367 shares of the financial services provider’s stock worth $161,000 after acquiring an additional 18,210 shares during the period. Allworth Financial LP grew its stake in Nomura by 84.5% in the second quarter. Allworth Financial LP now owns 7,864 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 3,601 shares during the period. Corient Private Wealth LP raised its holdings in Nomura by 9.7% in the second quarter. Corient Private Wealth LP now owns 114,118 shares of the financial services provider’s stock worth $1,002,000 after purchasing an additional 10,088 shares in the last quarter. HB Wealth Management LLC raised its holdings in Nomura by 8.5% in the second quarter. HB Wealth Management LLC now owns 29,083 shares of the financial services provider’s stock worth $255,000 after purchasing an additional 2,289 shares in the last quarter. Finally, Angeles Wealth Management LLC purchased a new position in Nomura during the second quarter valued at $107,000. 15.14% of the stock is owned by institutional investors.

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.