Nintendo Co. (NTDOY) Upgraded by Zacks Investment Research to “Buy”
Zacks Investment Research upgraded shares of Nintendo Co. (OTCMKTS:NTDOY) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning. The brokerage currently has $36.00 price target on the stock.
According to Zacks, “NINTENDO LTD is the acknowledged worldwide leader in the creation of interactive entertainment. Nintendo has created such industry icons as Mario and Donkey Kong and launched franchises like The Legend of Zelda and Pokémon. Nintendo manufactures and markets hardware and software for its popular home video game systems, including Nintendo 64 and Game Boy – the world’s best-selling video game system. “
A number of other research firms have also recently issued reports on NTDOY. JPMorgan Chase & Co. initiated coverage on shares of Nintendo in a report on Wednesday, June 8th. They set an overweight rating for the company. Deutsche Bank AG restated a hold rating on shares of Nintendo in a report on Tuesday, July 12th. Macquarie restated an outperform rating on shares of Nintendo in a report on Tuesday, July 12th. Jefferies Group restated a buy rating on shares of Nintendo in a report on Friday, July 15th. Finally, Credit Agricole SA restated a sell rating on shares of Nintendo in a report on Friday, July 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. Nintendo has an average rating of Buy and a consensus target price of $36.00.
Nintendo (OTCMKTS:NTDOY) opened at 32.18 on Tuesday. The stock’s 50 day moving average price is $31.20 and its 200 day moving average price is $23.52. Nintendo has a 12-month low of $15.34 and a 12-month high of $38.25. The company’s market capitalization is $30.93 billion.
An institutional investor recently raised its position in Nintendo stock. Parametric Portfolio Associates LLC increased its stake in shares of Nintendo Co. (OTCMKTS:NTDOY) by 6.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 278,277 shares of the company’s stock after buying an additional 17,031 shares during the period. Parametric Portfolio Associates LLC’s holdings in Nintendo were worth $4,948,000 at the end of the most recent reporting period. Institutional investors own 0.13% of the company’s stock.
Nintendo Company Profile
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