Nomura (NYSE:NMR) Sets New 52-Week High – Should You Buy?

Nomura Holdings Inc ADR (NYSE:NMR)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $8.50 and last traded at $8.3950, with a volume of 1483701 shares changing hands. The stock had previously closed at $8.29.

Analysts Set New Price Targets

A number of research firms recently commented on NMR. Zacks Research upgraded Nomura from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Nomura in a research note on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Nomura Stock Performance

The firm has a market cap of $24.82 billion, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 4.50 and a beta of 0.69. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 7.71. The stock’s 50 day moving average is $7.31 and its 200 day moving average is $7.00.

Nomura (NYSE:NMR) last issued its quarterly earnings data on Tuesday, October 28th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05. Nomura had a return on equity of 10.23% and a net margin of 8.07%.The company had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Analysts anticipate that Nomura Holdings Inc ADR will post 0.76 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. NewSquare Capital LLC boosted its position in shares of Nomura by 288.5% in the second quarter. NewSquare Capital LLC now owns 4,402 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 3,269 shares during the period. MAI Capital Management raised its stake in Nomura by 1,562.0% in the 2nd quarter. MAI Capital Management now owns 6,000 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 5,639 shares in the last quarter. Osaic Holdings Inc. raised its stake in Nomura by 1,019.0% in the 2nd quarter. Osaic Holdings Inc. now owns 6,434 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 5,859 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in Nomura by 196.5% in the 3rd quarter. Global Retirement Partners LLC now owns 6,588 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 4,366 shares during the period. Finally, Parkside Financial Bank & Trust grew its position in shares of Nomura by 467.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 7,442 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 6,130 shares in the last quarter. Institutional investors own 15.14% of the company’s stock.

Nomura Company Profile

Nomura Holdings, Inc provides various financial services to individuals, corporations, financial institutions, governments, and governmental agencies worldwide. It operates through three segments: Retail, Investment Management, and Wholesale. The Retail segment offers various financial products and investment consultation services.