Nintendo (OTCMKTS:NTDOY) Rating Increased to Strong-Buy at Freedom Capital

Freedom Capital upgraded shares of Nintendo (OTCMKTS:NTDOY) from a hold rating to a strong-buy rating in a research report report published on Monday,Zacks.com reports.

Other equities analysts have also issued research reports about the company. Wedbush lowered Nintendo from an “outperform” rating to a “neutral” rating in a report on Wednesday, September 17th. Wolfe Research downgraded Nintendo from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Nintendo Price Performance

Shares of Nintendo stock opened at $16.70 on Monday. Nintendo has a 52 week low of $13.94 and a 52 week high of $24.92. The firm’s 50 day moving average is $20.51 and its two-hundred day moving average is $21.66. The firm has a market capitalization of $86.75 billion, a P/E ratio of 31.51 and a beta of 0.59.

Nintendo (OTCMKTS:NTDOY) last issued its earnings results on Tuesday, November 4th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.07. Nintendo had a net margin of 21.10% and a return on equity of 12.26%. The business had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $464.35 billion. As a group, research analysts expect that Nintendo will post 0.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nintendo

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dorsey Wright & Associates acquired a new position in Nintendo in the 3rd quarter valued at about $1,562,000. PNC Financial Services Group Inc. grew its stake in shares of Nintendo by 30.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,891 shares of the company’s stock valued at $168,000 after purchasing an additional 1,851 shares during the last quarter. AdvisorShares Investments LLC acquired a new position in shares of Nintendo in the third quarter valued at approximately $1,052,000. Appleton Partners Inc. MA increased its holdings in shares of Nintendo by 0.7% in the third quarter. Appleton Partners Inc. MA now owns 127,279 shares of the company’s stock valued at $2,716,000 after purchasing an additional 837 shares during the period. Finally, Atlatl Advisers LLC purchased a new stake in shares of Nintendo during the third quarter worth approximately $462,000. Hedge funds and other institutional investors own 0.02% of the company’s stock.

About Nintendo

Nintendo Co, Ltd., headquartered in Kyoto, Japan, is a global entertainment company best known for designing, manufacturing and marketing video game hardware and software. Founded in 1889 as a playing-card company, Nintendo transitioned into electronic entertainment in the latter half of the 20th century and has since become one of the most recognizable names in interactive entertainment. The company serves markets worldwide, with major operations and customer bases in Japan, North America and Europe, and it maintains a presence through regional subsidiaries, distribution partners and digital storefronts.

Nintendo’s business spans console and handheld hardware, first-party software titles, digital services and licensing.