Analysts Set Nomura Holdings Inc ADR (NYSE:NMR) Target Price at $10.20

Shares of Nomura Holdings Inc ADR (NYSE:NMR) have received an average recommendation of “Buy” from the five research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $10.20.

A number of brokerages have issued reports on NMR. Bank of America raised Nomura from a “neutral” rating to a “buy” rating and set a $10.20 price target for the company in a research note on Thursday, June 25th. Weiss Ratings upgraded Nomura from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 17th. Nomura raised Nomura to a “buy” rating and set a $10.20 target price for the company in a research note on Thursday, June 25th. Zacks Research upgraded shares of Nomura from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Finally, Wall Street Zen raised shares of Nomura from a “hold” rating to a “buy” rating in a report on Saturday, August 1st.

Institutional Trading of Nomura

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fisher Asset Management LLC lifted its holdings in shares of Nomura by 32.4% during the fourth quarter. Fisher Asset Management LLC now owns 13,151,514 shares of the financial services provider’s stock valued at $110,341,000 after purchasing an additional 3,221,008 shares during the last quarter. Renaissance Technologies LLC increased its stake in Nomura by 27.0% in the 1st quarter. Renaissance Technologies LLC now owns 2,312,237 shares of the financial services provider’s stock worth $18,244,000 after purchasing an additional 491,400 shares in the last quarter. Quantinno Capital Management LP increased its stake in Nomura by 18.4% in the 1st quarter. Quantinno Capital Management LP now owns 2,547,208 shares of the financial services provider’s stock worth $20,097,000 after purchasing an additional 395,656 shares in the last quarter. Donald Smith & CO. Inc. raised its holdings in Nomura by 2.2% during the 4th quarter. Donald Smith & CO. Inc. now owns 12,695,534 shares of the financial services provider’s stock worth $106,516,000 after buying an additional 274,787 shares during the period. Finally, Sequoia Financial Advisors LLC raised its holdings in Nomura by 236.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 166,873 shares of the financial services provider’s stock worth $1,317,000 after buying an additional 117,233 shares during the period. 15.14% of the stock is currently owned by institutional investors.

Nomura Trading Down 1.9%

Shares of NYSE:NMR opened at $9.95 on Friday. The company has a 50 day moving average of $10.00 and a 200-day moving average of $8.91. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 8.06. The firm has a market cap of $29.18 billion, a P/E ratio of 11.56, a P/E/G ratio of 1.15 and a beta of 0.70. Nomura has a twelve month low of $6.71 and a twelve month high of $10.94.

Nomura (NYSE:NMR) last posted its quarterly earnings data on Tuesday, June 30th. The financial services provider reported $0.30 EPS for the quarter. Nomura had a net margin of 8.09% and a return on equity of 10.42%. The business had revenue of $4.19 billion for the quarter. As a group, analysts anticipate that Nomura will post 0.98 earnings per share for the current fiscal year.

Nomura Company Profile

Nomura Holdings, Inc is a Japan-based financial services group and the parent company of Nomura Securities Co, Ltd. Its businesses serve individual investors, corporations, financial institutions, governments and other organizations through a range of investment and advisory services.

The company operates through three primary areas: retail, which provides wealth management, investment products and financial advice; investment management, which offers asset management and investment advisory services; and wholesale, which includes investment banking, equity and fixed-income sales and trading, research, and related capital-markets services.