Nomura (NYSE:NMR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Nomura (NYSE:NMR) from a hold rating to a buy rating in a report issued on Sunday morning,Wall Street Zen reports.

Several other research analysts also recently commented on NMR. Weiss Ratings raised Nomura from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 17th. 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. Nomura upgraded Nomura to a “buy” rating and set a $10.20 price objective for the company in a research report on Thursday, June 25th. Finally, Zacks Research raised Nomura from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. One equities research 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 company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $10.20.

Nomura Price Performance

Shares of NYSE:NMR opened at $9.79 on Friday. The firm has a market cap of $28.71 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 1.10 and a beta of 0.74. The firm’s fifty day moving average is $10.03 and its 200-day moving average is $9.07. The company has a debt-to-equity ratio of 8.06, a quick ratio of 2.00 and a current ratio of 2.00. Nomura has a 52 week low of $6.71 and a 52 week high of $10.94.

Nomura (NYSE:NMR) last issued its quarterly earnings data on Tuesday, June 30th. The financial services provider reported $0.30 earnings per share for the quarter. The company had revenue of $4.19 billion for the quarter. Nomura had a net margin of 8.09% and a return on equity of 10.42%. Sell-side analysts predict that Nomura will post 0.98 earnings per share for the current year.

Institutional Trading of Nomura

A number of institutional investors have recently bought and sold shares of NMR. Renaissance Technologies LLC boosted its position in shares of Nomura by 27.0% during 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 position 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 valued at $20,097,000 after buying an additional 395,656 shares in the last quarter. Donald Smith & CO. Inc. raised its stake 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. Sequoia Financial Advisors LLC raised its stake 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. Finally, Vise Technologies Inc. raised its stake in Nomura by 227.7% during the 2nd quarter. Vise Technologies Inc. now owns 153,947 shares of the financial services provider’s stock worth $1,352,000 after buying an additional 106,974 shares during the period. Institutional investors own 15.14% of the company’s stock.

About Nomura

Nomura Holdings, Inc is a Japan-based financial services group headquartered in Tokyo. Through its subsidiaries, including Nomura Securities Co, Ltd., the company provides investment, financing and advisory services to individuals, corporations, financial institutions and governments.

Nomura’s principal businesses include retail wealth management, investment management and wholesale services. Its wholesale operations offer investment banking, equity and fixed-income sales and trading, research, securities underwriting, mergers and acquisitions advice, and other capital-markets services.