Nomura Research Institute (OTCMKTS:NRILY) Upgraded by Jefferies Financial Group to Strong-Buy Rating

Nomura Research Institute (OTCMKTS:NRILY) was upgraded by research analysts at Jefferies Financial Group from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

NRILY has been the topic of a number of other reports. Zacks Research upgraded shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. Citigroup raised shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Nomura Research Institute presently has a consensus rating of “Moderate Buy”.

Nomura Research Institute Trading Up 1.2%

OTCMKTS NRILY opened at $26.95 on Wednesday. Nomura Research Institute has a one year low of $22.73 and a one year high of $43.20. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.08 and a quick ratio of 1.84. The firm has a market cap of $15.66 billion, a P/E ratio of 21.91, a P/E/G ratio of 1.79 and a beta of 0.73. The stock’s 50-day moving average is $30.20 and its 200-day moving average is $35.84.

Nomura Research Institute (OTCMKTS:NRILY) last issued its quarterly earnings data on Thursday, January 29th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. The business had revenue of $1.33 billion during the quarter. Nomura Research Institute had a return on equity of 22.45% and a net margin of 13.17%. Sell-side analysts anticipate that Nomura Research Institute will post 1.04 earnings per share for the current fiscal year.

About Nomura Research Institute

Nomura Research Institute, Ltd. (NRI) is a Tokyo-based provider of management consulting and information technology services. Founded in 1965, the firm combines industry research, strategic advisory and systems development to help corporate and public-sector clients address complex business and technology challenges. NRI is known for integrating consulting insight with large-scale system integration, outsourcing and software solutions to support digital transformation initiatives.

NRI’s core activities include management and IT consulting, system integration, application development, and IT outsourcing.