Nomura Holdings Inc ADR (NMR) Rating Increased to Buy at Zacks Investment Research

Nomura Holdings Inc ADR (NYSE:NMR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, August 1st. The brokerage currently has a $6.75 price objective on the financial services provider’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 17.80% from the company’s current price.

According to Zacks, “NOMURA HLDG-ADR is a leading financial services group in Japan and has worldwide operations, providing a wide range of value-added financial services and competitive products. These include brokerage, trading, underwriting, M&A financial advisory services, merchant banking, and development and management of investment trusts and investment advisory services to diversified clients such as individuals, corporations, financial institutions, governments and governmental agencies. “

A number of other research firms have also recently issued reports on NMR. Bank of America Corporation cut shares of Nomura Holdings Inc ADR from a “buy” rating to a “neutral” rating in a research report on Thursday, April 6th. TheStreet upgraded shares of Nomura Holdings Inc ADR from a “d+” rating to a “c” rating in a research report on Wednesday, May 24th. Finally, BidaskClub cut shares of Nomura Holdings Inc ADR from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Nomura Holdings Inc ADR presently has a consensus rating of “Hold” and a consensus target price of $6.75.

Shares of Nomura Holdings Inc ADR (NYSE:NMR) traded up 0.70% on Tuesday, hitting $5.73. 285,449 shares of the stock traded hands. The firm has a market cap of $20.33 billion, a P/E ratio of 9.20 and a beta of 1.56. Nomura Holdings Inc ADR has a 52 week low of $4.29 and a 52 week high of $6.80. The stock has a 50-day moving average price of $5.93 and a 200 day moving average price of $6.21.

Nomura Holdings Inc ADR (NYSE:NMR) last issued its earnings results on Friday, July 28th. The financial services provider reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $4.21 billion during the quarter. Nomura Holdings Inc ADR had a return on equity of 8.69% and a net margin of 15.47%. Equities research analysts predict that Nomura Holdings Inc ADR will post $0.47 EPS for the current fiscal year.

Nomura Holdings Inc ADR announced that its board has approved a stock repurchase program on Thursday, April 27th that allows the company to buyback 100,000,000 outstanding shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

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A number of large investors have recently bought and sold shares of NMR. Sei Investments Co. raised its stake in Nomura Holdings Inc ADR by 3.1% in the first quarter. Sei Investments Co. now owns 20,874 shares of the financial services provider’s stock valued at $131,000 after buying an additional 619 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Nomura Holdings Inc ADR by 9.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,031,570 shares of the financial services provider’s stock valued at $6,468,000 after buying an additional 90,318 shares during the last quarter. Greenleaf Trust raised its stake in Nomura Holdings Inc ADR by 41.8% in the first quarter. Greenleaf Trust now owns 27,030 shares of the financial services provider’s stock valued at $169,000 after buying an additional 7,974 shares during the last quarter. Wetherby Asset Management Inc. raised its stake in Nomura Holdings Inc ADR by 6.8% in the second quarter. Wetherby Asset Management Inc. now owns 128,697 shares of the financial services provider’s stock valued at $777,000 after buying an additional 8,171 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in Nomura Holdings Inc ADR during the second quarter valued at approximately $131,000. 0.62% of the stock is currently owned by institutional investors and hedge funds.

About Nomura Holdings Inc ADR

Nomura Holdings, Inc (Nomura) is a financial services company. The Company, through its broker-dealer, banking and other financial services subsidiaries, provide investment, financing and related services to individual, institutional and government clients across the world. The Company’s segments include Retail, Asset Management and Wholesale.

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