Zacks Investment Research downgraded shares of Nomura (NYSE:NMR) from a buy rating to a hold rating in a research note published on Wednesday.
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. “
Several other brokerages have also recently issued reports on NMR. Goldman Sachs raised Nomura from a neutral rating to a buy rating in a research note on Friday, January 19th. JPMorgan Chase raised Nomura from a neutral rating to an overweight rating in a research note on Friday, January 5th. Finally, ValuEngine cut Nomura from a buy rating to a hold rating in a research note on Monday, April 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $6.50.
Shares of NYSE:NMR opened at $5.75 on Wednesday. Nomura has a 52-week low of $5.28 and a 52-week high of $6.83. The company has a market capitalization of $20,069.67, a P/E ratio of 9.14, a PEG ratio of 5.90 and a beta of 1.75. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 5.69.
Nomura (NYSE:NMR) last announced its quarterly earnings data on Thursday, February 1st. The financial services provider reported $0.22 earnings per share (EPS) for the quarter. Nomura had a return on equity of 8.79% and a net margin of 14.22%. The company had revenue of $4.70 billion for the quarter. equities research analysts predict that Nomura will post 0.65 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of NMR. Parametric Portfolio Associates LLC lifted its holdings in Nomura by 2.9% during the third quarter. Parametric Portfolio Associates LLC now owns 2,729,998 shares of the financial services provider’s stock worth $15,206,000 after buying an additional 76,685 shares during the period. Fisher Asset Management LLC lifted its holdings in Nomura by 87.7% during the fourth quarter. Fisher Asset Management LLC now owns 8,108,584 shares of the financial services provider’s stock worth $47,192,000 after buying an additional 3,788,844 shares during the period. Duff & Phelps Investment Management Co. purchased a new stake in Nomura during the fourth quarter worth $6,486,000. Lourd Capital LLC purchased a new stake in Nomura during the fourth quarter worth $436,000. Finally, Aperio Group LLC lifted its holdings in Nomura by 4.9% during the fourth quarter. Aperio Group LLC now owns 2,064,957 shares of the financial services provider’s stock worth $12,018,000 after buying an additional 95,636 shares during the period. Institutional investors own 0.77% of the company’s stock.
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Nomura Company Profile
Nomura Holdings, Inc provides various financial services to individuals, corporations, financial institutions, governments, and governmental agencies worldwide. It operates through three segments: Retail, Asset Management, and Wholesale. The Retail segment offers various financial products and investment services for individuals and corporations.
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