Nomura (NYSE:NMR) Hits New 52-Week High – Still a Buy?

Nomura Holdings Inc ADR (NYSE:NMR)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $10.60 and last traded at $10.5630, with a volume of 88949 shares. The stock had previously closed at $10.25.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NMR. Zacks Research raised Nomura from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Bank of America raised Nomura from a “neutral” rating to a “buy” rating and set a $10.20 target price for the company in a report on Thursday, June 25th. Weiss Ratings upgraded Nomura from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 17th. Nomura raised Nomura to a “buy” rating and set a $10.20 price target on the stock in a research note on Thursday, June 25th. Finally, Wall Street Zen upgraded Nomura from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $10.20.

Nomura Stock Up 0.4%

The firm has a fifty day moving average price of $9.73 and a 200 day moving average price of $8.80. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 8.06. The company has a market cap of $31.27 billion, a P/E ratio of 12.40, a PEG ratio of 1.15 and a beta of 0.70.

Nomura (NYSE:NMR) last released its quarterly earnings results on Tuesday, June 30th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $4.19 billion during the quarter. Nomura had a return on equity of 10.42% and a net margin of 8.09%. Equities research analysts forecast that Nomura Holdings Inc ADR will post 0.93 earnings per share for the current year.

Hedge Funds Weigh In On Nomura

Institutional investors have recently modified their holdings of the stock. Trust Point Inc. increased its holdings in shares of Nomura by 7.0% in the second quarter. Trust Point Inc. now owns 17,495 shares of the financial services provider’s stock valued at $154,000 after purchasing an additional 1,140 shares in the last quarter. Franklin Resources Inc. boosted its position in Nomura by 2.8% in the 4th quarter. Franklin Resources Inc. now owns 42,647 shares of the financial services provider’s stock valued at $358,000 after buying an additional 1,148 shares during the last quarter. Parallel Advisors LLC boosted its position in Nomura by 5.6% in the 4th quarter. Parallel Advisors LLC now owns 22,208 shares of the financial services provider’s stock valued at $186,000 after buying an additional 1,176 shares during the last quarter. Valeo Financial Advisors LLC increased its stake in shares of Nomura by 6.1% in the 4th quarter. Valeo Financial Advisors LLC now owns 21,392 shares of the financial services provider’s stock valued at $179,000 after buying an additional 1,231 shares during the period. Finally, Mayflower Financial Advisors LLC increased its stake in shares of Nomura by 10.9% in the 1st quarter. Mayflower Financial Advisors LLC now owns 13,834 shares of the financial services provider’s stock valued at $109,000 after buying an additional 1,361 shares during the period. 15.14% of the stock is owned by institutional investors.

Nomura Company Profile

Nomura Holdings, Inc is a global financial services group headquartered in Tokyo, Japan, with origins dating back to 1925 when Tokushichi Nomura II established the firm as a securities business. Over the decades Nomura has grown from a domestic securities house into a multinational financial services firm by expanding its product offerings and international footprint. The company is publicly listed and operates through a network of subsidiaries and branches to serve a broad client base.

Nomura’s principal businesses encompass retail brokerage, wholesale (investment banking and global markets), and asset management.