Nomura (NMR) Upgraded at Zacks Investment Research

Nomura (NYSE:NMR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Friday. The brokerage presently has a $6.75 price target on the financial services provider’s stock. Zacks Investment Research‘s price target points to a potential upside of 18.84% from the company’s previous close.

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. “

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Several other research analysts have also recently weighed in on the company. Goldman Sachs upgraded Nomura from a “neutral” rating to a “buy” rating in a report on Friday, January 19th. JPMorgan Chase & Co. upgraded Nomura from a “neutral” rating to an “overweight” rating in a report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Nomura currently has a consensus rating of “Hold” and an average target price of $6.75.

Nomura (NYSE:NMR) opened at $5.68 on Friday. The firm has a market capitalization of $19,795.21, a P/E ratio of 8.88, a PEG ratio of 5.55 and a beta of 1.78. Nomura has a twelve month low of $5.28 and a twelve month high of $6.83. 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 issued its earnings results on Thursday, February 1st. The financial services provider reported $0.22 earnings per share for the quarter. The business had revenue of $4.70 billion for the quarter. Nomura had a return on equity of 8.79% and a net margin of 14.22%. research analysts predict that Nomura will post 0.65 earnings per share for the current year.

Several institutional investors have recently modified their holdings of NMR. Parametric Portfolio Associates LLC boosted its holdings in shares of Nomura by 2.9% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,729,998 shares of the financial services provider’s stock worth $15,206,000 after purchasing an additional 76,685 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Nomura by 87.7% during the 4th quarter. Fisher Asset Management LLC now owns 8,108,584 shares of the financial services provider’s stock worth $47,192,000 after purchasing an additional 3,788,844 shares during the last quarter. Duff & Phelps Investment Management Co. acquired a new position in shares of Nomura during the 4th quarter worth approximately $6,486,000. Lourd Capital LLC acquired a new position in Nomura in the fourth quarter valued at approximately $436,000. Finally, Aperio Group LLC lifted its holdings in Nomura by 4.9% in the fourth quarter. Aperio Group LLC now owns 2,064,957 shares of the financial services provider’s stock valued at $12,018,000 after acquiring an additional 95,636 shares during the last quarter. Institutional investors and hedge funds own 0.77% of the company’s stock.

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About Nomura

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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