Nomura (NMR) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Nomura (NYSE:NMR) from a buy rating to a hold rating in a research report sent to investors 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. “

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Other analysts have also issued research reports about the company. ValuEngine lowered Nomura from a buy rating to a hold rating in a report on Monday, April 2nd. JPMorgan Chase upgraded Nomura from a neutral rating to an overweight rating in a report on Friday, January 5th. Finally, Goldman Sachs upgraded Nomura from a neutral rating to a buy rating in a report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $6.50.

Nomura stock opened at $5.75 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 5.69. The firm has a market cap of $20,069.67, a price-to-earnings ratio of 9.14, a P/E/G ratio of 5.90 and a beta of 1.75. Nomura has a twelve month low of $5.28 and a twelve month high of $6.83.

Nomura (NYSE:NMR) last posted its earnings results on Thursday, February 1st. The financial services provider reported $0.22 earnings per share for the quarter. The company had revenue of $4.70 billion during the quarter. Nomura had a return on equity of 8.79% and a net margin of 14.22%. analysts anticipate that Nomura will post 0.65 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of NMR. Investors Research Corp purchased a new stake in shares of Nomura during the 4th quarter valued at $189,000. Greenleaf Trust lifted its holdings in shares of Nomura by 46.0% during the 4th quarter. Greenleaf Trust now owns 34,278 shares of the financial services provider’s stock valued at $199,000 after purchasing an additional 10,798 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Nomura during the 4th quarter valued at $201,000. Geode Capital Management LLC lifted its holdings in shares of Nomura by 71.8% during the 4th quarter. Geode Capital Management LLC now owns 36,753 shares of the financial services provider’s stock valued at $213,000 after purchasing an additional 15,357 shares during the last quarter. Finally, M&T Bank Corp purchased a new stake in shares of Nomura during the 4th quarter valued at $347,000. Hedge funds and other institutional investors own 0.77% of the company’s stock.

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About Nomura

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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