Zacks Investment Research Lowers Nomura (NYSE:NMR) to Hold

Zacks Investment Research lowered shares of Nomura (NYSE:NMR) from a buy rating to a hold rating in a research note issued to investors on Thursday, Zacks.com reports.

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 equities analysts have also issued reports on the stock. Nomura raised shares of Nomura from a hold rating to a buy rating in a research report on Friday, June 19th. Jefferies Financial Group raised shares of Nomura from a hold rating to a buy rating in a research report on Friday, June 19th. Finally, Goldman Sachs Group raised shares of Nomura from a sell rating to a neutral rating in a research report on Friday, June 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Nomura presently has a consensus rating of Hold and a consensus target price of $5.25.

NMR opened at $4.69 on Thursday. Nomura has a 12-month low of $3.34 and a 12-month high of $5.41. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 5.83. The firm has a market capitalization of $14.50 billion, a PE ratio of 5.33, a P/E/G ratio of 0.11 and a beta of 0.98. The firm has a 50 day moving average of $4.52 and a two-hundred day moving average of $4.44.

Nomura (NYSE:NMR) last posted its quarterly earnings results on Friday, May 8th. The financial services provider reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.19). Nomura had a return on equity of 10.97% and a net margin of 15.61%. The business had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $2.67 billion. As a group, analysts predict that Nomura will post 0.81 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. Sontag Advisory LLC acquired a new stake in Nomura during the 1st quarter worth $44,000. Moody National Bank Trust Division acquired a new stake in Nomura during the 1st quarter worth $49,000. Sequoia Financial Advisors LLC acquired a new stake in Nomura during the 1st quarter worth $49,000. Clarius Group LLC boosted its stake in Nomura by 33.5% during the 1st quarter. Clarius Group LLC now owns 14,014 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 3,519 shares during the last quarter. Finally, Checchi Capital Advisers LLC boosted its stake in Nomura by 22.8% during the 1st quarter. Checchi Capital Advisers LLC now owns 15,892 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 2,952 shares during the last quarter. 0.90% of the stock is owned by hedge funds and other institutional investors.

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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