Wedbush Upgrades NINTENDO LTD/ADR (OTCMKTS:NTDOY) to “Outperform”

NINTENDO LTD/ADR (OTCMKTS:NTDOY) was upgraded by research analysts at Wedbush from a “neutral” rating to an “outperform” rating in a report released on Wednesday, The Fly reports. Wedbush also issued estimates for NINTENDO LTD/ADR’s Q1 2020 earnings at $0.23 EPS, Q1 2021 earnings at $0.32 EPS, Q2 2021 earnings at $0.52 EPS, Q3 2021 earnings at $1.05 EPS and Q4 2021 earnings at $0.38 EPS.

Several other research firms have also recently weighed in on NTDOY. Deutsche Bank reiterated a “buy” rating on shares of NINTENDO LTD/ADR in a research report on Wednesday, March 27th. Macquarie set a $155.00 price objective on shares of Deckers Outdoor and gave the stock a “hold” rating in a research report on Tuesday, June 11th. Zacks Investment Research cut shares of German American Bancorp. from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Finally, ValuEngine upgraded shares of Alleghany from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. NINTENDO LTD/ADR presently has an average rating of “Buy” and a consensus price target of $41.00.

NTDOY opened at $48.31 on Wednesday. NINTENDO LTD/ADR has a twelve month low of $31.38 and a twelve month high of $48.68. The business’s fifty day moving average price is $44.94. The firm has a market capitalization of $45.74 billion, a PE ratio of 25.69 and a beta of 0.98.

A number of large investors have recently bought and sold shares of NTDOY. Intercontinental Wealth Advisors LLC acquired a new stake in NINTENDO LTD/ADR in the first quarter worth $25,000. Private Capital Group LLC grew its holdings in NINTENDO LTD/ADR by 20.5% in the first quarter. Private Capital Group LLC now owns 1,490 shares of the company’s stock worth $53,000 after purchasing an additional 253 shares during the period. Quadrant Capital Group LLC grew its holdings in NINTENDO LTD/ADR by 18.8% in the first quarter. Quadrant Capital Group LLC now owns 14,352 shares of the company’s stock worth $507,000 after purchasing an additional 2,274 shares during the period. Campbell Capital Management Inc. acquired a new stake in NINTENDO LTD/ADR in the fourth quarter worth $559,000. Finally, Boston Common Asset Management LLC grew its holdings in NINTENDO LTD/ADR by 11.8% in the first quarter. Boston Common Asset Management LLC now owns 25,365 shares of the company’s stock worth $904,000 after purchasing an additional 2,683 shares during the period. Institutional investors and hedge funds own 0.15% of the company’s stock.

About NINTENDO LTD/ADR

Nintendo Co, Ltd., together with its subsidiaries, develops, manufactures, and sells electronic entertainment products in Japan, the United States, Europe, Australia, Asia, and internationally. It provides video game platforms, playing cards, Karuta, and other products; and handheld and home console hardware and related software.

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