Nomura (NYSE:NMR) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Nomura (NYSE:NMR) from a sell rating to a hold rating in a research note released on Saturday morning, 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. “

Other equities research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. upgraded shares of Nomura from an underweight rating to a neutral rating in a report on Wednesday, July 31st. ValuEngine cut shares of Nomura from a sell rating to a strong sell rating in a report on Tuesday, July 2nd. Nomura upgraded shares of Nomura from an underweight rating to a neutral rating in a report on Wednesday, July 31st. Finally, Citigroup cut shares of Nomura from a neutral rating to a sell rating in a report on Thursday, May 16th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company. Nomura currently has an average rating of Hold.

NYSE:NMR traded down $0.08 during trading hours on Friday, reaching $3.58. The company had a trading volume of 784,323 shares, compared to its average volume of 677,583. The company has a current ratio of 0.98, a quick ratio of 1.10 and a debt-to-equity ratio of 5.90. The company has a market capitalization of $12.38 billion, a price-to-earnings ratio of -13.26 and a beta of 1.47. The stock has a 50-day moving average price of $3.48. Nomura has a twelve month low of $3.05 and a twelve month high of $5.05.

Nomura (NYSE:NMR) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.15 EPS for the quarter. The business had revenue of $4.65 billion during the quarter. Nomura had a negative net margin of 2.78% and a negative return on equity of 1.74%. As a group, equities analysts predict that Nomura will post 0.34 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Parallel Advisors LLC grew its holdings in shares of Nomura by 102.3% during the first quarter. Parallel Advisors LLC now owns 9,996 shares of the financial services provider’s stock valued at $36,000 after buying an additional 5,056 shares during the last quarter. Sage Rhino Capital LLC acquired a new position in shares of Nomura during the first quarter valued at about $45,000. Two Sigma Advisers LP acquired a new position in shares of Nomura during the fourth quarter valued at about $59,000. Lindbrook Capital LLC grew its holdings in shares of Nomura by 173.1% during the second quarter. Lindbrook Capital LLC now owns 20,228 shares of the financial services provider’s stock valued at $71,000 after buying an additional 12,821 shares during the last quarter. Finally, Two Sigma Investments LP grew its holdings in shares of Nomura by 16.6% during the fourth quarter. Two Sigma Investments LP now owns 25,008 shares of the financial services provider’s stock valued at $93,000 after buying an additional 3,565 shares during the last quarter. Hedge funds and other institutional investors own 0.77% of the company’s stock.

Nomura Company Profile

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.

Further Reading: Market Capitalization – What it Means for Investors

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