ValuEngine Lowers Nomura (NYSE:NMR) to Strong Sell

ValuEngine cut shares of Nomura (NYSE:NMR) from a sell rating to a strong sell rating in a research report sent to investors on Tuesday morning, ValuEngine reports.

A number of other brokerages also recently commented on NMR. Zacks Investment Research downgraded shares of Nomura from a hold rating to a sell rating in a research report on Wednesday, March 20th. Citigroup downgraded shares of Nomura from a neutral rating to a sell rating in a research report on Thursday, May 16th. Three research analysts have rated the stock with a sell rating and two have given a hold rating to the company. Nomura presently has a consensus rating of Sell.

Shares of NMR opened at $3.56 on Tuesday. Nomura has a fifty-two week low of $3.05 and a fifty-two week high of $5.10. The firm has a market capitalization of $12.04 billion, a P/E ratio of -13.19 and a beta of 1.50. The business’s 50-day simple moving average is $3.30. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 6.02.

Nomura (NYSE:NMR) last announced its earnings results on Thursday, April 25th. The financial services provider reported $0.07 earnings per share for the quarter, hitting the consensus estimate of $0.07. Nomura had a negative net margin of 6.03% and a negative return on equity of 3.56%. The business had revenue of $2.74 billion during the quarter. As a group, sell-side analysts forecast that Nomura will post 0.34 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in NMR. SG Americas Securities LLC purchased a new stake in shares of Nomura during the fourth quarter worth about $51,000. Bank of New York Mellon Corp grew its position in shares of Nomura by 24.0% during the fourth quarter. Bank of New York Mellon Corp now owns 107,303 shares of the financial services provider’s stock worth $400,000 after purchasing an additional 20,739 shares in the last quarter. Citigroup Inc. grew its position in shares of Nomura by 60.5% during the fourth quarter. Citigroup Inc. now owns 23,206 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 8,744 shares in the last quarter. LMR Partners LLP purchased a new stake in shares of Nomura during the fourth quarter worth about $6,056,000. Finally, NINE MASTS CAPITAL Ltd purchased a new stake in shares of Nomura during the fourth quarter worth about $833,000. 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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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