Zacks Investment Research upgraded shares of NINTENDO LTD/ADR (OTCMKTS:NTDOY) from a hold rating to a buy rating in a research note released on Tuesday, Zacks.com reports. They currently have $54.00 price target on the stock.
According to Zacks, “NINTENDO LTD is the acknowledged worldwide leader in the creation of interactive entertainment. Nintendo has created such industry icons as Mario and Donkey Kong and launched franchises like The Legend of Zelda and Pokémon. Nintendo manufactures and markets hardware and software for its popular home video game systems, including Nintendo 64 and Game Boy – the world’s best-selling video game system. “
Other research analysts also recently issued reports about the company. Wedbush upgraded NINTENDO LTD/ADR from a neutral rating to an outperform rating in a report on Wednesday, July 10th. Deutsche Bank reiterated a buy rating on shares of NINTENDO LTD/ADR in a report on Wednesday, March 27th. Macquarie set a $155.00 price target on Deckers Outdoor and gave the company a hold rating in a report on Tuesday, June 11th. Finally, ValuEngine upgraded Alleghany from a hold rating to a buy rating in a report on Friday, April 19th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. NINTENDO LTD/ADR currently has an average rating of Buy and an average price target of $54.00.
Hedge funds have recently added to or reduced their stakes in the company. Intercontinental Wealth Advisors LLC acquired a new stake in shares of NINTENDO LTD/ADR during the 1st quarter worth $25,000. Private Capital Group LLC increased its holdings in shares of NINTENDO LTD/ADR by 20.5% during the 1st quarter. Private Capital Group LLC now owns 1,490 shares of the company’s stock worth $53,000 after buying an additional 253 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of NINTENDO LTD/ADR by 18.8% during the 1st quarter. Quadrant Capital Group LLC now owns 14,352 shares of the company’s stock worth $507,000 after buying an additional 2,274 shares during the last quarter. Campbell Capital Management Inc. acquired a new stake in shares of NINTENDO LTD/ADR during the 4th quarter worth $559,000. Finally, Boston Common Asset Management LLC increased its holdings in shares of NINTENDO LTD/ADR by 11.8% during the 1st quarter. Boston Common Asset Management LLC now owns 25,365 shares of the company’s stock worth $904,000 after buying an additional 2,683 shares during the last quarter. Institutional investors and hedge funds own 0.15% of the company’s stock.
NINTENDO LTD/ADR Company Profile
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.
Featured Article: New Google Finance Tool and Screening Stocks
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for NINTENDO LTD/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NINTENDO LTD/ADR and related companies with MarketBeat.com's FREE daily email newsletter.