Nomura (NYSE:NMR) Raised to Neutral at Nomura

Nomura upgraded shares of Nomura (NYSE:NMR) from an underweight rating to a neutral rating in a research note published on Wednesday, The Fly reports.

A number of other equities analysts also recently issued reports on NMR. Zacks Investment Research raised Nomura from a strong sell rating to a hold rating in a research note on Thursday, June 20th. ValuEngine downgraded Nomura from a sell rating to a strong sell rating in a research note on Tuesday, July 2nd. JPMorgan Chase & Co. raised Nomura from an underweight rating to a neutral rating in a research note on Wednesday. Finally, Citigroup downgraded Nomura from a neutral rating to a sell rating in a research note on Thursday, May 16th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company has a consensus rating of Hold.

NMR traded up $0.06 on Wednesday, hitting $3.49. 323,555 shares of the company traded hands, compared to its average volume of 556,683. The stock’s 50 day moving average is $3.44. The company has a debt-to-equity ratio of 6.02, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market cap of $11.40 billion, a PE ratio of -12.93 and a beta of 1.47. Nomura has a 12-month low of $3.05 and a 12-month high of $5.05.

Nomura (NYSE:NMR) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.15 EPS for the quarter. The firm had revenue of $4.65 billion during the quarter. Nomura had a negative return on equity of 1.75% and a negative net margin of 2.78%. Equities analysts expect that Nomura will post 0.34 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of NMR. Parallel Advisors LLC raised its stake in shares of Nomura by 102.3% during the 1st quarter. Parallel Advisors LLC now owns 9,996 shares of the financial services provider’s stock worth $36,000 after buying an additional 5,056 shares in the last quarter. Sage Rhino Capital LLC purchased a new position in shares of Nomura during the 1st quarter worth approximately $45,000. Two Sigma Advisers LP purchased a new position in shares of Nomura during the 4th quarter worth approximately $59,000. Lindbrook Capital LLC raised its stake in shares of Nomura by 173.1% during the 2nd quarter. Lindbrook Capital LLC now owns 20,228 shares of the financial services provider’s stock worth $71,000 after buying an additional 12,821 shares in the last quarter. Finally, Citigroup Inc. raised its stake in shares of Nomura by 60.5% during the 4th quarter. Citigroup Inc. now owns 23,206 shares of the financial services provider’s stock worth $87,000 after buying an additional 8,744 shares in the last quarter. 0.77% of the stock is owned by institutional investors and hedge funds.

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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