DZ Bank lowers Nintendo (OTCMKTS: NTDOY) to hold

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Nintendo (OTCMKTS: NTDOY) was downgraded by DZ Bank stock research analysts from a “buy” rating to a “keep” rating in a research note issued to investors on Friday, The Fly reports. They currently have a target price of 55,000.00 on the stock.

A number of other equity research analysts have also published reports on the company. Jefferies Financial Group downgraded Nintendo from a “buy” rating to a “keep” rating in a research report on Tuesday, July 6. Zacks Investment Research downgraded Nintendo from a “sell” rating to a “keep” rating in a research report released on Tuesday, August 10. Five investment analysts rated the stock with a conservation rating. According to MarketBeat.com, the stock currently has a consensus rating of “hold” and an average target price of $ 55,000.00.

NTDOY stock traded up $ 0.24 in Friday’s session, reaching $ 59.25. 1,049,654 shares of the company were traded, for an average volume of 498,177. Nintendo has a one-year low at $ 56.72 and a one-year high at $ 82.55. The company’s fifty-day mobile average price is $ 61.39 and its 200-day mobile average price is $ 68.95. The company has a market cap of $ 62.41 billion, a PE ratio of 12.85 and a beta of 0.59.

Nintendo (OTCMKTS: NTDOY) last announced its quarterly earnings data on Thursday, August 5. The company reported earnings per share of $ 0.89 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.80 of $ 0.09. The company posted revenue of $ 2.95 billion in the quarter, compared to analysts’ estimates of $ 2.87 billion. Nintendo had a return on equity of 26.35% and a net margin of 27.06%. On average, analysts predict that Nintendo will post 3.84 earnings per share for the current year.

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This under-the-radar stock is ready to explode for a big reason.

A number of institutional investors have recently bought and sold shares of NTDOY. Parametric Portfolio Associates LLC increased its holdings of Nintendo shares by 7.0% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,432,810 shares of the company valued at $ 103,922,000 after purchasing an additional 93,168 shares in the last quarter. Hidden Lake Asset Management LP purchased a new position in Nintendo during the second quarter valued at approximately $ 5,706,000. Steward Partners Investment Advisory LLC purchased a new position in Nintendo during the second quarter valued at approximately $ 28,000. Thomas White International Ltd. increased its holdings of Nintendo shares by 39.3% in the second quarter. Thomas White International Ltd. now owns 53,497 shares of the company valued at $ 3,893,000 after acquiring an additional 15,087 shares during the period. Finally, O Brien Greene & Co. Inc increased its stake in Nintendo shares by 16.8% in the second quarter. O Brien Greene & Co. Inc. now owns 4,180 shares of the company valued at $ 304,000 after purchasing an additional 600 shares during the period. 0.68% of the shares are held by hedge funds and other institutional investors.

About Nintendo

Nintendo Co, Ltd. is engaged in the development, manufacture and sale of home entertainment products. Its entertainment products include handheld and console gaming machines and software, assets and Karuta (Japanese style playing cards), multinational consumer electronics, home consoles such as Nintendo Wii, Nintendo DS, Nintendo 3DS and others; as well as software for handheld and home game consoles.

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