Nintendo Co., Ltd. (OTCMKTS:NTDOY) Receives an Average “Moderate Buy” Rating from Brokerages

Shares of Nintendo Co., Ltd. (OTCMKTS:NTDOY – Get Rating) received a consensus “moderate buy” rating from the six ratings companies that cover the stock, Marketbeat reports. One investment analyst rated the stock with a sell recommendation and five gave the company a buy recommendation.

Separately, Goldman Sachs Group reaffirmed a “buy” rating on Nintendo shares in a Wednesday, September 7 research note.

Nintendo Institutional Trade

Several hedge funds and other institutional investors have been buying and selling stocks recently. Gagnon Securities LLC increased its stake in Nintendo by 2.5% during the first quarter. Gagnon Securities LLC now owns 15,966 shares of the company valued at $1,014,000 after purchasing an additional 396 shares during the period. Renaissance Group LLC increased its stake in Nintendo by 1.4% in the 1st quarter. Renaissance Group LLC now owns 133,772 shares of the company valued at $8,416,000 after purchasing an additional 1,870 shares during the period. OLD National Bancorp IN bought a new stake in Nintendo during Q2 worth $244,000. Farmer Steven Patrick bought a new stake in Nintendo during Q2 worth $546,000. Finally, Lyrical Asset Management LP acquired a new stake in Nintendo during the 1st quarter at a value of $918,000. Hedge funds and other institutional investors own 0.08% of the company’s shares.

Nintendo down 1.0%

Shares of OTCMKTS:NTDOY opened at $50.97 on Friday. The stock has a 50-day moving average of $53.09 and a 200-day moving average of $56.24. The company has a market capitalization of $52.96 billion, a PE ratio of 11.13 and a beta of 0.56. Nintendo has a 12 month minimum of $49.76 and a 12 month maximum of $68.25.

Nintendo shares are set to split before the market opens on Tuesday, October 4. The 4-1 split was announced on Tuesday, October 4. The newly issued shares will be payable to shareholders after market close on Tuesday, October 4.

Nintendo (OTCMKTS:NTDOY – Get Rating) last announced its quarterly earnings data on Wednesday, August 3. The company reported earnings per share (EPS) of $0.98 for the quarter, beating consensus analyst estimates of $0.72 from $0.26. Nintendo had a return on equity of 25.41% and a net margin of 29.77%. The company posted revenue of $2.37 billion in the quarter, versus a consensus estimate of $3.23 billion. Stock research analysts expect Nintendo to post earnings per share of 3.43 for the current fiscal year.

Nintendo Company Profile

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Nintendo Co, Ltd., together with its subsidiaries, develops, manufactures and sells home entertainment products in Japan, the Americas, Europe and internationally. It offers video game platforms, playing cards, Karuta and other products; and handheld and home console hardware systems and related software.

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Analyst Recommendations for Nintendo (OTCMKTS: NTDOY)

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