Nintendo Co., Ltd. (OTCMKTS:NTDOY) Receives Consensus ‘Moderate Buy’ Rating from Analysts
Shares of Nintendo Co., Ltd. (OTCMKTS:NTDOY – Get Rating) received an average recommendation of “Moderate Buy” from the six brokerages that currently cover the business, Marketbeat.com reports. One financial analyst gave the stock a sell rating and five issued a buy rating for the company.
Separately, Goldman Sachs reiterated a “buy” rating on Nintendo shares in a Wednesday, September 7 research report.
Nintendo trades up 1.9%
Shares of OTCMKTS NTDOY opened at $10.29 on Thursday. The company has a fifty-day simple moving average of $12.11 and a 200-day simple moving average of $13.32. The company has a market capitalization of $53.45 billion, a price-earnings ratio of 11.23 and a beta of 0.54. Nintendo has a one-year minimum of $9.77 and a one-year maximum of $13.65.
Nintendo (OTCMKTS:NTDOY – Get Rating) last released its results on Wednesday, August 3. The company reported earnings per share of $0.24 for the quarter, beating the consensus estimate of $0.18 by $0.06. The company posted revenue of $2.37 billion for the quarter, versus analyst estimates of $3.23 billion. Nintendo had a return on equity of 25.41% and a net margin of 29.77%. On average, research analysts expect Nintendo to post earnings per share of 0.64 for the current fiscal year.
Institutional entries and exits
A number of institutional investors have recently increased or reduced their stake in the company. Captrust Financial Advisors increased its holdings of Nintendo shares by 36,538.9% in the first quarter. Captrust Financial Advisors now owns 462,383 shares of the company valued at $29,172,000 after acquiring an additional 461,121 shares in the last quarter. Pacer Advisors Inc. increased its stake in Nintendo shares by 28.2% in Q3. Pacer Advisors Inc. now owns 244,090 shares of the company worth $12,441,000 after acquiring 53,751 additional shares in the last quarter. Renaissance Group LLC increased its position in Nintendo by 1.4% during the first quarter. Renaissance Group LLC now owns 133,772 shares of the company valued at $8,416,000 after purchasing an additional 1,870 shares in the last quarter. Gagnon Securities LLC increased its stake in Nintendo shares by 3.2% during the second quarter. Gagnon Securities LLC now owns 16,477 shares of the company valued at $890,000 after purchasing an additional 511 shares last quarter. Finally, Lyrical Asset Management LP bought a new equity stake in Nintendo in the first quarter worth $918,000. 0.08% of the shares are held by institutional investors and hedge funds.
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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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