Nomura (NYSE:NMR) was downgraded by analysts at Citigroup from a “neutral” rating to a “sell” rating in a report issued on Thursday, Briefing.com Automated Import reports.
Several other research firms have also issued reports on NMR. Zacks Investment Research lowered Nomura from a “hold” rating to a “sell” rating in a research note on Tuesday, February 5th. JPMorgan Chase & Co. initiated coverage on Nomura in a research report on Thursday, February 28th. They issued an “underweight” rating on the stock. Four investment analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. The stock currently has a consensus rating of “Sell”.
NMR traded down $0.16 during mid-day trading on Thursday, hitting $3.28. 72,516 shares of the stock were exchanged, compared to its average volume of 366,892. Nomura has a 1-year low of $3.35 and a 1-year high of $5.54. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 6.02. The firm has a market cap of $11.43 billion, a price-to-earnings ratio of -12.15 and a beta of 1.40.
Nomura (NYSE:NMR) last posted its earnings results on Thursday, April 25th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.07. Nomura had a negative return on equity of 3.56% and a negative net margin of 6.03%. The firm had revenue of $2.74 billion for the quarter. On average, research analysts forecast that Nomura will post 0.37 earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of NMR. Bank of New York Mellon Corp raised its position in Nomura by 28.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 86,564 shares of the financial services provider’s stock valued at $413,000 after purchasing an additional 18,961 shares in the last quarter. Virtu Financial LLC acquired a new stake in Nomura in the 4th quarter valued at about $42,000. Lourd Capital LLC raised its position in Nomura by 23.3% in the 4th quarter. Lourd Capital LLC now owns 66,450 shares of the financial services provider’s stock valued at $247,000 after purchasing an additional 12,563 shares in the last quarter. Bank of Montreal Can raised its position in Nomura by 10.8% in the 4th quarter. Bank of Montreal Can now owns 141,589 shares of the financial services provider’s stock valued at $527,000 after purchasing an additional 13,801 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC raised its position in Nomura by 20.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 23,458 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 3,980 shares in the last quarter. 0.79% of the stock is currently owned by institutional investors.
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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