Citigroup Lowers Nomura (NMR) to Sell

Citigroup Lowers Nomura (NMR) to Sell

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.

About Nomura

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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