Nintendo Co., Ltd. (OTCMKTS:NTDOY – Get Rating) has earned an average “Buy” rating from the eight ratings companies that currently cover the stock, MarketBeat Ratings reports. Three equity research analysts rated the stock with a hold recommendation, four gave the company a buy recommendation and one gave the company a strong buy recommendation. The 12-month average price target among brokerages that updated their coverage on the stock in the past year is $27,537.00.
Several stock analysts have commented on NTDOY shares. Zacks Investment Research moved Nintendo shares from a “hold” rating to a “strong-buy” rating and set a target price of $74.00 on the stock in a report released Thursday. Nomura launched coverage on Nintendo shares in a report on Thursday, January 27. They set a “buy” rating on the stock. Macquarie upgraded Nintendo shares from a “neutral” rating to an “outperforming” rating in a research report on Wednesday. Finally, Jefferies Financial Group upgraded Nintendo shares from a “hold” rating to a “buy” rating in a Wednesday, Feb. 16 research report.
NTDOY opened at $67.11 on Friday. The company’s fifty-day moving average is $62.54 and its two-hundred-day moving average is $59.17. Nintendo has a 12-month low of $52.95 and a 12-month high of $78.89. The company has a market capitalization of $69.72 billion, a PE ratio of 14.88 and a beta of 0.49.
Nintendo (OTCMKTS:NTDOY – Get Rating) last announced its quarterly results on Thursday, February 3. The company reported EPS of $1.83 for the quarter, beating consensus analyst estimates of $1.42 by $0.41. The company posted revenue of $6.13 billion in the quarter, versus $5.91 billion expected by analysts. Nintendo had a net margin of 28.14% and a return on equity of 25.20%. Research analysts expect Nintendo to post earnings per share of 4.01 for the current fiscal year.
Several institutional investors have recently changed their stake in the company. Pacer Advisors Inc. raised its position in Nintendo shares by 3.2% in the third quarter. Pacer Advisors Inc. now owns 7,579 shares of the company worth $449,000 after buying 234 additional shares in the last quarter. Boston Private Wealth LLC increased its stake in Nintendo shares by 18.0% during the third quarter. Boston Private Wealth LLC now owns 12,871 shares of the company valued at $763,000 after purchasing an additional 1,963 shares during the period. Gagnon Securities LLC increased its stake in Nintendo shares by 3.7% during the 4th quarter. Gagnon Securities LLC now owns 15,570 shares of the company valued at $907,000 after purchasing an additional 555 shares during the period. Yousif Capital Management LLC purchased a new stake in Nintendo stock during Q4, valued at approximately $952,000. Finally, Inverness Counsel LLC NY increased its stake in Nintendo shares by 7.9% during the third quarter. Inverness Counsel LLC NY now owns 22,760 shares of the company valued at $1,349,000 after acquiring an additional 1,660 shares during the period. Hedge funds and other institutional investors hold 0.04% of the company’s shares.
About Nintendo (Get a rating)
Nintendo Co, Ltd., together with its subsidiaries, develops, manufactures and distributes electronic 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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