Nintendo Co., Ltd. (OTCMKTS:NTDOY) Receives Consensus Rating of “Buy” from Brokerages

Shares of Nintendo Co., Ltd. (OTCMKTS:NTDOYGet Rating) have earned a consensus recommendation of “Buy” from the eight brokerages that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $284.35.

NTDOY has been the topic of several recent analyst reports. Macquarie raised shares of Nintendo from a “neutral” rating to an “outperform” rating in a report on Wednesday, March 23rd. Zacks Investment Research raised shares of Nintendo from a “hold” rating to a “strong-buy” rating and set a $74.00 price objective on the stock in a report on Thursday, March 24th. Jefferies Financial Group raised shares of Nintendo from a “hold” rating to a “buy” rating in a report on Wednesday, February 16th. Finally, Nomura began coverage on shares of Nintendo in a report on Thursday, January 27th. They set a “buy” rating on the stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Boston Private Wealth LLC increased its position in Nintendo by 18.0% during the third quarter. Boston Private Wealth LLC now owns 12,871 shares of the company’s stock worth $763,000 after purchasing an additional 1,963 shares during the last quarter. Gagnon Securities LLC increased its position in shares of Nintendo by 3.7% during the fourth quarter. Gagnon Securities LLC now owns 15,570 shares of the company’s stock valued at $907,000 after acquiring an additional 555 shares during the last quarter. Yousif Capital Management LLC acquired a new stake in shares of Nintendo during the fourth quarter valued at about $952,000. Inverness Counsel LLC NY increased its position in shares of Nintendo by 7.9% during the third quarter. Inverness Counsel LLC NY now owns 22,760 shares of the company’s stock valued at $1,349,000 after acquiring an additional 1,660 shares during the last quarter. Finally, Ativo Capital Management LLC increased its position in shares of Nintendo by 9.7% during the third quarter. Ativo Capital Management LLC now owns 25,123 shares of the company’s stock valued at $1,489,000 after acquiring an additional 2,224 shares during the last quarter. Institutional investors and hedge funds own 0.04% of the company’s stock.

Shares of OTCMKTS NTDOY opened at $62.45 on Thursday. The company’s fifty day moving average price is $63.66 and its 200 day moving average price is $59.65. Nintendo has a 1 year low of $52.95 and a 1 year high of $78.89. The company has a market capitalization of $64.88 billion, a PE ratio of 13.85 and a beta of 0.50.

Nintendo (OTCMKTS:NTDOYGet Rating) last posted its quarterly earnings data on Thursday, February 3rd. The company reported $1.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.41. The business had revenue of $6.13 billion for the quarter, compared to the consensus estimate of $5.91 billion. Nintendo had a net margin of 28.14% and a return on equity of 25.20%. As a group, equities analysts predict that Nintendo will post 4.01 earnings per share for the current fiscal year.

About Nintendo (Get 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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Analyst Recommendations for Nintendo (OTCMKTS:NTDOY)

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