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

Shares of Nintendo Co. (OTCMKTS:NTDOY) have been assigned an average recommendation of “Buy” from the six brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating on the company.

A number of analysts have commented on the company. The Goldman Sachs Group initiated coverage on Nintendo in a research report on Tuesday, March 25th. They set a “buy” rating on the stock. Benchmark upgraded Nintendo to a “strong-buy” rating in a report on Monday, May 19th. Citigroup assumed coverage on Nintendo in a research note on Friday, May 2nd. They issued a “buy” rating for the company. Finally, Wedbush upgraded Nintendo to a “strong-buy” rating in a research note on Tuesday, July 1st.

Nintendo Price Performance

OTCMKTS:NTDOY opened at $22.75 on Thursday. Nintendo has a 1-year low of $11.36 and a 1-year high of $24.09. The company has a market capitalization of $118.18 billion, a PE ratio of 58.33 and a beta of 0.63. The firm’s 50-day moving average price is $21.18 and its 200-day moving average price is $18.38.

Nintendo (OTCMKTS:NTDOY) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. Nintendo had a return on equity of 10.51% and a net margin of 23.81%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $215.06 billion. Equities analysts anticipate that Nintendo will post 0.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC grew its stake in Nintendo by 2,029.9% in the first quarter. GAMMA Investing LLC now owns 275,785 shares of the company’s stock valued at $4,735,000 after purchasing an additional 262,837 shares in the last quarter. Sterling Capital Management LLC bought a new stake in shares of Nintendo in the 4th quarter worth approximately $605,000. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Nintendo in the 4th quarter worth approximately $2,633,000. SVB Wealth LLC bought a new stake in shares of Nintendo in the 4th quarter worth approximately $192,000. Finally, Appleton Partners Inc. MA lifted its position in shares of Nintendo by 1.5% during the 1st quarter. Appleton Partners Inc. MA now owns 130,744 shares of the company’s stock worth $2,245,000 after buying an additional 1,969 shares during the period. Hedge funds and other institutional investors own 0.02% of the company’s stock.

Nintendo Company Profile

Nintendo Co, Ltd., together with its subsidiaries, develops, manufactures, and sells home entertainment products in Japan, the Americas, Europe, and internationally. It also offers video game platforms, playing cards, Karuta, and other products; and handheld and home console hardware systems and related software.