Nintendo Co. (OTCMKTS:NTDOY) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Nintendo Co. (OTCMKTS:NTDOY) have received a consensus rating of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company.

A number of equities analysts have commented on the stock. Freedom Capital upgraded shares of Nintendo from a “hold” rating to a “strong-buy” rating in a report on Monday, December 22nd. Wolfe Research downgraded Nintendo from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, November 5th.

Hedge Funds Weigh In On Nintendo

Large investors have recently bought and sold shares of the stock. Salomon & Ludwin LLC raised its holdings in Nintendo by 76.1% during the third quarter. Salomon & Ludwin LLC now owns 1,872 shares of the company’s stock worth $40,000 after purchasing an additional 809 shares in the last quarter. First Horizon Advisors Inc. raised its stake in Nintendo by 34.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,462 shares of the company’s stock valued at $59,000 after purchasing an additional 637 shares during the period. PNC Financial Services Group Inc. boosted its position in Nintendo by 13.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,040 shares of the company’s stock worth $145,000 after acquiring an additional 724 shares during the period. Diversified Trust Co increased its stake in Nintendo by 18.6% in the 3rd quarter. Diversified Trust Co now owns 11,980 shares of the company’s stock valued at $260,000 after buying an additional 1,882 shares during the period. Finally, Atlatl Advisers LLC acquired a new position in Nintendo in the 3rd quarter worth about $462,000. Institutional investors and hedge funds own 0.02% of the company’s stock.

Nintendo Price Performance

Nintendo stock opened at $16.62 on Friday. Nintendo has a 12 month low of $14.50 and a 12 month high of $24.92. The stock’s 50-day moving average is $18.78 and its 200-day moving average is $20.98. The company has a market cap of $86.34 billion, a price-to-earnings ratio of 31.36 and a beta of 0.58.

Nintendo (OTCMKTS:NTDOY) last issued its earnings results on Tuesday, November 4th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.07. Nintendo had a net margin of 21.10% and a return on equity of 12.26%. The business had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $464.35 billion. Research analysts anticipate that Nintendo will post 0.44 EPS for the current year.

About Nintendo

Nintendo Co, Ltd., headquartered in Kyoto, Japan, is a global entertainment company best known for designing, manufacturing and marketing video game hardware and software. Founded in 1889 as a playing-card company, Nintendo transitioned into electronic entertainment in the latter half of the 20th century and has since become one of the most recognizable names in interactive entertainment. The company serves markets worldwide, with major operations and customer bases in Japan, North America and Europe, and it maintains a presence through regional subsidiaries, distribution partners and digital storefronts.

Nintendo’s business spans console and handheld hardware, first-party software titles, digital services and licensing.