Nintendo (OTCMKTS:NTDOY) Upgraded at Zacks Research

Zacks Research upgraded shares of Nintendo (OTCMKTS:NTDOY) from a hold rating to a strong-buy rating in a research note released on Monday,Zacks.com reports.

A number of other equities research analysts also recently issued reports on NTDOY. Freedom Capital upgraded Nintendo from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 22nd. Wolfe Research upgraded Nintendo from an “underperform” rating to a “peer perform” rating in a research note on Thursday, January 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Nintendo has a consensus rating of “Buy”.

Nintendo Stock Performance

Shares of NTDOY opened at $16.60 on Monday. Nintendo has a 52-week low of $15.25 and a 52-week high of $24.92. The stock’s 50-day simple moving average is $17.96 and its 200 day simple moving average is $20.66. The stock has a market capitalization of $86.23 billion, a price-to-earnings ratio of 31.32 and a beta of 0.58.

Nintendo (OTCMKTS:NTDOY) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.07. Nintendo had a return on equity of 12.26% and a net margin of 21.10%.The firm had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $464.35 billion. On average, research analysts forecast that Nintendo will post 0.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nintendo

Large investors have recently added to or reduced their stakes in the company. Appleton Partners Inc. MA boosted its holdings in shares of Nintendo by 0.7% in the 3rd quarter. Appleton Partners Inc. MA now owns 127,279 shares of the company’s stock worth $2,716,000 after purchasing an additional 837 shares in the last quarter. Dorsey Wright & Associates bought a new stake in Nintendo in the 3rd quarter worth approximately $1,562,000. Impala Asset Management LLC purchased a new stake in Nintendo in the second quarter worth approximately $1,720,000. Confluence Investment Management LLC boosted its stake in Nintendo by 4.0% in the fourth quarter. Confluence Investment Management LLC now owns 67,829 shares of the company’s stock worth $1,144,000 after buying an additional 2,628 shares in the last quarter. Finally, AdvisorShares Investments LLC bought a new position in Nintendo during the third quarter valued at approximately $1,052,000. Hedge funds and other institutional investors own 0.02% of the company’s stock.

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.