UBS Group Upgrades Nintendo (OTCMKTS:NTDOY) to Neutral

Nintendo (OTCMKTS:NTDOY) was upgraded by equities research analysts at UBS Group from a “sell” rating to a “neutral” rating in a research report issued on Wednesday, MarketBeat reports.

Several other equities analysts have also recently commented on the company. Zacks Research raised Nintendo from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Wolfe Research upgraded Nintendo from an “underperform” rating to a “peer perform” rating in a research note on Thursday, January 22nd. Freedom Capital raised Nintendo from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 22nd. Macquarie upgraded shares of Nintendo from a “neutral” rating to an “outperform” rating in a research note on Tuesday. Finally, China Renaissance restated a “sell” rating on shares of Nintendo in a research note on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Nintendo presently has an average rating of “Moderate Buy”.

Nintendo Price Performance

Shares of Nintendo stock opened at $13.58 on Wednesday. The company has a market cap of $70.54 billion, a PE ratio of 23.82 and a beta of 0.56. The firm has a fifty day moving average price of $17.25 and a two-hundred day moving average price of $20.41. Nintendo has a fifty-two week low of $13.47 and a fifty-two week high of $24.92.

Nintendo (OTCMKTS:NTDOY) last announced its quarterly earnings data 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 18.91% and a return on equity of 13.16%. The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $464.35 billion. Analysts expect that Nintendo will post 0.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nintendo

Hedge funds have recently made changes to their positions in the company. Appleton Partners Inc. MA lifted its holdings in Nintendo by 0.7% during the 3rd quarter. Appleton Partners Inc. MA now owns 127,279 shares of the company’s stock valued at $2,716,000 after purchasing an additional 837 shares during the last quarter. Dorsey Wright & Associates acquired a new stake in shares of Nintendo during the third quarter worth approximately $1,562,000. Impala Asset Management LLC bought a new position in shares of Nintendo in the second quarter valued at approximately $1,720,000. Confluence Investment Management LLC boosted its holdings in shares of Nintendo by 4.0% in the 4th quarter. Confluence Investment Management LLC now owns 67,829 shares of the company’s stock worth $1,144,000 after acquiring an additional 2,628 shares in the last quarter. Finally, AdvisorShares Investments LLC acquired a new position in shares of Nintendo in the 3rd quarter worth approximately $1,052,000. Institutional investors and hedge funds 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.