Nintendo (OTCMKTS:NTDOY) Upgraded to Peer Perform at Wolfe Research

Wolfe Research upgraded shares of Nintendo (OTCMKTS:NTDOY) from an underperform rating to a peer perform rating in a research report released on Thursday, Marketbeat.com reports.

Separately, Freedom Capital upgraded Nintendo from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 22nd. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy”.

Nintendo Stock Down 2.4%

Shares of OTCMKTS:NTDOY opened at $15.81 on Thursday. The firm has a market capitalization of $82.13 billion, a PE ratio of 29.83 and a beta of 0.58. The company has a 50-day moving average price of $18.32 and a two-hundred day moving average price of $20.81. Nintendo has a twelve month low of $15.15 and a twelve month high of $24.92.

Nintendo (OTCMKTS:NTDOY) last announced its quarterly 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. The company had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $464.35 billion. Nintendo had a net margin of 21.10% and a return on equity of 12.26%. Analysts anticipate that Nintendo will post 0.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nintendo

A number of large investors have recently added to or reduced their stakes in the company. Dorsey Wright & Associates purchased a new stake in Nintendo during the third quarter valued at about $1,562,000. Impala Asset Management LLC bought a new position in shares of Nintendo in the second quarter worth approximately $1,720,000. AdvisorShares Investments LLC purchased a new position in shares of Nintendo in the third quarter worth $1,052,000. Atlatl Advisers LLC purchased a new position in shares of Nintendo in the third quarter worth $462,000. Finally, Confluence Investment Management LLC boosted its position in Nintendo by 16.3% during the 3rd quarter. Confluence Investment Management LLC now owns 65,201 shares of the company’s stock valued at $1,391,000 after buying an additional 9,121 shares during the period. 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.