Nintendo (OTCMKTS:NTDOY) Earns Buy Rating from Analysts at Citigroup

Citigroup began coverage on shares of Nintendo (OTCMKTS:NTDOY) in a report released on Friday, MarketBeat Ratings reports. The firm issued a buy rating on the stock.

Separately, The Goldman Sachs Group began coverage on shares of Nintendo in a report on Tuesday, March 25th. They set a “buy” rating for the company.

Nintendo Trading Up 3.8 %

NTDOY stock opened at $21.69 on Friday. The company has a market capitalization of $112.67 billion, a PE ratio of 48.20 and a beta of 0.61. The business’s fifty day moving average price is $18.07 and its 200 day moving average price is $16.10. Nintendo has a 12-month low of $11.36 and a 12-month high of $21.73.

Nintendo (OTCMKTS:NTDOY) last released its earnings results on Tuesday, February 4th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Nintendo had a net margin of 25.83% and a return on equity of 12.14%. Research analysts predict that Nintendo will post 0.44 EPS for the current fiscal year.

Institutional Trading of Nintendo

Several institutional investors and hedge funds have recently modified their holdings of NTDOY. First Horizon Advisors Inc. raised its stake in Nintendo by 192.5% in the 1st quarter. First Horizon Advisors Inc. now owns 1,825 shares of the company’s stock valued at $31,000 after purchasing an additional 1,201 shares during the last quarter. Diversified Trust Co purchased a new stake in shares of Nintendo during the fourth quarter worth about $182,000. GAMMA Investing LLC raised its position in shares of Nintendo by 53.4% in the fourth quarter. GAMMA Investing LLC now owns 12,948 shares of the company’s stock valued at $189,000 after buying an additional 4,509 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of Nintendo during the fourth quarter valued at approximately $192,000. Finally, Fulton Bank N.A. acquired a new stake in Nintendo during the fourth quarter worth approximately $200,000. 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.