Nintendo (OTCMKTS:NTDOY) Earns Buy Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Nintendo (OTCMKTS:NTDOY) in a report issued on Tuesday. The brokerage issued a buy rating on the stock.

Nintendo Stock Up 0.9 %

OTCMKTS NTDOY opened at $18.02 on Tuesday. The company has a 50 day moving average price of $17.40 and a two-hundred day moving average price of $15.10. Nintendo has a 12-month low of $11.36 and a 12-month high of $19.47. The stock has a market capitalization of $93.61 billion, a PE ratio of 40.05 and a beta of 0.39.

Nintendo (OTCMKTS:NTDOY) last posted 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%. As a group, equities analysts anticipate that Nintendo will post 0.44 EPS for the current year.

Hedge Funds Weigh In On Nintendo

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its stake 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 period. Diversified Trust Co bought a new stake in shares of Nintendo in the 4th quarter worth approximately $182,000. SVB Wealth LLC acquired a new stake in shares of Nintendo during the 4th quarter worth approximately $192,000. Fulton Bank N.A. bought a new stake in shares of Nintendo during the fourth quarter valued at approximately $200,000. Finally, Sterling Capital Management LLC bought a new position in Nintendo in the fourth quarter worth $605,000. Institutional investors own 0.02% of the company’s stock.

About Nintendo

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.