Nomura Holdings, Inc. : The stock forcefully approaches new pivot levels
Entry price | Target | Stop-loss | Potential |
---|
JP¥579 |
JP¥650 |
JP¥538 |
+12.26% |
---|
Nomura Holdings, Inc. shares are reaching an interesting resistance zone. The current technical chart pattern suggests that a breach of this level could lead to new upside potential.
Strengths● The group's high margin levels account for strong profits.
● Its low valuation, with P/E ratio at 6.04 and 8.49 for the ongoing fiscal year and 2022 respectively, makes the stock pretty attractive with regard to earnings multiples.
● The company is one of the best yield companies with high dividend expectations.
● Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
● Over the past year, analysts have regularly revised upwards their sales forecast for the company.
● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.
● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 464.5 JPY
Weaknesses● According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
● The company's earnings releases usually do not meet expectations.
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