Nissan Motor Co Ltd (NSANY) Lifted to “Buy” at Zacks Investment Research
Nissan Motor Co Ltd (NASDAQ:NSANY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The firm currently has a $23.00 price target on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 13.24% from the company’s current price.
According to Zacks, “Nissan Motor Company, Ltd. manufactures and markets motor vehicles and parts. In North America, Nissan’s operations include styling, engineering, manufacturing, sales, customer and corporate finance and industrial and textile equipment. Nissan in North America employs more than 20,000 people in the United States, Canada and Mexico and generates nearly 75,000 jobs through its 1,500 Nissan and Infinity dealerships across the continent. “
Separately, J P Morgan Chase & Co raised Nissan Motor Co from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 5th.
Nissan Motor Co (NSANY) opened at 20.31 on Tuesday. The company’s 50-day moving average price is $20.00 and its 200 day moving average price is $19.65. Nissan Motor Co has a 52-week low of $18.06 and a 52-week high of $20.76. The company has a market capitalization of $39.72 billion and a price-to-earnings ratio of 6.62.
Nissan Motor Co (NASDAQ:NSANY) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.64 earnings per share for the quarter, hitting the consensus estimate of $0.64. Nissan Motor Co had a return on equity of 11.10% and a net margin of 5.08%. The firm had revenue of $24.85 billion for the quarter, compared to the consensus estimate of $25.02 billion. On average, equities analysts expect that Nissan Motor Co will post $2.58 EPS for the current fiscal year.
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About Nissan Motor Co
Nissan Motor Co, Ltd. is engaged in manufacturing, sales and related business of automotive products and marine equipment. The Company’s segments include Automobile and Sales Financing. The Automobile business includes manufacturing and sales of vehicles and parts. The Sales financing business provides sales finance service and leasing to support sales activities of the automobile business.
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