Nissan Motor Co Ltd (NSANY) Cut to “Hold” at Zacks Investment Research
Zacks Investment Research lowered shares of Nissan Motor Co Ltd (NASDAQ:NSANY) from a buy rating to a hold rating in a research note released on Wednesday morning.
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 upgraded shares of Nissan Motor Co from a neutral rating to an overweight rating in a report on Wednesday, July 5th.
Nissan Motor Co (NASDAQ NSANY) traded up 0.05% during mid-day trading on Wednesday, hitting $20.55. 38,342 shares of the stock traded hands. The company has a market cap of $40.19 billion and a price-to-earnings ratio of 6.66. Nissan Motor Co has a 12-month low of $18.06 and a 12-month high of $20.76. The firm’s 50-day moving average is $20.02 and its 200-day moving average is $19.68.
Nissan Motor Co (NASDAQ:NSANY) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.64 EPS for the quarter, hitting analysts’ consensus estimates of $0.64. The business had revenue of $24.85 billion during the quarter, compared to the consensus estimate of $25.02 billion. Nissan Motor Co had a net margin of 5.08% and a return on equity of 11.10%. Equities research analysts expect that Nissan Motor Co will post $2.58 EPS for the current 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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