Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Nidec (NJ) Stock Price
Media headlines about Nidec (NYSE:NJ) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Nidec earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned media headlines about the industrial goods maker an impact score of 45.0974363973197 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
A number of equities research analysts recently issued reports on NJ shares. Keefe, Bruyette & Woods initiated coverage on Nidec in a research report on Thursday, September 14th. They set an “outperform” rating and a $14.00 price target for the company. DA Davidson reissued a “neutral” rating and issued a $18.00 target price on shares of Nidec in a research note on Friday, September 1st.
Shares of Nidec (NJ) opened at 18.11 on Tuesday. Nidec has a 12 month low of $14.72 and a 12 month high of $22.89. The firm’s 50-day moving average is $17.46 and its 200 day moving average is $17.79.
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Nidec Company Profile
Nidec Corporation is engaged in manufacturing of electric motors and related components and equipment. The Company focuses on providing brushless direct current (DC) motors for the information technology (IT) industry. The Company operates through nine segments: Nidec Corporation, Nidec Electronics (Thailand), Nidec Singapore, Nidec (H.K.), Nidec Sankyo, Nidec Copal, Nidec Techno Motor, Nidec Motor, and Nidec Motors & Actuators.
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