Nissan Motor Co Ltd (NSANY) Upgraded by Zacks Investment Research to Buy
Zacks Investment Research upgraded shares of Nissan Motor Co Ltd (NASDAQ:NSANY) from a hold rating to a buy rating in a report issued on Tuesday. Zacks Investment Research currently has $23.00 target price on the stock.
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 shares of Nissan Motor Co from a neutral rating to an overweight rating in a report on Wednesday, July 5th.
Shares of Nissan Motor Co (NASDAQ NSANY) opened at 20.55 on Tuesday. Nissan Motor Co has a 1-year low of $18.06 and a 1-year high of $20.76. The stock’s 50 day moving average price is $20.02 and its 200 day moving average price is $19.68. The company has a market capitalization of $40.19 billion and a price-to-earnings ratio of 6.66.
Nissan Motor Co (NASDAQ:NSANY) last posted its quarterly earnings data 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 net margin of 5.08% and a return on equity of 11.10%. The firm had revenue of $24.85 billion during the quarter, compared to analysts’ expectations of $25.02 billion. 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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