Nidec Co. (NJDCY) Receives Average Rating of “Strong Buy” from Brokerages
Shares of Nidec Co. (NASDAQ:NJDCY) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokerages have set a 1-year consensus price target of $34.10 for the company, according to Zacks. Zacks has also given Nidec an industry rank of 82 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded Nidec from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th.
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Nidec (NASDAQ NJDCY) traded up $0.17 during mid-day trading on Thursday, hitting $35.35. The stock had a trading volume of 58,241 shares, compared to its average volume of 49,255. Nidec has a 12 month low of $20.95 and a 12 month high of $35.63.
Nidec (NASDAQ:NJDCY) last posted its quarterly earnings results on Tuesday, October 24th. The company reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The company had revenue of $3.36 billion during the quarter. Nidec had a return on equity of 10.73% and a net margin of 7.41%.
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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