J P Morgan Chase & Co Upgrades Nissan Motor Co Ltd (NASDAQ:NSANY) to “Overweight”

Nissan Motor Co Ltd (NASDAQ:NSANY) was upgraded by J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating in a research note issued to investors on Wednesday, July 5th, The Fly reports.

Separately, Zacks Investment Research raised Nissan Motor Co from a “sell” rating to a “hold” rating in a report on Tuesday, June 6th.

Nissan Motor Co (NSANY) traded down 0.99% during midday trading on Wednesday, hitting $19.91. The firm has a market capitalization of $38.94 billion and a P/E ratio of 6.64. The company has a 50 day moving average price of $19.91 and a 200-day moving average price of $19.65. Nissan Motor Co has a 52 week low of $18.06 and a 52 week high of $20.76.

Nissan Motor Co (NASDAQ:NSANY) last posted its earnings results on Thursday, July 27th. The company reported $0.64 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.64. The business had revenue of $24.85 billion for the quarter, compared to analyst estimates of $25.02 billion. Nissan Motor Co had a return on equity of 21.41% and a net margin of 7.60%. Equities research analysts predict that Nissan Motor Co will post $2.58 EPS for the current fiscal year.

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Nissan Motor Co Company Profile

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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