Zacks Investment Research upgraded shares of Nissan Motor Co Ltd (NASDAQ:NSANY) from a hold rating to a buy rating in a research report released on Tuesday, September 12th. The brokerage 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 Nissan Motor Co from a neutral rating to an overweight rating in a research note on Wednesday, July 5th.
Shares of Nissan Motor Co (NASDAQ:NSANY) traded up 1.07% on Tuesday, reaching $20.87. The company had a trading volume of 97,231 shares. The stock has a 50 day moving average price of $20.05 and a 200-day moving average price of $19.69. Nissan Motor Co has a 12 month low of $18.06 and a 12 month high of $20.91. The company has a market capitalization of $40.81 billion and a price-to-earnings ratio of 6.74.
Nissan Motor Co (NASDAQ:NSANY) last announced its earnings results on Thursday, July 27th. The company reported $0.64 earnings per share for the quarter, meeting the consensus estimate of $0.64. The firm had revenue of $24.85 billion for the quarter, compared to the consensus estimate of $25.02 billion. Nissan Motor Co had a return on equity of 11.10% and a net margin of 5.08%. Analysts forecast that Nissan Motor Co will post $2.58 EPS for the current fiscal 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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