By Doug Wharley – 0 comments
Nissan Motor Co Ltd (NASDAQ:NSANY) was upgraded by research analysts at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating in a note issued to investors on Wednesday, July 5th, The Fly reports.
Separately, Zacks Investment Research raised shares of Nissan Motor Co from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th.
Shares of Nissan Motor Co (NASDAQ:NSANY) traded down 0.30% during midday trading on Wednesday, reaching $19.78. 21,615 shares of the company were exchanged. Nissan Motor Co has a 52-week low of $18.06 and a 52-week high of $20.76. The company has a market capitalization of $38.68 billion and a P/E ratio of 6.60. The stock has a 50-day moving average price of $19.92 and a 200 day moving average price of $19.65.
Nissan Motor Co (NASDAQ:NSANY) last released its earnings results on Thursday, July 27th. The company reported $0.64 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.64. The business had revenue of $24.85 billion during the quarter, compared to the consensus estimate of $25.02 billion. Nissan Motor Co had a net margin of 7.60% and a return on equity of 21.41%. Equities research analysts expect 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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