Nissan Motor Co Ltd (NSANY) Cut to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Nissan Motor Co Ltd (NASDAQ:NSANY) from a buy rating to a hold rating in a research report released on Wednesday, September 13th.

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 research note on Wednesday, July 5th.

Nissan Motor Co (NSANY) traded down 0.19% during midday trading on Wednesday, hitting $20.65. 39,438 shares of the stock were exchanged. The firm’s 50 day moving average price is $20.05 and its 200 day moving average price is $19.69. Nissan Motor Co has a 12 month low of $18.06 and a 12 month high of $20.76. The company has a market cap of $40.38 billion and a PE ratio of 6.67.

Nissan Motor Co (NASDAQ:NSANY) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.64 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 return on equity of 11.10% and a net margin of 5.08%. On average, equities research analysts forecast that Nissan Motor Co will post $2.58 earnings per share 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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