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

Zacks Investment Research lowered shares of Nissan Motor Co Ltd (NASDAQ:NSANY) from a buy rating to a hold rating in a 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 upgraded shares of 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 down 2.16% during midday trading on Wednesday, reaching $19.49. The company’s stock had a trading volume of 512,611 shares. The stock has a market capitalization of $38.11 billion and a PE ratio of 6.29. Nissan Motor Co has a 52 week low of $18.06 and a 52 week high of $20.91. The company has a 50 day moving average price of $20.05 and a 200-day moving average price of $19.69.

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 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 5.08% and a return on equity of 11.10%. On average, equities research analysts expect that Nissan Motor Co will post $2.58 EPS for the current 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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