Zacks Lowers Nidec to Neutral (NJ)
Nidec (NYSE:NJ) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday. They currently have a $18.30 price target on the stock. Zacks‘s price objective indicates a potential upside of 14.16% from the stock’s previous close.
Nidec (NYSE:NJ) traded down 1.05% on Monday, hitting $16.03. The stock had a trading volume of 22,978 shares. Nidec has a 52-week low of $12.50 and a 52-week high of $31.40. The stock’s 50-day moving average is $16.20 and its 200-day moving average is $19.14. The company has a market cap of $17.684 billion and a P/E ratio of 32.24.
Nidec Corporation (NYSE:NJ) is a global manufacturer of electric motors, and related components and equipment.
To view Zacks’ full report, visit Zacks’ official website.
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