Analysts Set $25.71 Price Target for Nidec Co. (NJDCY)
Shares of Nidec Co. (NASDAQ:NJDCY) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokerages have set a 1 year consensus price target of $25.71 for the company, according to Zacks. Zacks has also assigned Nidec an industry rank of 173 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised shares of Nidec from a “sell” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Tuesday, June 28th.
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Nidec (NASDAQ:NJDCY) traded down 1.43% during trading on Tuesday, reaching $22.72. 1,681 shares of the company were exchanged. The firm’s 50 day moving average price is $22.42 and its 200-day moving average price is $20.23. The stock has a market capitalization of $26.96 billion and a price-to-earnings ratio of 30.97. Nidec has a one year low of $15.97 and a one year high of $23.40.
Nidec Company Profile
Nidec Corporation is engaged in manufacturing of electric motors and related components and equipment. The Company focuses on providing brushless direct current (DC) motors for the information technology (IT) industry. The Company operates through nine segments: Nidec Corporation, Nidec Electronics (Thailand), Nidec Singapore, Nidec (H.K.), Nidec Sankyo, Nidec Copal, Nidec Techno Motor, Nidec Motor, and Nidec Motors & Actuators.
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