Zacks: Nissan Motor Co Ltd (NSANY) Receives Consensus Recommendation of “Hold” from Brokerages
Nissan Motor Co Ltd (NASDAQ:NSANY) has received a consensus broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating.
Analysts have set a 12 month consensus price objective of $21.30 for the company and are forecasting that the company will post $0.64 earnings per share for the current quarter, according to Zacks. Zacks has also given Nissan Motor Co an industry rank of 6 out of 265 based on the ratings given to its competitors.
A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Nissan Motor Co from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th. J P Morgan Chase & Co upgraded shares of Nissan Motor Co from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 5th.
Nissan Motor Co (NSANY) opened at 19.80 on Tuesday. Nissan Motor Co has a one year low of $18.06 and a one year high of $20.76. The company has a market capitalization of $38.72 billion and a PE ratio of 6.60. The company 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 posted its earnings results on Thursday, July 27th. The company reported $0.64 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.64. The company 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%. Analysts expect that Nissan Motor Co will post $2.58 earnings per share for the current fiscal year.
Nissan Motor Co Company Profile
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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