NIPPON STEEL & SUM (OTCMKTS:NSSMY) was upgraded by Zacks Investment Research from a “strong sell” rating to a “strong-buy” rating in a research report issued on Thursday, July 27th. The firm currently has a $27.00 target price on the basic materials company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 19.00% from the stock’s current price.
According to Zacks, “Nippon Steel Corporation engages in steelmaking, engineering & construction, urban development, chemicals, new materials and system solutions. The Steelmaking and Fabrication operations at Nippon Steel offers steel as well as an assortment of solutions, including processing and welding. The engineering technologies could be applied in construction projects, ranging from steel, environmental and energy plants to buildings and long-span bridges. The urban development engages in transformation of low use urban districts in major cities and the sale of condominium complexes. Chemical Group undertakes operations that enhance the coal chemicals business with petrochemicals. Its new materials business supply materials solutions. NS Solutions is a source of integrated services, from system designing to subsequent development and operations. Its products include Plates, Sheets, Bars and Wire Rods, Shapes, Pipe and Tubes and Titanium. Nippon Steel Corporation is headquartered in Tokyo, Japan. “
Separately, ValuEngine raised NIPPON STEEL & SUM from a “hold” rating to a “buy” rating in a research report on Wednesday, May 31st.
NIPPON STEEL & SUM (OTCMKTS:NSSMY) last announced its quarterly earnings results on Thursday, February 1st. The basic materials company reported $0.42 earnings per share for the quarter. The firm had revenue of $12.58 billion for the quarter. NIPPON STEEL & SUM had a return on equity of 5.62% and a net margin of 4.16%. research analysts anticipate that NIPPON STEEL & SUM will post 1.9 EPS for the current fiscal year.
NIPPON STEEL & SUM Company Profile
Nippon Steel & Sumitomo Metal Corporation engages in steelmaking and steel fabrication businesses worldwide. The company operates through Steelmaking and Steel Fabrication, Engineering and Construction, Chemicals, New Materials, and System Solutions segments. It offers steel plates; steel sheets, such as hot-dip coated and electroplated steel sheets, tin plates, and electrical steel sheets; bar and rod materials; and structural steel products.
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