Nidec Co. (NASDAQ:NJDCY) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokerages have set a one year consensus price target of $25.71 for the company, according to Zacks. Zacks has also given Nidec an industry rank of 83 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research cut Nidec from a “buy” rating to a “sell” rating in a research report on Wednesday, June 15th.
Nidec (NASDAQ:NJDCY) opened at 22.90 on Tuesday. Nidec has a 52 week low of $15.97 and a 52 week high of $23.40. The stock’s 50 day moving average price is $22.47 and its 200 day moving average price is $20.01. The firm has a market capitalization of $27.17 billion and a P/E ratio of 30.33.
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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