Nidec (NJDCY) Raised to “Buy” at Zacks Investment Research

Nidec (OTCMKTS:NJDCY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Saturday. The firm presently has a $43.00 price target on the industrial goods maker’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 15.58% from the stock’s previous close.

According to Zacks, “Nidec Corp and its subsidiaries are primarily engaged in the design, development, manufacturing and marketing of i) small precision motors, ii) mid-size motors, iii) machinery and power supplies, and iv) other products, which include auto parts, pivot assemblies, encoders and other services. Manufacturing operations are located primarily in Asia and they have sales subsidiaries in Asia, North America and Europe. “

How to Become a New Pot Stock Millionaire

Separately, ValuEngine raised Nidec from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st.

NJDCY stock opened at $37.21 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.59 and a current ratio of 2.09. The firm has a market capitalization of $46,033.89, a P/E ratio of 40.01, a PEG ratio of 1.76 and a beta of 1.07. Nidec has a 52 week low of $22.49 and a 52 week high of $42.27.

Nidec (OTCMKTS:NJDCY) last announced its earnings results on Wednesday, January 24th. The industrial goods maker reported $0.26 earnings per share for the quarter. The business had revenue of $3.46 billion during the quarter. Nidec had a return on equity of 13.81% and a net margin of 8.69%. research analysts anticipate that Nidec will post 1.01 earnings per share for the current year.

WARNING: This article was first posted by Ticker Report and is the property of of Ticker Report. If you are viewing this article on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this article can be accessed at https://www.tickerreport.com/banking-finance/3295230/nidec-njdcy-raised-to-buy-at-zacks-investment-research.html.

About Nidec

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.

Receive News & Ratings for Nidec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nidec and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

LeMaitre Vascular  Issues Q2 Earnings Guidance
LeMaitre Vascular Issues Q2 Earnings Guidance
PRCoin  Market Capitalization Hits $18,688.00
PRCoin Market Capitalization Hits $18,688.00
Creatio  Trading 7.1% Higher  This Week
Creatio Trading 7.1% Higher This Week
Cherokee  versus J.Jill  Financial Analysis
Cherokee versus J.Jill Financial Analysis
Head to Head Comparison: Allegheny Technologies  & Synalloy
Head to Head Comparison: Allegheny Technologies & Synalloy
$49.78 Million in Sales Expected for FranklinCovey  This Quarter
$49.78 Million in Sales Expected for FranklinCovey This Quarter


© 2006-2018 Ticker Report. Google+.