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