Nikon (NINOY) Cut to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Nikon (OTCMKTS:NINOY) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.

According to Zacks, “Nikon’s growth blueprint is based on four initiatives — a merger & acquisition program, research & development program, human resource program and cost-reduction program. Nikon is bullish on its Healthcare business along with Industrial Metrology segment. Moreover, the company is undertaking initiatives to stabilize the financials of its core business areas, including Precision Equipment and Imaging Products, to drive growth. However, prolonged softness in the Semiconductor Lithography business and poor performance from Imaging Products and Precision Equipment units remain headwinds. Moreover, high R&D expenditure, restructuring costs and investments related to the medical business, are escalating the company’s operational costs, thus putting pressure on margins. Over the past year, Nikon’s shares have underperformed the industry average.”

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Separately, ValuEngine upgraded Nikon from a hold rating to a buy rating in a research report on Sunday, December 31st.

NINOY stock opened at $17.95 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.93 and a quick ratio of 1.24. The company has a market capitalization of $7,384.19, a PE ratio of 49.86, a price-to-earnings-growth ratio of 24.56 and a beta of 0.50. Nikon has a 1 year low of $14.02 and a 1 year high of $21.04.

Nikon (OTCMKTS:NINOY) last posted its earnings results on Thursday, February 8th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.04). The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.87 billion. Nikon had a net margin of 2.29% and a return on equity of 7.69%. equities research analysts anticipate that Nikon will post 0.75 EPS for the current fiscal year.

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Nikon Company Profile

NIKON CORPORATION is mainly engaged in the manufacture and sale of image and video equipment. The Company operates in four business segments, including the Precision Equipment segment, Video segment, Instruments segment, Medical segment. The Precision Equipment segment offers semiconductor exposure apparatus and flat panel display (FPD) exposure apparatus products and services.

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