Zacks Investment Research Lowers Nikon (NINOY) to Hold

Zacks Investment Research lowered shares of Nikon (OTCMKTS:NINOY) from a buy rating to a hold rating in a research report sent to investors on Tuesday 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. Further, the company’s strategic acquisitions and investments to build its medical business is expected to help it reap significant benefits in the long-run. However, 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. Shares have underperformed the industry in the past year.”

How to Become a New Pot Stock Millionaire

Separately, ValuEngine raised shares of Nikon from a hold rating to a buy rating in a research report on Friday, February 2nd.

OTCMKTS:NINOY opened at $17.31 on Tuesday. The company has a market cap of $7,095.56, a price-to-earnings ratio of 18.44, a PEG ratio of 16.24 and a beta of 0.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.93 and a quick ratio of 1.24. Nikon has a fifty-two week low of $14.02 and a fifty-two week high of $21.04.

Nikon (OTCMKTS:NINOY) last released its earnings results on Thursday, February 8th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.87 billion. Nikon had a net margin of 2.29% and a return on equity of 7.69%. sell-side analysts expect that Nikon will post 0.75 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This piece of content was posted by Ticker Report and is owned by of Ticker Report. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/3337138/zacks-investment-research-lowers-nikon-ninoy-to-hold.html.

Nikon Company Profile

Nikon Corporation manufactures and sells optical instruments in Japan and internationally. It operates through Imaging Products Business, Precision Equipment Business, Healthcare Business, and Industrial Metrology and Others segments. The Imaging Products Business segment develops, manufacture, sells and service of digital cameras?interchangeable lens type, interchangeable lenses and compact digital cameras, and other products.

Get a free copy of the Zacks research report on Nikon (NINOY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Latest News

Manhattan Associates  Expected to Announce Quarterly Sales of $129.75 Million
Manhattan Associates Expected to Announce Quarterly Sales of $129.75 Million
Analysts Set Granite Construction  PT at $73.00
Analysts Set Granite Construction PT at $73.00
Salesforce.com  Receives Consensus Recommendation of “Buy” from Analysts
Salesforce.com Receives Consensus Recommendation of “Buy” from Analysts
Reliance Steel & Aluminum  and L.B. Foster  Critical Survey
Reliance Steel & Aluminum and L.B. Foster Critical Survey
Head to Head Survey: ZTE  and Absolute Software
Head to Head Survey: ZTE and Absolute Software
Dovu  Price Up 54.1% This Week
Dovu Price Up 54.1% This Week


Leave a Reply

© 2006-2018 Ticker Report. Google+.