Zacks Investment Research Upgrades Mazda Motor Corp (NASDAQ:MZDAY) to Strong-Buy

Mazda Motor Corp (NASDAQ:MZDAY) was upgraded by Zacks Investment Research from a “strong sell” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday. The brokerage currently has a $8.25 target price on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 15.55% from the stock’s current price.

According to Zacks, “Mazda Motor Corp. engages in the manufacture and sale of passenger cars, commercial vehicles and automotive parts. It products include trucks, engines, transmission parts, machine tools and materials for casting. The company operates primarily in Japan, North America, Europe and Other Areas. Mazda Motor Corp. is headquartered in Aki-gun, Japan. “

Mazda Motor Corp (MZDAY) opened at 7.14 on Friday. The company’s 50-day moving average price is $6.82 and its 200 day moving average price is $7.25. Mazda Motor Corp has a 52-week low of $6.64 and a 52-week high of $8.71. The firm has a market capitalization of $8.54 billion and a price-to-earnings ratio of 10.20.

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