Nissan Motor Co Ltd (NSANY) Downgraded by Zacks Investment Research to “Hold”

Nissan Motor Co Ltd (NASDAQ:NSANY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “Nissan Motor Company, Ltd. manufactures and markets motor vehicles and parts. In North America, Nissan’s operations include styling, engineering, manufacturing, sales, customer and corporate finance and industrial and textile equipment. Nissan in North America employs more than 20,000 people in the United States, Canada and Mexico and generates nearly 75,000 jobs through its 1,500 Nissan and Infinity dealerships across the continent. “

Separately, J P Morgan Chase & Co upgraded Nissan Motor Co from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 5th.

Nissan Motor Co (NSANY) opened at 20.35 on Wednesday. The company has a market cap of $39.80 billion and a price-to-earnings ratio of 6.63. The stock has a 50 day moving average price of $20.01 and a 200-day moving average price of $19.65. Nissan Motor Co has a 1-year low of $18.06 and a 1-year high of $20.76.

Nissan Motor Co (NASDAQ:NSANY) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.64 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.64. Nissan Motor Co had a return on equity of 11.10% and a net margin of 5.08%. The firm had revenue of $24.85 billion during the quarter, compared to analyst estimates of $25.02 billion. On average, equities research analysts forecast that Nissan Motor Co will post $2.58 EPS for the current year.

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Nissan Motor Co Company Profile

Nissan Motor Co, Ltd. is engaged in manufacturing, sales and related business of automotive products and marine equipment. The Company’s segments include Automobile and Sales Financing. The Automobile business includes manufacturing and sales of vehicles and parts. The Sales financing business provides sales finance service and leasing to support sales activities of the automobile business.

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