Nissan Motor Co Ltd (NSANY) Lowered to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of Nissan Motor Co Ltd (NASDAQ:NSANY) from a buy rating to a hold rating in a research note released 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 shares of Nissan Motor Co from a neutral rating to an overweight rating in a report on Wednesday, July 5th.

Shares of Nissan Motor Co (NASDAQ:NSANY) opened at 20.55 on Wednesday. Nissan Motor Co has a 12 month low of $18.06 and a 12 month high of $20.76. The stock has a market capitalization of $40.19 billion and a PE ratio of 6.66. The company’s 50-day moving average is $20.02 and its 200-day moving average is $19.68.

Nissan Motor Co (NASDAQ:NSANY) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.64 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.64. The business had revenue of $24.85 billion for the quarter, compared to the consensus estimate of $25.02 billion. Nissan Motor Co had a net margin of 5.08% and a return on equity of 11.10%. Equities research analysts expect that Nissan Motor Co will post $2.58 earnings per share for the current fiscal 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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