Zacks Research Upgrades Nippon Paint (OTCMKTS:NPCPF) to Hold

Nippon Paint (OTCMKTS:NPCPF) was upgraded by analysts at Zacks Research to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Nippon Paint Price Performance

Nippon Paint stock opened at $6.73 on Monday. The stock has a market capitalization of $15.67 billion, a PE ratio of 12.02 and a beta of 0.06. Nippon Paint has a 12 month low of $6.00 and a 12 month high of $8.12. The business has a 50 day simple moving average of $6.32 and a 200-day simple moving average of $5.27. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.16 and a quick ratio of 1.78.

Nippon Paint (OTCMKTS:NPCPF) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.14 EPS for the quarter. The business had revenue of $3.13 billion during the quarter. Nippon Paint had a return on equity of 11.52% and a net margin of 10.53%. On average, analysts anticipate that Nippon Paint will post 0.48 EPS for the current fiscal year.

Nippon Paint Company Profile

Nippon Paint Holdings Co, Ltd. is a leading global manufacturer of paints and coatings, with roots tracing back to its founding in 1881 in Osaka, Japan. The company develops, produces, and markets a broad portfolio of decorative paints for residential and commercial applications, as well as high-performance industrial coatings tailored to automotive, marine, aerospace, protective, and general industrial markets. Its product lines include emulsions, primers, topcoats, powder coatings, and specialty formulations designed to meet stringent performance and environmental standards.

Through a network of subsidiaries, joint ventures, and strategic alliances, Nippon Paint serves customers across Asia, Europe, North America, and other emerging markets.