Zacks Investment Research upgraded shares of Nidec (OTCMKTS:NJDCY) from a hold rating to a strong-buy rating in a research note issued to investors on Friday morning. The brokerage currently has $39.00 target price on the industrial goods maker’s stock.

According to Zacks, “Nidec Corp and its subsidiaries are primarily engaged in the design, development, manufacturing and marketing of i) small precision motors, ii) mid-size motors, iii) machinery and power supplies, and iv) other products, which include auto parts, pivot assemblies, encoders and other services. Manufacturing operations are located primarily in Asia and they have sales subsidiaries in Asia, North America and Europe. “

Several other research firms have also recently weighed in on NJDCY. Keefe, Bruyette & Woods assumed coverage on Nidec in a research report on Thursday, September 14th. They issued an outperform rating and a $14.00 price objective for the company. DA Davidson reissued a neutral rating and issued a $18.00 price objective on shares of Nidec in a research report on Friday, September 1st.

Shares of Nidec (NJDCY) opened at $34.63 on Friday. The stock has a market capitalization of $41,298.66, a P/E ratio of 38.05, a price-to-earnings-growth ratio of 1.84 and a beta of 0.93. The company has a current ratio of 1.86, a quick ratio of 1.45 and a debt-to-equity ratio of 0.32. Nidec has a 12-month low of $20.95 and a 12-month high of $36.18.

Nidec (OTCMKTS:NJDCY) last announced its earnings results on Tuesday, October 24th. The industrial goods maker reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. The firm had revenue of $3.36 billion during the quarter. Nidec had a return on equity of 13.92% and a net margin of 9.01%. equities analysts forecast that Nidec will post 0.99 EPS for the current fiscal year.

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About Nidec

Nidec Corporation is engaged in manufacturing of electric motors and related components and equipment. The Company focuses on providing brushless direct current (DC) motors for the information technology (IT) industry. The Company operates through nine segments: Nidec Corporation, Nidec Electronics (Thailand), Nidec Singapore, Nidec (H.K.), Nidec Sankyo, Nidec Copal, Nidec Techno Motor, Nidec Motor, and Nidec Motors & Actuators.

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