ValuEngine downgraded shares of Nikon (OTCMKTS:NINOY) from a buy rating to a hold rating in a research report sent to investors on Monday morning.

Separately, Zacks Investment Research raised Nikon from a hold rating to a buy rating and set a $21.00 price objective for the company in a report on Tuesday, March 20th.

Nikon opened at $16.77 on Monday, Marketbeat reports. Nikon has a 52 week low of $14.64 and a 52 week high of $21.04. The company has a market cap of $6.65 billion, a PE ratio of 21.23, a P/E/G ratio of 7.40 and a beta of 0.57. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.84 and a quick ratio of 1.25.

Nikon (OTCMKTS:NINOY) last issued its quarterly earnings data on Thursday, May 10th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. Nikon had a return on equity of 6.24% and a net margin of 4.86%. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.80 billion. equities research analysts anticipate that Nikon will post 1.12 EPS for the current year.

Nikon Company Profile

Nikon Corporation manufactures and sells optical instruments in Japan and internationally. It operates through Imaging Products Business, Precision Equipment Business, Healthcare Business, and Industrial Metrology and Others segments. The Imaging Products Business segment develops, manufacture, sells and service of digital cameras?interchangeable lens type, interchangeable lenses and compact digital cameras, and other products.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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