Zacks: Nissan Motor Co Ltd (NSANY) Receives Consensus Recommendation of “Hold” from Brokerages
Nissan Motor Co Ltd (NASDAQ:NSANY) has received a consensus broker rating score of 3.00 (Hold) from the two analysts that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation.
Brokers have set a 1-year consensus price target of $21.97 for the company and are expecting that the company will post $0.61 EPS for the current quarter, according to Zacks. Zacks has also given Nissan Motor Co an industry rank of 56 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research cut shares of Nissan Motor Co from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 9th.
Shares of Nissan Motor Co (NASDAQ:NSANY) traded up 1.71% on Thursday, hitting $19.05. 49,760 shares of the stock were exchanged. The company has a 50-day moving average price of $19.47 and a 200-day moving average price of $19.62. The firm has a market capitalization of $37.26 billion and a PE ratio of 8.85. Nissan Motor Co has a one year low of $17.53 and a one year high of $20.76.
Nissan Motor Co (NASDAQ:NSANY) last issued its quarterly earnings data on Thursday, February 9th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.02. The business earned $26.99 billion during the quarter, compared to analyst estimates of $25.89 billion. Equities research analysts expect that Nissan Motor Co will post $2.58 earnings per share 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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