Zacks Investment Research upgraded shares of Nissan Motor (OTCMKTS:NSANY) from a hold rating to a strong-buy rating in a report issued on Friday morning. Zacks Investment Research currently has $24.00 target price on the stock.
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, ValuEngine upgraded Nissan Motor from a hold rating to a buy rating in a research report on Friday, December 1st.
Nissan Motor (OTCMKTS:NSANY) last released its earnings results on Thursday, February 8th. The company reported $1.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.92. The company had revenue of $25.48 billion for the quarter, compared to the consensus estimate of $26.13 billion. Nissan Motor had a return on equity of 13.75% and a net margin of 6.89%. equities analysts anticipate that Nissan Motor will post 3.41 EPS for the current fiscal year.
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About Nissan Motor
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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