Nidec (NJDCY) Lifted to Buy at Zacks Investment Research

Nidec (OTCMKTS:NJDCY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Saturday. The brokerage presently has a $46.00 price target on the industrial goods maker’s stock. Zacks Investment Research‘s price target points to a potential upside of 8.85% from the company’s previous close.

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. “

Shares of Nidec (OTCMKTS:NJDCY) opened at $42.26 on Friday. The stock has a market capitalization of $48,260.39, a PE ratio of 45.44, a P/E/G ratio of 1.85 and a beta of 0.92. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.09 and a quick ratio of 1.59. Nidec has a one year low of $22.49 and a one year high of $42.26.

Nidec (OTCMKTS:NJDCY) last announced its quarterly earnings data on Wednesday, January 24th. The industrial goods maker reported $0.26 earnings per share (EPS) for the quarter. The firm had revenue of $3.46 billion during the quarter. Nidec had a return on equity of 13.81% and a net margin of 8.69%. analysts predict that Nidec will post 1.01 earnings per share for the current year.

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Nidec Company Profile

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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