Zacks Investment Research upgraded shares of Nissan Motor Co Ltd (NASDAQ:NSANY) from a hold rating to a strong-buy rating in a research report released on Wednesday morning. The brokerage currently has $23.00 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. “
Shares of Nissan Motor Co (NASDAQ:NSANY) traded down 0.93% during mid-day trading on Wednesday, reaching $20.18. 2,672 shares of the company’s stock traded hands. The stock has a market cap of $40.05 billion and a PE ratio of 9.94. The firm has a 50 day moving average price of $19.91 and a 200-day moving average price of $19.57. Nissan Motor Co has a 12 month low of $16.57 and a 12 month high of $20.76.
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.
Get a free copy of the Zacks research report on Nissan Motor Co (NSANY)
For more information about research offerings from Zacks Investment Research, visit Zacks.com