Zacks: Nidec Co. (NJDCY) Receives Average Recommendation of “Strong Buy” from Analysts

Zacks: Nidec Co. (NJDCY) Receives Average Recommendation of “Strong Buy” from Analysts

Nidec Co. (NASDAQ:NJDCY) has been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokers have set a 12 month consensus price objective of $26.96 for the company, according to Zacks. Zacks has also given Nidec an industry rank of 49 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research upgraded shares of Nidec from a “sell” rating to a “hold” rating in a report on Tuesday, November 29th.

Shares of Nidec (NASDAQ:NJDCY) traded up 0.51% during mid-day trading on Wednesday, hitting $23.56. The stock had a trading volume of 624 shares. The stock’s 50-day moving average is $23.47 and its 200 day moving average is $22.86. Nidec has a 12 month low of $15.97 and a 12 month high of $24.76. The firm has a market cap of $27.95 billion and a PE ratio of 30.76.

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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