Zacks Investment Research upgraded shares of Nidec (OTCMKTS:NJDCY) from a sell rating to a hold rating in a report issued on Friday.
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. “
Separately, ValuEngine cut shares of Nidec from a buy rating to a hold rating in a research note on Monday, October 8th.
Nidec (OTCMKTS:NJDCY) last announced its quarterly earnings results on Tuesday, October 23rd. The industrial goods maker reported $0.31 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.31. The company had revenue of $3.53 billion for the quarter. Nidec had a net margin of 9.69% and a return on equity of 15.71%. As a group, research analysts forecast that Nidec will post 1.21 EPS for the current year.
Nidec Company Profile
Nidec Corporation manufactures and sells motors and other electronic products worldwide. It offers brushless DC, brush DC, induction, SR, synchronous, servo, and stepping motors, as well as drive circuits; fans and blowers, such as DC axial flow, DC blower, and AC axial flow fans; and machinery, including inspection and measuring systems, automation units, control equipment, marking devices, and optical devices.
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