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, March 24th. The firm currently has a $43.00 price target on the industrial goods maker’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 11.04% from the stock’s current price.

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. “

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Separately, ValuEngine raised Nidec from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st.

OTCMKTS:NJDCY traded up $0.12 during mid-day trading on Friday, reaching $38.73. 12,348 shares of the company’s stock traded hands, compared to its average volume of 51,384. Nidec has a 12-month low of $22.61 and a 12-month high of $42.27. The company has a market cap of $45,714.13, a PE ratio of 44.51, a P/E/G ratio of 1.41 and a beta of 1.11. 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 (OTCMKTS:NJDCY) last announced its quarterly earnings results on Wednesday, January 24th. The industrial goods maker reported $0.26 earnings per share (EPS) for the quarter. Nidec had a return on equity of 13.81% and a net margin of 8.69%. The company had revenue of $3.46 billion for the quarter. analysts expect that Nidec will post 1.03 EPS for the current fiscal year.

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About Nidec

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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