Nidec (NJDCY) Upgraded to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Nidec (OTCMKTS:NJDCY) from a hold rating to a buy rating in a research report released on Saturday, January 27th. Zacks Investment Research currently has $46.00 price target on the industrial goods maker’s stock.

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. “

Nidec (NJDCY) opened at $38.57 on Friday. Nidec has a 12-month low of $22.49 and a 12-month high of $42.27. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.59 and a current ratio of 2.09. The firm has a market cap of $44,624.57, a PE ratio of 41.47, a PEG ratio of 1.71 and a beta of 1.07.

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

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About Nidec

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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