Zacks Investment Research Upgrades MAZDA Mtr Corp/ADR (MZDAY) to “Hold”

MAZDA Mtr Corp/ADR (OTCMKTS:MZDAY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

According to Zacks, “Mazda Motor Corp. engages in the manufacture and sale of passenger cars, commercial vehicles and automotive parts. It products include trucks, engines, transmission parts, machine tools and materials for casting. The company operates primarily in Japan, North America, Europe and Other Areas. Mazda Motor Corp. is headquartered in Aki-gun, Japan. “

Separately, JPMorgan Chase & Co. cut shares of MAZDA Mtr Corp/ADR from a “neutral” rating to a “sell” rating in a research report on Thursday, August 23rd.

Shares of MZDAY opened at $5.37 on Friday. MAZDA Mtr Corp/ADR has a 52-week low of $5.04 and a 52-week high of $7.26. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.06 and a current ratio of 1.51. The firm has a market cap of $6.34 billion, a price-to-earnings ratio of 5.71, a price-to-earnings-growth ratio of 0.99 and a beta of -0.07.

MAZDA Mtr Corp/ADR (OTCMKTS:MZDAY) last announced its earnings results on Wednesday, August 1st. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.04). The business had revenue of $8.01 billion for the quarter, compared to analyst estimates of $8.12 billion. MAZDA Mtr Corp/ADR had a return on equity of 9.01% and a net margin of 2.71%. As a group, analysts forecast that MAZDA Mtr Corp/ADR will post 0.5 earnings per share for the current fiscal year.

About MAZDA Mtr Corp/ADR

Mazda Motor Corporation manufactures and sells passenger cars and commercial vehicles in Japan, North America, Europe, China, and internationally. Its principal products include four-wheeled vehicles, gasoline reciprocating engines, diesel engines, and automatic and manual transmissions for vehicles.

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