Nabtesco (OTCMKTS:NCTKF) Raised to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Nabtesco (OTCMKTS:NCTKF) from a hold rating to a buy rating in a research note released on Wednesday morning, Zacks.com reports. The firm currently has $33.00 price target on the stock.

According to Zacks, “Nabtesco Corporation manufactures and sells equipment in the areas of transportation, industry and livelihood-related fields. Its business segment includes Precision Reduction Gears, New Energy Equipment, Railroad Vehicle Equipment, Commercial Vehicle Equipment, Hydraulic and Aircraft Equipment, Packaging Machines and Welfare Equipment. Nabtesco Corporation is based in Tokyo, Japan. “

NCTKF stock opened at $29.06 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.48 and a quick ratio of 1.25. Nabtesco has a 52-week low of $29.06 and a 52-week high of $32.26. The company has a 50-day moving average of $29.64 and a two-hundred day moving average of $35.17. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 5.26 and a beta of 1.48.

Nabtesco (OTCMKTS:NCTKF) last released its quarterly earnings results on Friday, October 29th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.48). Nabtesco had a net margin of 24.56% and a return on equity of 29.14%. The firm had revenue of $622.52 million for the quarter, compared to the consensus estimate of $690.91 million. Equities analysts expect that Nabtesco will post 4.82 EPS for the current fiscal year.

About Nabtesco

Nabtesco Corp. engages in the manufacture and sale of motion control technology based products. It operates through the following segments: Component Solutions, Transport Solutions, Accessibility Solutions, and Others. The Component Solutions segment handles the design, manufacture, sale, maintenance and repair of industrial robot parts and equipment for construction machinery.

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