Nissan Motor Co. (NSANY) Downgraded by Zacks Investment Research to Hold
Nissan Motor Co. (OTCMKTS:NSANY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “Nissan Motor Company, Ltd. manufactures and markets motor vehicles and parts. In North America, Nissan’s operations include styling, engineering, manufacturing, sales, customer and corporate finance and industrial and textile equipment. Nissan in North America employs more than 20,000 people in the United States, Canada and Mexico and generates nearly 75,000 jobs through its 1,500 Nissan and Infinity dealerships across the continent. “
Separately, JPMorgan Chase & Co. downgraded shares of Nissan Motor from an “overweight” rating to a “neutral” rating in a research note on Tuesday, August 16th.
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Shares of Nissan Motor (OTCMKTS:NSANY) traded down 1.27% during midday trading on Tuesday, hitting $19.47. 92,907 shares of the stock were exchanged. Nissan Motor has a 12 month low of $16.57 and a 12 month high of $21.92. The firm has a 50 day moving average of $19.61 and a 200-day moving average of $19.04. The stock has a market cap of $39.64 billion, a P/E ratio of 8.19 and a beta of 0.88.
About Nissan Motor
Nissan Motor Co, Ltd. is engaged in manufacturing, sales and related business of automotive products and marine equipment. The Company’s segments include Automobile and Sales Financing. The Company’s Automobile segment includes passenger cars, commercial vehicles and manufacturing parts for overseas production.
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