Zacks: Nidec Co. (NASDAQ:NJDCY) Given $25.71 Average Price Target by Analysts

Shares of Nidec Co. (NASDAQ:NJDCY) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokers have set a 12-month consensus price target of $25.71 for the company, according to Zacks. Zacks has also given Nidec an industry rank of 81 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research lowered shares of Nidec from a “buy” rating to a “hold” rating in a research note on Wednesday, June 1st.

Shares of Nidec (NASDAQ:NJDCY) traded up 0.22% during mid-day trading on Tuesday, reaching $22.34. 3,370 shares of the company’s stock traded hands. The company has a market cap of $26.50 billion and a P/E ratio of 29.81. Nidec has a 12-month low of $15.97 and a 12-month high of $23.40. The firm has a 50-day moving average of $22.50 and a 200 day moving average of $19.92.

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.

5 Day Chart for NASDAQ:NJDCY

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