Nikon Corp. (NINOY) is now a “Strong Buy” at Zacks Equity Research

Nikon Corp. (NINOY) is now a “Strong Buy” according to Zacks Equity Research – they recently moved the stock to a Zacks Rank #1 (Strong Buy):

“Nikon Corp. could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.

This company is expected to earn $0.92 per share for the fiscal year ending March 2022, which represents a year-over-year change of 203.4%.

Analysts have been steadily raising their estimates for Nikon Corp. Over the past three months, the Zacks Consensus Estimate for the company has increased 21.8%.

The upgrade of Nikon Corp. to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.”

Via Zacks

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