Zacks Research Upgrades Nippon Paint (OTCMKTS:NPCPF) to “Hold”

Nippon Paint (OTCMKTS:NPCPF) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Nippon Paint Stock Performance

OTCMKTS NPCPF opened at $6.73 on Monday. Nippon Paint has a twelve month low of $6.00 and a twelve month high of $8.12. The company has a quick ratio of 1.78, a current ratio of 2.16 and a debt-to-equity ratio of 0.71. The stock has a market cap of $15.67 billion, a P/E ratio of 12.02 and a beta of 0.06. The company’s 50-day simple moving average is $6.32 and its 200 day simple moving average is $5.27.

Nippon Paint (OTCMKTS:NPCPF) last announced its quarterly earnings results on Friday, May 15th. The company reported $0.14 EPS for the quarter. The firm had revenue of $3.13 billion during the quarter. Nippon Paint had a net margin of 10.53% and a return on equity of 11.52%. As a group, research analysts forecast that Nippon Paint will post 0.48 earnings per share for the current fiscal year.

About Nippon Paint

Nippon Paint Holdings Co, Ltd. is a leading global manufacturer of paints and coatings, with roots tracing back to its founding in 1881 in Osaka, Japan. The company develops, produces, and markets a broad portfolio of decorative paints for residential and commercial applications, as well as high-performance industrial coatings tailored to automotive, marine, aerospace, protective, and general industrial markets. Its product lines include emulsions, primers, topcoats, powder coatings, and specialty formulations designed to meet stringent performance and environmental standards.

Through a network of subsidiaries, joint ventures, and strategic alliances, Nippon Paint serves customers across Asia, Europe, North America, and other emerging markets.