Equities Analysts Increase Earnings Estimates for Nippon Paint Holdings Co Ltd (OTCMKTS:NPCPF)

Equities Analysts Increase Earnings Estimates for Nippon Paint Holdings Co Ltd (OTCMKTS:NPCPF)

Nippon Paint Holdings Co Ltd (OTCMKTS:NPCPF) – Investment analysts at Jefferies Financial Group lifted their FY2019 earnings per share (EPS) estimates for shares of Nippon Paint in a report released on Monday, September 9th. Jefferies Financial Group analyst Y. Azuma now anticipates that the company will post earnings per share of $1.57 for the year, up from their previous estimate of $1.38. Jefferies Financial Group also issued estimates for Nippon Paint’s FY2020 earnings at $1.91 EPS and FY2021 earnings at $1.93 EPS.

Several other equities research analysts have also recently weighed in on NPCPF. Goldman Sachs Group upgraded Nippon Paint from a “neutral” rating to a “buy” rating in a report on Monday, July 8th. Zacks Investment Research raised Nippon Paint from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Friday, July 12th. Finally, Morgan Stanley raised Nippon Paint from an “underweight” rating to an “equal weight” rating in a research note on Monday, July 1st.

NPCPF stock opened at $38.94 on Tuesday. The stock has a 50 day moving average of $38.94. Nippon Paint has a 1-year low of $31.00 and a 1-year high of $40.65.

About Nippon Paint

Nippon Paint Holdings Co, Ltd. manufactures and sells various paints and coatings in Japan, Asia, North America, Europe, and internationally. The company offers automotive coatings, such as paints for use in bumpers and plastic components; trade-use paints for homes, buildings, and bridges; and industrial coatings that are used in a range of products, including construction and farming machinery, exterior building materials, office equipment, and household electrical appliances.

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