Topic: Growth Stocks

NISSAN MOTOR $21.20 – Nasdaq symbol NSANY

NISSAN MOTOR (ADR) $21.20 (Nasdaq symbol NSANY; TSINetwork Rating: Above Average) (310-771- 3111; www.nissan-global.com; Shares outstanding: 2.3 billion; Market cap: $48.1 billion; Dividend yield: 2.8%) is Japan’s second-largest automaker, after Toyota.

The company’s sales declined 45% in Russia in February 2015, to 9,447 vehicles. Mass-market brands like Nissan and GM were down the most among automakers in a month that saw overall Russian car and truck sales plunge 38%, to 128,298.

The decline was the result of the weakening Russian economy and the sharply lower ruble. Overall, Russian vehicle sales were down just 10% in 2014, but volumes were helped by a surge in December sales from Russians buying vehicles to make the most of their rapidly devaluing rubles.

Still, Russia makes up just 3% of Nissan’s total Still, Russia makes up just 3% of Nissan’s total sales, and the company’s shares have jumped 25% since the start of 2015. Nissan’s U.S. sales rose 2.7% in February, to a record 118,436 vehicles, despite severe winter weather in some key southern and eastern U.S. markets. The company’s global production is also at record highs.

Nissan is still a buy.

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