Daikin Industries (OTCMKTS:DKILY) Stock Lifted to “Strong-Buy” by The Goldman Sachs Group

Daikin Industries (OTCMKTS:DKILY) was upgraded by research analysts at The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research note issued on Monday, Zacks reports.

Daikin Industries Trading Up 5.9%

Daikin Industries stock opened at $14.65 on Monday. The stock has a 50-day moving average of $13.34 and a two-hundred day moving average of $13.59. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.05 and a current ratio of 1.62. Daikin Industries has a one year low of $11.00 and a one year high of $16.43. The stock has a market cap of $42.94 billion, a PE ratio of 21.43, a price-to-earnings-growth ratio of 1.47 and a beta of 0.88.

Daikin Industries (OTCMKTS:DKILY) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. Daikin Industries had a return on equity of 8.73% and a net margin of 5.24%. The business had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $8.58 billion. On average, research analysts anticipate that Daikin Industries will post 0.66 EPS for the current fiscal year.

About Daikin Industries

Daikin Industries is a Japanese manufacturer specializing in heating, ventilation, air conditioning and refrigeration systems. Its products include residential and commercial air conditioners, heat pumps, chillers, refrigeration equipment and air purifiers, as well as related controls and services.

The company also produces fluorochemicals, including refrigerants and materials used in industrial applications, and offers oil-hydraulic equipment. Daikin was founded in Osaka in 1924 and has expanded from its Japanese manufacturing base into a global business.

Daikin serves customers in Japan and international markets across the Americas, Europe, Asia and other regions.