Denso (OTCMKTS:DNZOY) Raised to Hold at Zacks Research

Denso (OTCMKTS:DNZOY) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Separately, The Goldman Sachs Group downgraded shares of Denso from a “strong-buy” rating to a “neutral” rating in a research note on Wednesday, January 7th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Denso Price Performance

Shares of DNZOY opened at $13.78 on Monday. The business’s 50-day moving average is $13.56 and its 200-day moving average is $14.03. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.73 and a quick ratio of 1.16. The company has a market capitalization of $40.11 billion, a price-to-earnings ratio of 16.02 and a beta of 1.07. Denso has a fifty-two week low of $10.96 and a fifty-two week high of $15.85.

Denso (OTCMKTS:DNZOY) last announced its quarterly earnings data on Friday, October 31st. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). The company had revenue of $11.91 billion for the quarter, compared to analysts’ expectations of $11.67 billion. Denso had a net margin of 4.92% and a return on equity of 6.84%. Equities research analysts expect that Denso will post 1.05 EPS for the current fiscal year.

About Denso

Denso Corporation (OTCMKTS: DNZOY) is a global supplier of automotive technology, systems and components headquartered in Kariya, Aichi Prefecture, Japan. The company designs, manufactures and supplies a wide range of parts and systems for original equipment manufacturers (OEMs) and the aftermarket. Denso’s offerings span thermal systems, powertrain control, electrification components, electronic modules, sensors and actuators, and vehicle safety and driver assistance technologies.

Key product areas include climate control and HVAC components, radiators and heat exchangers, engine and fuel-management systems, starters and alternators, electronic control units (ECUs), sensors, and a growing portfolio of electrification products such as inverters, battery-management systems and charging components.