Zacks Investment Research Upgrades Denso (DNZOY) to Buy

Zacks Investment Research upgraded shares of Denso (OTCMKTS:DNZOY) from a hold rating to a buy rating in a research report released on Thursday morning. The brokerage currently has $36.00 target price on the stock.

According to Zacks, “Denso Corporation is the global manufacturer and supplier of automotive technology, systems and auto parts. Its automotive supplies include advanced technology, systems and components in the areas of thermal, power train control, electric, electronics and information and safety. The Company’s product line includes body electronics, hybrid vehicle components, automatic identification products, industrial robots, programmable logic controllers; and products that provide engine management, climate control, driving control and safety. Products offered by Denso are: automotive air conditioning, heaters, cockpit modules, radiators, starters, alternators, concealed rear wipers, windshield wiper, washer systems, power windows, airbag sensing, lane keeping assist, electric power steering systems, battery ECU, DC-DC converters, integrated starter generators, electric compressors, car navigation systems, electronic toll collection systems, and data communication modules. Denso is headquartered in Kariya City, Japan. “

Separately, ValuEngine raised Denso from a hold rating to a buy rating in a research note on Sunday, December 31st.

Shares of Denso (DNZOY) opened at $32.12 on Thursday. The stock has a market capitalization of $50,340.00, a PE ratio of 17.61, a P/E/G ratio of 1.72 and a beta of 0.99. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.16 and a quick ratio of 1.70. Denso has a one year low of $20.81 and a one year high of $32.42.

Denso (OTCMKTS:DNZOY) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $0.45 earnings per share (EPS) for the quarter. Denso had a return on equity of 8.91% and a net margin of 6.68%. analysts predict that Denso will post 1.77 earnings per share for the current year.

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About Denso

DENSO Corporation is a supplier of automotive technology, systems and components for automakers. The Company’s segments include Japan, North America, Europe, Asia and Others. It is organized into business groups, including Powertrain Control, which is engaged in the development and production of gasoline and diesel engine control systems; Thermal, which is engaged in the development and production of air-conditioning systems; Information and Safety Systems, which is engaged in the development and production of air-conditioning systems; Electronic, which is engaged in the development and production of semiconductor sensors and microelectronic devices; Small Motors, which is engaged in the development and production of windshield wiper systems; Industrial Systems, which is engaged in the development and production of bar code, and industrial robots, and Consumer Products, which is engaged is engaged in the development and production of carbon dioxide refrigerant heat-pump water heaters.

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