Denso (DNZOY) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Denso (OTCMKTS:DNZOY) from a hold rating to a buy rating in a research report released on Wednesday morning. Zacks Investment Research currently has $31.00 price objective 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. “

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Separately, ValuEngine upgraded Denso from a hold rating to a buy rating in a research note on Friday, February 2nd.

DNZOY stock opened at $26.46 on Wednesday. The firm has a market capitalization of $44,309.02, a PE ratio of 14.81, a price-to-earnings-growth ratio of 1.53 and a beta of 0.96. Denso has a 52 week low of $20.81 and a 52 week high of $32.72. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.70 and a current ratio of 2.16.

Denso (OTCMKTS:DNZOY) last released its quarterly earnings data on Friday, February 2nd. The company reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.05. The business had revenue of $11.83 billion during the quarter, compared to analyst estimates of $11.60 billion. Denso had a return on equity of 8.89% and a net margin of 6.47%. equities research analysts expect that Denso will post 1.84 earnings per share for the current fiscal 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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