The Goldman Sachs Group Upgrades Aisin Seiki (OTCMKTS:ASEKY) to Strong-Buy

Key Points

• The Goldman Sachs Group upgraded Aisin Seiki (OTCMKTS:ASEKY) from a "hold" to a strong-buy, while Zacks recently moved the stock from "strong sell" to "hold," leaving a MarketBeat average rating of "Buy."
• Aisin reported a quarterly beat with $0.56 EPS vs. $0.32 expected and revenue of $8.44 billion versus $8.01 billion, and trades at a market cap of $11.59 billion with a P/E of 9.98 and low leverage (debt/equity 0.22).

Aisin Seiki (OTCMKTS:ASEKY - Get Free Report) was upgraded by investment analysts at The Goldman Sachs Group from a "hold" rating to a "strong-buy" rating in a report issued on Wednesday,Zacks.com reports.

Separately, Zacks Research upgraded Aisin Seiki from a "strong sell" rating to a "hold" rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Aisin Seiki has an average rating of "Buy".

Aisin Seiki Price Performance

OTCMKTS:ASEKY opened at $15.28 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.17 and a current ratio of 1.74. Aisin Seiki has a 52 week low of $11.40 and a 52 week high of $19.50. The firm has a market cap of $11.59 billion, a price-to-earnings ratio of 9.98 and a beta of 0.49. The firm's 50-day simple moving average is $15.01 and its 200 day simple moving average is $16.82.

Aisin Seiki (OTCMKTS:ASEKY - Get Free Report) last released its earnings results on Tuesday, April 28th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.32 by $0.24. Aisin Seiki had a net margin of 3.34% and a return on equity of 7.29%. The firm had revenue of $8.44 billion for the quarter, compared to analyst estimates of $8.01 billion. As a group, sell-side analysts predict that Aisin Seiki will post 1.53 earnings per share for the current year.

About Aisin Seiki

Aisin Seiki Co, Ltd., commonly known as Aisin, is a Japanese automotive parts manufacturer founded in 1949 and headquartered in Anjo, Aichi Prefecture. Originally established to supply repair parts for Toyota Motor Corporation, Aisin has grown into one of the world's largest Tier-1 suppliers, delivering a broad portfolio of components to leading original equipment manufacturers (OEMs) across the globe.

The company's core business centers on the design and production of automotive systems and components.

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