Zacks Research Upgrades Denso (OTCMKTS:DNZOY) to Hold

Key Points

• Zacks Research upgraded Denso (OTCMKTS:DNZOY) from a "strong sell" to a "hold" rating, indicating a more neutral outlook after recent performance shifts.
• Denso's shares fell by 1.2%, opening at $14.13, with a market cap of $41.12 billion and trading results showing a missed earnings estimate of $0.20 EPS compared to the expected $0.28.
• UBS Group also downgraded Denso's stock from "strong-buy" to "hold," reflecting a broader trend of mixed analyst ratings for the company.

Zacks Research upgraded shares of Denso (OTCMKTS:DNZOY - Free Report) from a strong sell rating to a hold rating in a research note published on Monday morning,Zacks.com reports.

Separately, UBS Group lowered shares of Denso from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Denso has a consensus rating of "Hold".

Denso Trading Up 0.7%

Shares of OTCMKTS:DNZOY traded up $0.10 on Monday, reaching $14.68. 35,047 shares of the company traded hands, compared to its average volume of 41,235. The company has a current ratio of 1.85, a quick ratio of 1.28 and a debt-to-equity ratio of 0.09. The business's 50-day simple moving average is $13.95 and its 200 day simple moving average is $13.28. The stock has a market capitalization of $42.73 billion, a P/E ratio of 15.45 and a beta of 0.97. Denso has a 52 week low of $10.96 and a 52 week high of $15.76.

Denso (OTCMKTS:DNZOY - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.08). The firm had revenue of $11.78 billion for the quarter, compared to analysts' expectations of $1,767.34 billion. Denso had a return on equity of 7.63% and a net margin of 5.62%. As a group, equities analysts anticipate that Denso will post 1.05 EPS for the current fiscal year.

About Denso

DENSO Corporation engages in the manufacture and sale of automotive parts in Japan, rest of Asia, North America, Europe, and internationally. The company offers air-conditioning systems, including thermal management heat pump system, heat pump air-conditioning systems, refrigerant products, personal heating and cooling devices, air quality system, heat exchangers, bus air-conditioning systems, automotive freezers, and cooling products, as well as heating, ventilation, and air-conditioning units.