Denso (OTCMKTS:DNZOY) Downgraded to “Hold” Rating by Citigroup

Denso (OTCMKTS:DNZOY) was downgraded by analysts at Citigroup from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Separately, Zacks Research raised Denso from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Denso Price Performance

DNZOY stock opened at $11.93 on Wednesday. The company has a 50 day simple moving average of $12.14 and a 200 day simple moving average of $13.19. The stock has a market cap of $34.73 billion, a price-to-earnings ratio of 11.15 and a beta of 0.97. Denso has a 1 year low of $11.39 and a 1 year high of $15.85. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.91 and a quick ratio of 1.28.

Denso (OTCMKTS:DNZOY) last announced its quarterly earnings results on Monday, April 27th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.04. The company had revenue of $12.80 billion during the quarter, compared to the consensus estimate of $11.85 billion. Denso had a net margin of 5.82% and a return on equity of 8.29%. Research analysts anticipate that Denso will post 0.95 EPS for the current fiscal year.

Denso Company Profile

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.