Denso (OTCMKTS:DNZOY) Cut to Hold at UBS Group

UBS Group cut shares of Denso (OTCMKTS:DNZOY) from a strong-buy rating to a hold rating in a research report report published on Thursday morning,Zacks.com reports.

Denso Trading Up 2.2%

Shares of DNZOY opened at $14.57 on Thursday. Denso has a 12-month low of $10.96 and a 12-month high of $16.13. The firm has a 50-day moving average price of $13.71 and a 200 day moving average price of $13.16. 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 firm has a market capitalization of $42.41 billion, a P/E ratio of 15.34 and a beta of 1.00.

Denso (OTCMKTS:DNZOY) last issued its quarterly earnings data 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). Denso had a net margin of 5.62% and a return on equity of 7.63%. The company had revenue of $11.78 billion for the quarter, compared to the consensus estimate of $1,767.34 billion. Sell-side analysts forecast that Denso will post 1.05 EPS for the current year.

Denso Company Profile

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.