ValuEngine Lowers DENSO CORP/ADR (OTCMKTS:DNZOY) to Sell

ValuEngine cut shares of DENSO CORP/ADR (OTCMKTS:DNZOY) from a hold rating to a sell rating in a report released on Friday morning, ValuEngine reports.

A number of other brokerages also recently commented on DNZOY. Zacks Investment Research raised shares of DENSO CORP/ADR from a hold rating to a buy rating and set a $24.00 price objective for the company in a research report on Wednesday, July 3rd. Morgan Stanley raised shares of DENSO CORP/ADR from an equal weight rating to an overweight rating in a research report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. raised shares of DENSO CORP/ADR from a neutral rating to an overweight rating in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $24.00.

Shares of DNZOY opened at $20.21 on Friday. The firm has a 50-day moving average of $21.40 and a 200-day moving average of $20.95. DENSO CORP/ADR has a one year low of $19.13 and a one year high of $26.63. The company has a market cap of $30.92 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 0.92 and a beta of 1.08. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.08 and a quick ratio of 1.57.

DENSO CORP/ADR Company Profile

DENSO Corporation manufactures and sells automotive components and systems, industrial products, and home appliances. It offers air-conditioning systems for cars and buses; truck refrigeration units; radiators and cooling systems; gasoline and diesel engine management systems; engine-related products; products for drive systems; hybrid and electric car drive systems, and power supply and related products; power supply and starting system parts; and small motor systems for automobiles.

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