Daikin Industries (OTCMKTS:DKILY) Stock Moved Up to “Strong-Buy” by The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Daikin Industries (OTCMKTS:DKILY) from a hold rating to a strong-buy rating in a research report report published on Monday,Zacks reports.

Daikin Industries Trading Up 5.9%

OTCMKTS:DKILY opened at $14.65 on Monday. The stock has a fifty day simple moving average of $13.34 and a 200 day simple moving average of $13.59. The firm has a market capitalization of $42.94 billion, a price-to-earnings ratio of 22.89, a price-to-earnings-growth ratio of 1.47 and a beta of 0.88. Daikin Industries has a 1-year low of $11.00 and a 1-year high of $16.43. The company has a quick ratio of 1.05, a current ratio of 1.62 and a debt-to-equity ratio of 0.15.

Daikin Industries (OTCMKTS:DKILY) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Daikin Industries had a net margin of 5.24% and a return on equity of 8.73%. The company had revenue of $9.37 billion during the quarter, compared to analyst estimates of $8.58 billion. Sell-side analysts forecast that Daikin Industries will post 0.66 earnings per share for the current year.

Daikin Industries Company Profile

Daikin Industries is a Japanese manufacturer specializing in heating, ventilation, air conditioning and refrigeration systems. Its products include residential and commercial air conditioners, heat pumps, chillers, refrigeration equipment and air purifiers, as well as related controls and services.

The company also produces fluorochemicals, including refrigerants and materials used in industrial applications, and offers oil-hydraulic equipment. Daikin was founded in Osaka in 1924 and has expanded from its Japanese manufacturing base into a global business.

Daikin serves customers in Japan and international markets across the Americas, Europe, Asia and other regions.