Daikin Industries (OTCMKTS:DKILY) Stock Rating Upgraded by The Goldman Sachs Group

Daikin Industries (OTCMKTS:DKILY) was upgraded by equities researchers at The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research report issued on Monday, Zacks reports.

Daikin Industries Stock Up 5.9%

Shares of OTCMKTS DKILY opened at $14.65 on Monday. Daikin Industries has a 52-week low of $11.00 and a 52-week high of $16.43. The firm has a market capitalization of $42.94 billion, a price-to-earnings ratio of 21.43, a PEG ratio of 1.47 and a beta of 0.88. The stock has a 50 day moving average price of $13.34 and a 200 day moving average price of $13.59. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.05 and a current ratio of 1.62.

Daikin Industries (OTCMKTS:DKILY) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. The company had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $8.58 billion. Daikin Industries had a return on equity of 8.73% and a net margin of 5.24%. Sell-side analysts expect 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.