Daikin Industries,Ltd. (OTCMKTS:DKILY) Upgraded by Zacks Investment Research to Buy

Zacks Investment Research upgraded shares of Daikin Industries,Ltd. (OTCMKTS:DKILY) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning, Zacks.com reports. They currently have $26.00 target price on the stock.

According to Zacks, “DAIKIN INDUSTRIES, LTD. manufactures air conditioning equipment for household and commercial use. The company also operates chemical, oil hydraulics, defense system and electronics businesses. It operates primarily in Japan, Asia and Oceania, Europe, the United States, China and internationally. DAIKIN INDUSTRIES, LTD. is headquartered in Osaka, Japan. “

Separately, The Goldman Sachs Group downgraded Daikin Industries,Ltd. from a conviction-buy rating to a buy rating in a report on Friday, November 20th.

Daikin Industries,Ltd. stock opened at $22.91 on Wednesday. The stock has a market cap of $67.03 billion, a PE ratio of 42.43 and a beta of 0.90. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.17 and a quick ratio of 1.57. The stock’s fifty day moving average is $22.20 and its two-hundred day moving average is $19.54. Daikin Industries,Ltd. has a 1-year low of $9.96 and a 1-year high of $24.06.

Daikin Industries,Ltd. Company Profile

Daikin Industries, Ltd. manufactures, distributes, and sells air-conditioning and refrigeration equipment, and chemical products. The company's air-conditioning and refrigeration equipment products include room air-conditioning systems; air purifiers; heat-pump hot-water supply and room-heating systems; packaged air-conditioning systems; multiple air-conditioning systems for office buildings; air-conditioning systems for facilities and plants; absorption refrigerators; freezers; water chillers; turbo refrigerator equipment; air-handling units; air filters; industrial dust collectors; marine-type container refrigeration; and refrigerating and freezing showcases.

See Also: Preferred Stock

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