Daikin Industries,Ltd. (OTCMKTS:DKILY) Cut to Hold at The Goldman Sachs Group

The Goldman Sachs Group cut shares of Daikin Industries,Ltd. (OTCMKTS:DKILY) from a strong-buy rating to a hold rating in a research note released on Thursday, Zacks.com reports.

Daikin Industries,Ltd. Stock Performance

OTCMKTS DKILY opened at $11.94 on Thursday. The company has a market capitalization of $35.00 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 3.23 and a beta of 1.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 1.65. Daikin Industries,Ltd. has a 52-week low of $11.16 and a 52-week high of $17.95. The company has a 50-day simple moving average of $13.80 and a 200 day simple moving average of $14.04.

Daikin Industries,Ltd. (OTCMKTS:DKILY) last released its earnings results on Tuesday, August 6th. The company reported $0.14 earnings per share for the quarter. The firm had revenue of $8.02 billion during the quarter, compared to the consensus estimate of $7.82 billion. Daikin Industries,Ltd. had a net margin of 5.95% and a return on equity of 9.09%. On average, research analysts predict that Daikin Industries,Ltd. will post 0.61 EPS for the current year.

Daikin Industries,Ltd. Company Profile

Daikin Industries,Ltd. manufactures, distributes, and sells air-conditioning and refrigeration equipment, and chemical products in Japan, the Americas, China, Asia, Europe, Europe, and internationally. 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; heat reclaim ventilators; freezers; water chillers; turbo refrigerator equipment; air-handling units; air filters; industrial dust collectors; marine-type container refrigeration; and refrigerating and freezing showcases.