DAIKIN INDUSTRI/ADR (OTCMKTS:DKILY) Rating Increased to Buy at Zacks Investment Research

DAIKIN INDUSTRI/ADR (OTCMKTS:DKILY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday, Zacks.com reports. The firm currently has a $14.00 price target on the stock. Zacks Investment Research‘s price objective points to a potential upside of 7.36% from the stock’s current price.

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. “

OTCMKTS DKILY opened at $13.04 on Thursday. DAIKIN INDUSTRI/ADR has a 1-year low of $9.96 and a 1-year high of $13.98. The stock has a market cap of $38.13 billion, a P/E ratio of 22.10, a P/E/G ratio of 2.11 and a beta of 0.74. The company has a 50 day moving average price of $12.54. The company has a quick ratio of 1.38, a current ratio of 2.00 and a debt-to-equity ratio of 0.26.

About DAIKIN INDUSTRI/ADR

Daikin Industries, Ltd. manufactures, distributes, and sells air-conditioning and refrigeration equipment, and chemical products. Its air-conditioning 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, and marine-type container refrigeration systems.

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