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Denso and Gentex Corporation Classified as Consumer Discretionary Companies

1 report, 1 independent Updated Sun 00:00
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Both Denso and Gentex Corporation were classified as consumer discretionary companies. A comparison of the two companies showed that Gentex has a beta of 0.86, making its stock price 14% less volatile than the S&P 500, while Denso has a beta of 0.95, meaning its stock price is 5% less volatile than the S&P 500. Gentex currently has a consensus target price of $25.20, and pays an annual dividend of $0.48 per share.

From themarketsdaily.com

Why it matters

Some supportBrind's analysis of the reports

The classification places both companies within the consumer discretionary sector. Furthermore, Gentex is noted by research analysts as more favorable than Denso, and Gentex has a higher institutional ownership rate at 86.8% compared to Denso.

From themarketsdaily.com

Who's involved

  • DensoJapanese automotive components manufacturer classified as a consumer discretionary company
  • Gentex CorporationAmerican manufacturer classified as a consumer discretionary company and subsidiary of Gentex

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Coverage

Newest first; wire copies grouped