Denso and Gentex Corporation Classified as Consumer Discretionary Companies
What happened
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
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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The entities involved
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Denso
Japanese automotive components manufacturer
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Gentex Corporation
American manufacturer of military equipment