Kemet Corp. Rating Lowered to Neutral at Zacks (KEM)
Kemet Corp. (NYSE:KEM) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report issued on Wednesday, American Banking and Market News reports. They currently have a $6.60 target price on the stock. Zacks‘ price target points to a potential upside of 17.02% from the stock’s previous close.
Shares of Kemet Corp. (NYSE:KEM) traded down 0.35% on Wednesday, hitting $5.64. The stock had a trading volume of 335,592 shares. Kemet Corp. has a 52 week low of $3.93 and a 52 week high of $6.97. The stock’s 50-day moving average is $5.74 and its 200-day moving average is $4.87. The company’s market cap is $254.5 million.
Kemet Corp. (NYSE:KEM) last announced its earnings results on Thursday, October 31st. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.14. The company had revenue of $212.70 million for the quarter, compared to the consensus estimate of $206.10 million. During the same quarter in the previous year, the company posted ($0.14) earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis.
Separately, analysts at Deutsche Bank raised their price target on shares of Kemet Corp. from $4.50 to $5.50 in a research note to investors on Friday, November 1st.
KEMET Corporation (NYSE:KEM) is a global manufacturer of a variety of capacitors.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.