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 research note issued on Friday. They currently have a $6.70 target price on the stock. Zacks‘s price target would indicate a potential upside of 32.15% from the stock’s previous close.
Kemet Corp. (NYSE:KEM) traded down 1.55% during mid-day trading on Friday, hitting $5.07. 231,596 shares of the company’s stock traded hands. Kemet Corp. has a 52-week low of $3.93 and a 52-week high of $6.41. The stock has a 50-day moving average of $5.81 and a 200-day moving average of $5.64. The company’s market cap is $230.0 million.
Kemet Corp. (NYSE:KEM) last issued its quarterly earnings data on Thursday, July 24th. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.02 by $0.06. The company had revenue of $212.90 million for the quarter, compared to the consensus estimate of $215.60 million. During the same quarter in the prior year, the company posted ($0.38) earnings per share. The company’s quarterly revenue was up 5.3% on a year-over-year basis. On average, analysts predict that Kemet Corp. will post $0.29 earnings per share for the current fiscal year.
KEMET Corporation (NYSE:KEM) is a global manufacturer of a variety of capacitors.
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