Brokerages Set $54.50 Price Target for Kyocera Corporation (KYO)
Kyocera Corporation (NYSE:KYO) has been assigned a consensus broker rating score of 4.00 (Sell) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a sell rating.
Brokers have set a twelve-month consensus price objective of $54.50 for the company, according to Zacks. Zacks has also assigned Kyocera Corporation an industry rank of 92 out of 265 based on the ratings given to related companies.
Several brokerages have recently issued reports on KYO. BidaskClub lowered Kyocera Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised Kyocera Corporation from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a research report on Friday, June 9th. Finally, Mizuho raised Kyocera Corporation from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 13th.
Kyocera Corporation (KYO) opened at 60.59 on Monday. The firm has a market capitalization of $22.28 billion, a P/E ratio of 20.55 and a beta of 0.53. The firm has a 50 day moving average of $57.99 and a 200 day moving average of $56.27. Kyocera Corporation has a 12-month low of $46.37 and a 12-month high of $61.50.
Kyocera Corporation (NYSE:KYO) last announced its earnings results on Friday, July 28th. The electronics maker reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.25. Kyocera Corporation had a return on equity of 4.30% and a net margin of 7.27%. The firm had revenue of $3.11 billion during the quarter. On average, analysts forecast that Kyocera Corporation will post $2.18 EPS for the current fiscal year.
The company also recently disclosed a None dividend, which was paid on Thursday, July 6th. Investors of record on Friday, March 31st were issued a $0.474 dividend. The ex-dividend date was Wednesday, March 29th. Kyocera Corporation’s dividend payout ratio (DPR) is currently 28.29%.
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A number of large investors have recently made changes to their positions in the company. Wetherby Asset Management Inc. raised its stake in shares of Kyocera Corporation by 13.6% in the first quarter. Wetherby Asset Management Inc. now owns 7,607 shares of the electronics maker’s stock valued at $427,000 after buying an additional 911 shares during the period. World Asset Management Inc raised its stake in shares of Kyocera Corporation by 1.3% in the first quarter. World Asset Management Inc now owns 23,526 shares of the electronics maker’s stock valued at $1,321,000 after buying an additional 294 shares during the period. Parametric Portfolio Associates LLC raised its stake in shares of Kyocera Corporation by 26.3% in the first quarter. Parametric Portfolio Associates LLC now owns 279,445 shares of the electronics maker’s stock valued at $15,685,000 after buying an additional 58,196 shares during the period. Capstone Asset Management Co. raised its stake in shares of Kyocera Corporation by 8.2% in the first quarter. Capstone Asset Management Co. now owns 39,385 shares of the electronics maker’s stock valued at $2,211,000 after buying an additional 3,000 shares during the period. Finally, UBS Group AG raised its stake in shares of Kyocera Corporation by 341.8% in the first quarter. UBS Group AG now owns 24,653 shares of the electronics maker’s stock valued at $1,384,000 after buying an additional 19,073 shares during the period. 0.56% of the stock is owned by institutional investors.
About Kyocera Corporation
Kyocera Corporation is engaged in various fields, from fine ceramic components to electronic devices, equipment, services and networks. The Company operates through seven segments: Fine Ceramic Parts Group, Semiconductor Parts Group, Applied Ceramic Products Group, Electronic Device Group, Telecommunications Equipment Group, Information Equipment Group and Others.
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