Zacks: Brokerages Set $59.00 Price Target for Kyocera Corporation (KYO)
Shares of Kyocera Corporation (NYSE:KYO) have earned an average broker rating score of 4.00 (Sell) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a sell recommendation.
Brokers have set a 12 month consensus target price of $59.00 for the company, according to Zacks. Zacks has also assigned Kyocera Corporation an industry rank of 49 out of 265 based on the ratings given to related companies.
A number of analysts have recently commented on KYO shares. Mizuho raised shares of Kyocera Corporation from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 13th. BidaskClub lowered shares of Kyocera Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Finally, Zacks Investment Research lowered shares of Kyocera Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 9th.
Shares of Kyocera Corporation (NYSE:KYO) traded down 0.34% during midday trading on Wednesday, hitting $65.05. 3,019 shares of the company traded hands. Kyocera Corporation has a 12-month low of $47.08 and a 12-month high of $65.60. The stock has a market capitalization of $24.56 billion, a P/E ratio of 21.33 and a beta of 0.54. The stock’s 50-day moving average is $61.82 and its 200 day moving average is $58.98.
Kyocera Corporation (NYSE:KYO) last released its quarterly earnings results on Friday, July 28th. The electronics maker reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.25. The company had revenue of $3.11 billion during the quarter. Kyocera Corporation had a net margin of 8.34% and a return on equity of 4.96%. On average, analysts expect that Kyocera Corporation will post $2.18 earnings per share for the current year.
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Large investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its holdings in shares of Kyocera Corporation by 5.4% in the second quarter. Parallel Advisors LLC now owns 1,637 shares of the electronics maker’s stock valued at $100,000 after purchasing an additional 84 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Kyocera Corporation by 65.2% in the first quarter. PNC Financial Services Group Inc. now owns 2,015 shares of the electronics maker’s stock valued at $113,000 after purchasing an additional 795 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of Kyocera Corporation by 142.8% in the second quarter. Bessemer Group Inc. now owns 3,261 shares of the electronics maker’s stock valued at $190,000 after purchasing an additional 1,918 shares during the last quarter. HPM Partners LLC increased its holdings in shares of Kyocera Corporation by 159.7% in the second quarter. HPM Partners LLC now owns 12,465 shares of the electronics maker’s stock valued at $207,000 after purchasing an additional 7,666 shares during the last quarter. Finally, Greenleaf Trust acquired a new position in shares of Kyocera Corporation in the second quarter valued at $212,000. Hedge funds and other institutional investors own 0.54% of the company’s stock.
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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