Zacks: Kyocera Corporation (KYO) Given Consensus Rating of “Sell” by Brokerages
Shares of Kyocera Corporation (NYSE:KYO) have received an average broker rating score of 4.00 (Sell) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a sell rating.
Brokerages have set a twelve-month consensus target price of $59.00 for the company, according to Zacks. Zacks has also given Kyocera Corporation an industry rank of 71 out of 265 based on the ratings given to its competitors.
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Kyocera Corporation from a “sell” rating to a “strong-buy” rating and set a $71.00 price target for the company in a research report on Wednesday, October 4th. BidaskClub upgraded Kyocera Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 1st.
Kyocera Corporation (KYO) traded up 3.87% on Monday, reaching $69.25. The company’s stock had a trading volume of 18,135 shares. The company has a market capitalization of $25.46 billion, a price-to-earnings ratio of 22.71 and a beta of 0.54. The firm’s 50 day moving average price is $63.95 and its 200-day moving average price is $60.03. Kyocera Corporation has a 1-year low of $47.08 and a 1-year high of $69.25.
Kyocera Corporation (NYSE:KYO) last posted its quarterly earnings results on Friday, July 28th. The electronics maker reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.25. The business had revenue of $3.11 billion during the quarter. Kyocera Corporation had a return on equity of 4.96% and a net margin of 8.34%. Equities analysts forecast that Kyocera Corporation will post $2.18 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC grew its position in Kyocera Corporation by 2.6% in the second quarter. Renaissance Technologies LLC now owns 549,600 shares of the electronics maker’s stock worth $32,025,000 after acquiring an additional 13,910 shares during the period. Parametric Portfolio Associates LLC grew its position in Kyocera Corporation by 12.1% in the second quarter. Parametric Portfolio Associates LLC now owns 313,139 shares of the electronics maker’s stock worth $18,247,000 after acquiring an additional 33,694 shares during the period. Aperio Group LLC grew its position in Kyocera Corporation by 5.5% in the third quarter. Aperio Group LLC now owns 192,107 shares of the electronics maker’s stock worth $11,943,000 after acquiring an additional 10,016 shares during the period. Goldman Sachs Group Inc. grew its position in Kyocera Corporation by 9.6% in the second quarter. Goldman Sachs Group Inc. now owns 74,527 shares of the electronics maker’s stock worth $4,343,000 after acquiring an additional 6,558 shares during the period. Finally, Highland Capital Management LLC grew its position in Kyocera Corporation by 3.8% in the second quarter. Highland Capital Management LLC now owns 64,204 shares of the electronics maker’s stock worth $3,741,000 after acquiring an additional 2,330 shares during the period. Institutional investors own 0.54% of the company’s stock.
Kyocera Corporation Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Kyocera Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kyocera Corporation and related companies with MarketBeat.com's FREE daily email newsletter.