Zacks: Kyocera Corporation (KYO) Given $59.00 Average Price Target by Brokerages
Kyocera Corporation (NYSE:KYO) has been assigned an average broker rating score of 4.00 (Sell) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a sell rating.
Analysts have set a 1-year consensus price objective of $59.00 for the company, according to Zacks. Zacks has also given Kyocera Corporation an industry rank of 82 out of 265 based on the ratings given to its competitors.
A number of research analysts recently weighed in on KYO shares. Zacks Investment Research raised shares of Kyocera Corporation from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research report on Tuesday, September 12th. BidaskClub upgraded shares of Kyocera Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 1st.
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Several institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC grew its holdings in shares of Kyocera Corporation by 2.6% during the 2nd quarter. Renaissance Technologies LLC now owns 549,600 shares of the electronics maker’s stock valued at $32,025,000 after purchasing an additional 13,910 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of Kyocera Corporation by 12.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 313,139 shares of the electronics maker’s stock valued at $18,247,000 after acquiring an additional 33,694 shares during the period. Aperio Group LLC lifted its position in shares of Kyocera Corporation by 5.5% during the 3rd quarter. Aperio Group LLC now owns 192,107 shares of the electronics maker’s stock valued at $11,943,000 after acquiring an additional 10,016 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Kyocera Corporation by 9.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 74,527 shares of the electronics maker’s stock valued at $4,343,000 after acquiring an additional 6,558 shares during the period. Finally, Highland Capital Management LLC lifted its position in shares of Kyocera Corporation by 3.8% during the 2nd quarter. Highland Capital Management LLC now owns 64,204 shares of the electronics maker’s stock valued at $3,741,000 after acquiring an additional 2,330 shares during the period. 0.54% of the stock is currently owned by institutional investors.
Shares of Kyocera Corporation (NYSE KYO) traded up $0.73 during mid-day trading on Friday, hitting $70.12. 7,745 shares of the stock traded hands, compared to its average volume of 14,553. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.88 and a quick ratio of 3.04. The company has a market cap of $25.64 billion, a P/E ratio of 21.86, a P/E/G ratio of 5.25 and a beta of 0.58.
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.
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