KEMET Co. (NYSE:KEM) has received a consensus rating of “Buy” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $22.25.
A number of analysts have issued reports on KEM shares. Zacks Investment Research downgraded KEMET from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. TheStreet downgraded KEMET from a “b” rating to a “c” rating in a report on Thursday, November 2nd. ValuEngine downgraded KEMET from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Finally, B. Riley reaffirmed a “buy” rating and set a $22.50 price target on shares of KEMET in a report on Monday, January 22nd.
In other news, Director Joseph Vincent Borruso sold 20,332 shares of KEMET stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $20.00, for a total transaction of $406,640.00. Following the sale, the director now owns 70,134 shares in the company, valued at $1,402,680. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO William M. Lowe, Jr. sold 21,903 shares of KEMET stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $16.08, for a total value of $352,200.24. Following the sale, the chief financial officer now owns 523,038 shares in the company, valued at approximately $8,410,451.04. The disclosure for this sale can be found here. 3.88% of the stock is currently owned by insiders.
Shares of KEMET (KEM) opened at $19.73 on Monday. The stock has a market capitalization of $1,110.00, a PE ratio of 4.02 and a beta of 3.45. The company has a current ratio of 2.51, a quick ratio of 1.73 and a debt-to-equity ratio of 0.75. KEMET has a fifty-two week low of $6.73 and a fifty-two week high of $27.35.
KEMET (NYSE:KEM) last announced its quarterly earnings results on Thursday, November 2nd. The electronics maker reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.02. The company had revenue of $301.47 million during the quarter, compared to the consensus estimate of $298.51 million. KEMET had a return on equity of 21.07% and a net margin of 31.16%. KEMET’s revenue for the quarter was up 60.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.13 EPS. sell-side analysts predict that KEMET will post 1.45 earnings per share for the current fiscal year.
KEMET Corporation (KEMET) is a manufacturer of passive electronic components. The Company operates in two segments: Solid Capacitors, and Film and Electrolytic. The Solid Capacitors segment primarily produces tantalum, aluminum, polymer and ceramic capacitors. Solid Capacitors also produces tantalum powder used in the production of tantalum capacitors.
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