KEMET Co. (NYSE:KEM) Rating Reiterated by Stifel Nicolaus
Several other research firms have also commented on KEM. TheStreet upgraded shares of KEMET from a c+ rating to a b rating in a report on Wednesday, August 2nd. BidaskClub lowered shares of KEMET from a strong-buy rating to a buy rating in a report on Tuesday, July 25th. B. Riley restated a buy rating and issued a $24.25 price target on shares of KEMET in a report on Thursday, August 3rd. Finally, Zacks Investment Research upgraded shares of KEMET from a hold rating to a strong-buy rating and set a $18.00 price objective on the stock in a research note on Friday, July 14th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $18.08.
Shares of KEMET (KEM) traded up 3.85% during midday trading on Monday, reaching $19.68. 1,018,140 shares of the company traded hands. KEMET has a 12 month low of $3.24 and a 12 month high of $19.79. The stock has a market capitalization of $936.53 million, a price-to-earnings ratio of 4.07 and a beta of 3.60. The company’s 50 day moving average is $14.79 and its 200-day moving average is $11.93.
KEMET (NYSE:KEM) last posted its quarterly earnings results on Wednesday, August 2nd. The electronics maker reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.15. KEMET had a net margin of 5.84% and a return on equity of 173.17%. The firm had revenue of $274 million for the quarter, compared to analyst estimates of $282.52 million. During the same quarter last year, the firm posted $0.06 earnings per share. KEMET’s revenue for the quarter was up 48.2% compared to the same quarter last year. Equities research analysts forecast that KEMET will post $1.57 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: “KEMET Co. (NYSE:KEM) Rating Reiterated by Stifel Nicolaus” was originally posted by Daily Political and is the sole property of of Daily Political. If you are viewing this piece of content on another website, it was stolen and republished in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.dailypolitical.com/2017/08/08/kemet-co-nysekem-rating-reiterated-by-stifel-nicolaus.html.
In other news, CEO Per Olof Loof sold 133,334 shares of KEMET stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $13.13, for a total transaction of $1,750,675.42. Following the sale, the chief executive officer now owns 1,101,976 shares in the company, valued at $14,468,944.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William M. Lowe, Jr. sold 68,422 shares of KEMET stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $14.36, for a total transaction of $982,539.92. Following the sale, the chief financial officer now owns 616,035 shares in the company, valued at approximately $8,846,262.60. The disclosure for this sale can be found here. Insiders have sold 365,590 shares of company stock worth $5,248,257 in the last quarter. Insiders own 3.88% of the company’s stock.
Several hedge funds have recently bought and sold shares of KEM. Morgan Stanley raised its stake in KEMET by 117.6% in the first quarter. Morgan Stanley now owns 647,649 shares of the electronics maker’s stock worth $7,771,000 after buying an additional 350,056 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in KEMET during the fourth quarter worth about $247,000. Dimensional Fund Advisors LP raised its stake in KEMET by 12.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,426,049 shares of the electronics maker’s stock worth $16,085,000 after buying an additional 265,310 shares in the last quarter. Acadian Asset Management LLC raised its stake in KEMET by 78.0% in the second quarter. Acadian Asset Management LLC now owns 259,279 shares of the electronics maker’s stock worth $3,318,000 after buying an additional 113,620 shares in the last quarter. Finally, Dialectic Capital Management LP purchased a new stake in KEMET during the first quarter worth about $501,000. Institutional investors own 56.85% of the company’s stock.
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.
Receive News & Ratings for KEMET Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KEMET Co. and related companies with MarketBeat.com's FREE daily email newsletter.