Kyocera Corporation (KYO) Lifted to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of Kyocera Corporation (NYSE:KYO) from a hold rating to a buy rating in a research note released on Tuesday morning. They currently have $69.00 target price on the electronics maker’s stock.
According to Zacks, “Kyocera Corporation was founded in 1959 as a company specializing in the production of fine ceramic components, Kyocera has expanded its business by effectively developing and applying its ceramics technologies. The company has grown to be a world-leading manufacturer of ceramics, including custom parts and consumer products. Kyocera’s materials, components, and finished products are used in virtually all fields of industry. In addition to ceramics, products also include information, tele-communications, and Optical equipment. “
KYO has been the subject of a number of other research reports. BidaskClub upgraded Kyocera Corporation from a strong sell rating to a sell rating in a research report on Tuesday, August 1st. Mizuho upgraded Kyocera Corporation from a neutral rating to a buy rating in a research report on Tuesday, June 13th.
Shares of Kyocera Corporation (NYSE:KYO) opened at 62.10 on Tuesday. The company has a market cap of $22.83 billion, a price-to-earnings ratio of 20.46 and a beta of 0.53. The firm’s 50-day moving average price is $60.58 and its 200 day moving average price is $58.04. Kyocera Corporation has a 52 week low of $46.98 and a 52 week high of $62.13.
Kyocera Corporation (NYSE:KYO) last issued its quarterly earnings results on Friday, July 28th. The electronics maker reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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%. On average, equities research analysts forecast that Kyocera Corporation will post $2.18 EPS for the current year.
Institutional investors have recently modified their holdings of the company. Parallel Advisors LLC grew its position in shares of Kyocera Corporation by 5.4% during 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 in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Kyocera Corporation by 65.2% during 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 in the last quarter. Bessemer Group Inc. grew its position in shares of Kyocera Corporation by 142.8% during 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 in the last quarter. HPM Partners LLC grew its position in shares of Kyocera Corporation by 159.7% during 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 in the last quarter. Finally, Greenleaf Trust purchased a new position in shares of Kyocera Corporation during the second quarter valued at about $212,000. Hedge funds and other 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.
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