Zacks Investment Research upgraded shares of Kyocera (NYSE:KYO) from a hold rating to a buy rating in a research report released on Saturday. They currently have $63.00 price target 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. “

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Several other research analysts have also commented on KYO. Macquarie raised shares of Kyocera from a neutral rating to an outperform rating in a research note on Thursday, February 1st. UBS raised shares of Kyocera from a neutral rating to an overweight rating in a research note on Thursday, February 15th. Finally, Credit Suisse Group raised shares of Kyocera from a neutral rating to an outperform rating in a research note on Tuesday, February 27th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $63.00.

NYSE KYO opened at $56.72 on Friday. The company has a quick ratio of 2.69, a current ratio of 3.69 and a debt-to-equity ratio of 0.01. The firm has a market cap of $20,694.94, a price-to-earnings ratio of 22.51 and a beta of 0.76. Kyocera has a 52 week low of $53.79 and a 52 week high of $71.92.

Kyocera (NYSE:KYO) last posted its quarterly earnings data on Thursday, February 1st. The electronics maker reported $0.70 EPS for the quarter. The company had revenue of $3.60 billion during the quarter. Kyocera had a net margin of 7.94% and a return on equity of 4.94%. analysts predict that Kyocera will post 2.79 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of KYO. Raymond James & Associates purchased a new stake in shares of Kyocera during the fourth quarter valued at $207,000. Checchi Capital Advisers LLC purchased a new stake in shares of Kyocera during the fourth quarter valued at $210,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Kyocera during the fourth quarter valued at $431,000. Jolley Asset Management LLC bought a new stake in shares of Kyocera in the fourth quarter valued at about $524,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Kyocera by 3.9% in the third quarter. Bank of New York Mellon Corp now owns 19,651 shares of the electronics maker’s stock valued at $1,222,000 after acquiring an additional 745 shares in the last quarter. 0.59% of the stock is owned by hedge funds and other institutional investors.

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Kyocera Company Profile

Kyocera Corporation develops, produces, and sells industrial components, and telecommunications and information equipment worldwide. Its Fine Ceramic Parts Group segment offers components for semiconductor processing and flat panel display manufacturing equipment, information and telecommunication components, general industrial machinery components, LED related products, and automotive components.

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