Kyocera Corp (KYO) Given Average Rating of “Hold” by Analysts

Shares of Kyocera Corp (NYSE:KYO) have been assigned a consensus recommendation of “Hold” from the six brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company.

KYO has been the topic of several recent research reports. Zacks Investment Research raised Kyocera from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a report on Wednesday, January 3rd. ValuEngine downgraded Kyocera from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Macquarie raised Kyocera from a “neutral” rating to an “outperform” rating in a report on Thursday, February 1st. Finally, UBS Group raised Kyocera from a “neutral” rating to an “overweight” rating in a report on Thursday.

Shares of Kyocera (NYSE KYO) traded up $1.06 during mid-day trading on Thursday, reaching $57.42. The company had a trading volume of 42,422 shares, compared to its average volume of 16,637. The company has a market cap of $20,632.43, a price-to-earnings ratio of 19.16, a P/E/G ratio of 4.91 and a beta of 0.66. Kyocera has a twelve month low of $53.86 and a twelve month high of $71.92. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.69 and a quick ratio of 2.69.

Kyocera (NYSE:KYO) last issued its quarterly earnings data on Thursday, February 1st. The electronics maker reported $0.70 earnings per share for the quarter. The business had revenue of $3.60 billion for the quarter. Kyocera had a return on equity of 4.94% and a net margin of 7.94%. sell-side analysts anticipate that Kyocera will post 2.64 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Knowledge Leaders Capital LLC lifted its holdings in Kyocera by 120.6% during the 3rd quarter. Knowledge Leaders Capital LLC now owns 1,608 shares of the electronics maker’s stock worth $100,000 after buying an additional 879 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Kyocera by 29.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,613 shares of the electronics maker’s stock worth $152,000 after buying an additional 598 shares during the period. Raymond James & Associates acquired a new position in Kyocera during the 4th quarter worth about $207,000. Checchi Capital Advisers LLC acquired a new position in Kyocera during the 4th quarter worth about $210,000. Finally, Eqis Capital Management Inc. acquired a new position in Kyocera during the 3rd quarter worth about $254,000. 0.58% of the stock is currently owned by hedge funds and other institutional investors.

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About Kyocera

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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