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.
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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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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