Zacks: Kyocera Corporation (KYO) Receives Average Rating of “Sell” from Analysts

Kyocera Corporation (NYSE:KYO) has been given a consensus broker rating score of 4.00 (Sell) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a sell recommendation.

Brokerages have set a twelve-month consensus target price of $59.00 for the company, according to Zacks. Zacks has also given Kyocera Corporation an industry rank of 77 out of 265 based on the ratings given to its competitors.

KYO has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Kyocera Corporation from a “sell” rating to a “strong-buy” rating and set a $71.00 price objective for the company in a research note on Wednesday, October 4th. BidaskClub cut shares of Kyocera Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th.

Several large investors have recently bought and sold shares of the company. Renaissance Technologies LLC raised its holdings in shares of Kyocera Corporation by 2.6% in the 2nd quarter. Renaissance Technologies LLC now owns 549,600 shares of the electronics maker’s stock valued at $32,025,000 after purchasing an additional 13,910 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Kyocera Corporation by 12.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 313,139 shares of the electronics maker’s stock worth $18,247,000 after acquiring an additional 33,694 shares in the last quarter. Aperio Group LLC raised its stake in shares of Kyocera Corporation by 5.5% during the 3rd quarter. Aperio Group LLC now owns 192,107 shares of the electronics maker’s stock worth $11,943,000 after acquiring an additional 10,016 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Kyocera Corporation by 9.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 74,527 shares of the electronics maker’s stock worth $4,343,000 after acquiring an additional 6,558 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Kyocera Corporation during the 3rd quarter worth approximately $2,910,000. Institutional investors and hedge funds own 0.55% of the company’s stock.

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Shares of Kyocera Corporation (KYO) traded down $0.18 during trading hours on Friday, hitting $71.50. 11,703 shares of the company’s stock were exchanged, compared to its average volume of 11,408. Kyocera Corporation has a 1-year low of $47.08 and a 1-year high of $71.75. The stock has a market cap of $26,291.55, a PE ratio of 22.41, a P/E/G ratio of 5.38 and a beta of 0.58. The company has a quick ratio of 2.93, a current ratio of 3.88 and a debt-to-equity ratio of 0.01.

About Kyocera Corporation

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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