Kyocera (NYSE:KYO) Rating Increased to Outperform at Macquarie

Kyocera (NYSE:KYO) was upgraded by investment analysts at Macquarie from a “neutral” rating to an “outperform” rating in a research note issued on Thursday, February 1st, MarketBeat.com reports.

Other analysts have also issued research reports about the stock. ValuEngine lowered shares of Kyocera from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research lowered shares of Kyocera from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $73.00.

Kyocera (KYO) opened at $55.52 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.69 and a current ratio of 3.69. Kyocera has a 1 year low of $53.86 and a 1 year high of $71.92. The stock has a market cap of $19,805.08, a price-to-earnings ratio of 17.95, a P/E/G ratio of 4.71 and a beta of 0.65.

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

Several institutional investors have recently made changes to their positions in KYO. Knowledge Leaders Capital LLC lifted its holdings in shares of Kyocera by 120.6% in the third 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 in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Kyocera by 29.7% in the second 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 in the last quarter. Checchi Capital Advisers LLC purchased a new stake in shares of Kyocera in the fourth quarter worth about $210,000. Eqis Capital Management Inc. purchased a new stake in shares of Kyocera in the third quarter worth about $254,000. Finally, Shelton Capital Management purchased a new stake in Kyocera in the second quarter valued at approximately $408,000. 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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