Kyocera (NYSE:KYO) Lifted to Outperform at Macquarie

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

Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research raised Kyocera from a “hold” rating to a “buy” rating and set a $73.00 target price for the company in a research note on Wednesday, January 3rd. ValuEngine lowered Kyocera from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $73.00.

Kyocera (NYSE KYO) opened at $58.98 on Thursday. The stock has a market capitalization of $22,140.00, a PE ratio of 18.72, a price-to-earnings-growth ratio of 5.04 and a beta of 0.66. 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 has a fifty-two week low of $53.86 and a fifty-two week high of $71.92.

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

Several hedge funds have recently bought and sold shares of the company. Raymond James & Associates bought a new position in shares of Kyocera in the fourth quarter valued at approximately $207,000. Goldman Sachs Group Inc. lifted its holdings in Kyocera by 3.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 86,280 shares of the electronics maker’s stock worth $5,652,000 after acquiring an additional 2,703 shares during the period. Renaissance Technologies LLC lifted its holdings in Kyocera by 0.5% during the fourth quarter. Renaissance Technologies LLC now owns 557,564 shares of the electronics maker’s stock worth $36,526,000 after acquiring an additional 2,564 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new stake in Kyocera during the fourth quarter worth $431,000. Finally, Checchi Capital Advisers LLC bought a new stake in Kyocera during the fourth quarter worth $210,000. Institutional investors own 0.58% of the company’s stock.

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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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