Kemet Corp. (KEM) Given Consensus Recommendation of “Buy” by Brokerages
Kemet Corp. (NYSE:KEM) has been assigned an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.
Analysts have set a one year consensus target price of $5.13 for the company and are predicting that the company will post $0.06 EPS for the current quarter, according to Zacks. Zacks has also given Kemet Corp. an industry rank of 67 out of 265 based on the ratings given to its competitors.
Several research firms recently issued reports on KEM. B. Riley reaffirmed a “buy” rating and set a $6.50 price objective on shares of Kemet Corp. in a report on Monday. Zacks Investment Research raised shares of Kemet Corp. from a “hold” rating to a “buy” rating and set a $4.25 price objective for the company in a report on Wednesday, November 2nd.
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Kemet Corp. (NYSE:KEM) opened at 5.53 on Friday. The stock has a 50 day moving average of $3.93 and a 200 day moving average of $3.35. Kemet Corp. has a 12-month low of $1.26 and a 12-month high of $5.67. The firm’s market capitalization is $255.94 million.
Kemet Corp. (NYSE:KEM) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.07. The business earned $187.30 million during the quarter, compared to the consensus estimate of $187.99 million. Kemet Corp. had a negative net margin of 5.59% and a positive return on equity of 9.97%. Kemet Corp.’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 EPS. Equities research analysts anticipate that Kemet Corp. will post $0.38 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in the stock. B. Riley Financial Inc. boosted its position in Kemet Corp. by 11.5% in the third quarter. B. Riley Financial Inc. now owns 1,843,493 shares of the company’s stock valued at $6,581,000 after buying an additional 189,465 shares during the last quarter. Schneider Capital Management Corp boosted its position in Kemet Corp. by 1.0% in the second quarter. Schneider Capital Management Corp now owns 1,633,817 shares of the company’s stock valued at $4,787,000 after buying an additional 15,520 shares during the last quarter. Vanguard Group Inc. boosted its position in Kemet Corp. by 1.2% in the second quarter. Vanguard Group Inc. now owns 1,504,467 shares of the company’s stock valued at $4,408,000 after buying an additional 17,671 shares during the last quarter. LSV Asset Management boosted its position in Kemet Corp. by 4.2% in the third quarter. LSV Asset Management now owns 295,964 shares of the company’s stock valued at $1,056,000 after buying an additional 11,959 shares during the last quarter. Finally, Spark Investment Management LLC boosted its position in Kemet Corp. by 1.9% in the second quarter. Spark Investment Management LLC now owns 249,500 shares of the company’s stock valued at $731,000 after buying an additional 4,600 shares during the last quarter. Hedge funds and other institutional investors own 53.45% of the company’s stock.
About Kemet Corp.
KEMET Corporation (KEMET) is a manufacturer of passive electronic components. The Company operates in two segments: Solid Capacitors, and Film and Electrolytic. The Solid Capacitors segment primarily produces tantalum, aluminum, polymer and ceramic capacitors. Solid Capacitors also produces tantalum powder used in the production of tantalum capacitors.
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