Today, Zacks: Kemet Corp. (KEM) Given Average Rating of “Buy” by Analysts

Today, Zacks: Kemet Corp. (KEM) Given Average Rating of “Buy” by Analysts
Shares of Kemet Corp. (NYSE:KEM) have earned an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.

Brokerages have set a 12-month consensus price objective of $4.25 for the company and are expecting that the company will post $0.06 earnings per share for the current quarter, according to Zacks. Zacks has also given Kemet Corp. an industry rank of 87 out of 265 based on the ratings given to its competitors.

A number of research firms have recently weighed in on KEM. B. Riley reiterated a “buy” rating and issued a $4.75 price target on shares of Kemet Corp. in a research report on Sunday, July 31st. Zacks Investment Research upgraded shares of Kemet Corp. from a “hold” rating to a “buy” rating and set a $4.25 price target for the company in a research report on Wednesday, November 2nd. Finally, TheStreet upgraded shares of Kemet Corp. from a “sell” rating to a “hold” rating in a research report on Friday, July 29th.

Shares of Kemet Corp. (NYSE:KEM) traded up 0.40% on Friday, reaching $4.98. The company’s stock had a trading volume of 331,293 shares. Kemet Corp. has a 52-week low of $1.26 and a 52-week high of $5.00. The company’s market cap is $230.48 million. The firm has a 50 day moving average of $3.83 and a 200 day moving average of $3.30.

Kemet Corp. (NYSE:KEM) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.07. Kemet Corp. had a negative net margin of 5.59% and a positive return on equity of 9.97%. The company earned $187.30 million during the quarter, compared to the consensus estimate of $187.99 million. During the same period in the previous year, the business earned $0.09 earnings per share. The firm’s quarterly revenue was up .6% on a year-over-year basis. Analysts predict that Kemet Corp. will post $0.38 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in KEM. JPMorgan Chase & Co. increased its position in shares of Kemet Corp. by 13.8% in the third quarter. JPMorgan Chase & Co. now owns 30,284 shares of the company’s stock valued at $108,000 after buying an additional 3,684 shares in the last quarter. Capital Management Corp VA purchased a new position in shares of Kemet Corp. during the third quarter valued at approximately $205,000. Acadian Asset Management LLC increased its position in shares of Kemet Corp. by 586.4% in the third quarter. Acadian Asset Management LLC now owns 148,686 shares of the company’s stock valued at $533,000 after buying an additional 127,024 shares in the last quarter. Bluefin Trading LLC increased its position in shares of Kemet Corp. by 39.1% in the second quarter. Bluefin Trading LLC now owns 178,355 shares of the company’s stock valued at $523,000 after buying an additional 50,157 shares in the last quarter. Finally, B. Riley Financial Inc. increased its position in shares of Kemet Corp. by 16.3% in the second quarter. B. Riley Financial Inc. now owns 1,654,028 shares of the company’s stock valued at $4,846,000 after buying an additional 232,228 shares in the last quarter. Institutional investors and hedge funds own 52.72% 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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