Today, Kemet Corp. (KEM) Earns “Buy” Rating from B. Riley

Today, Kemet Corp. (KEM) Earns “Buy” Rating from B. Riley

Kemet Corp. (NYSE:KEM)‘s stock had its “buy” rating reissued by research analysts at B. Riley in a report issued on Monday. They currently have a $6.50 price target on the stock. B. Riley’s target price points to a potential upside of 19.05% from the stock’s current price.

Separately, Zacks Investment Research upgraded Kemet Corp. from a “hold” rating to a “buy” rating and set a $4.25 price objective on the stock in a research note on Wednesday, November 2nd.

Kemet Corp. (NYSE:KEM) traded up 8.76% on Monday, reaching $5.46. The company had a trading volume of 1,320,585 shares. The stock has a 50 day moving average of $3.93 and a 200 day moving average of $3.35. The firm’s market capitalization is $252.70 million. Kemet Corp. has a 12 month low of $1.26 and a 12 month high of $5.67.

Kemet Corp. (NYSE:KEM) last issued its earnings results on Tuesday, November 1st. The company reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.07. Kemet Corp. had a positive return on equity of 9.97% and a negative net margin of 5.59%. The firm had revenue of $187.30 million for the quarter, compared to analysts’ expectations of $187.99 million. During the same quarter last year, the firm earned $0.09 earnings per share. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. On average, analysts anticipate that Kemet Corp. will post $0.38 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of KEM. Royce & Associates LLC boosted its position in shares of Kemet Corp. by 8.0% in the fourth quarter. Royce & Associates LLC now owns 3,685,347 shares of the company’s stock worth $8,734,000 after buying an additional 274,546 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Kemet Corp. by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,078,678 shares of the company’s stock worth $4,927,000 after buying an additional 89,908 shares in the last quarter. B. Riley Financial Inc. bought a new position in shares of Kemet Corp. during the fourth quarter worth approximately $1,072,000. Algert Global LLC boosted its position in shares of Kemet Corp. by 41.3% in the first quarter. Algert Global LLC now owns 397,621 shares of the company’s stock worth $767,000 after buying an additional 116,263 shares in the last quarter. Finally, Royce & Associates LP boosted its position in shares of Kemet Corp. by 9.7% in the first quarter. Royce & Associates LP now owns 4,042,947 shares of the company’s stock worth $7,803,000 after buying an additional 357,600 shares in the last quarter. Institutional investors own 53.45% of the company’s stock.

About Kemet Corp.

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