Keyence (OTCMKTS:KYCCF) Stock Rating Cut to Hold at Zacks Research

Zacks Research lowered shares of Keyence (OTCMKTS:KYCCF) from a strong-buy rating to a hold rating in a report issued on Monday,Zacks reports.

Separately, Citigroup raised shares of Keyence from a “hold” rating to a “buy” rating in a report on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Keyence Trading Up 0.8%

Shares of KYCCF opened at $466.80 on Monday. The firm has a market cap of $113.21 billion, a P/E ratio of 129.67 and a beta of 1.39. Keyence has a 12 month low of $316.20 and a 12 month high of $581.60. The stock’s 50 day moving average is $497.31 and its two-hundred day moving average is $458.31.

Keyence (OTCMKTS:KYCCF) last announced its earnings results on Thursday, October 29th. The company reported $4.13 earnings per share for the quarter, topping the consensus estimate of $3.92 by $0.21. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.30 billion. Equities research analysts forecast that Keyence will post 15.14 EPS for the current year.

Keyence Company Profile

Keyence Corporation develops and sells factory-automation equipment used to monitor, inspect and improve manufacturing processes. Its products include sensors, measuring instruments, machine-vision systems, laser markers, microscopes and programmable logic controllers. Founded in Japan in 1974, the company serves manufacturers across a range of industries, including automotive, electronics, semiconductor and pharmaceutical production. Keyence sells its products internationally through a global sales and support network.