Eastman Kodak (NYSE:KODK) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Eastman Kodak (NYSE:KODK) to a hold rating in a research report released on Thursday morning,Zacks reports.

Several other research firms also recently commented on KODK. Weiss Ratings raised shares of Eastman Kodak from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Wall Street Zen raised Eastman Kodak from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Eastman Kodak Stock Down 1.5%

KODK opened at $9.60 on Thursday. Eastman Kodak has a twelve month low of $5.78 and a twelve month high of $14.87. The company’s 50-day moving average price is $9.05 and its two-hundred day moving average price is $9.58. The stock has a market cap of $939.54 million, a price-to-earnings ratio of -6.90 and a beta of 1.58. The company has a quick ratio of 1.95, a current ratio of 2.91 and a debt-to-equity ratio of 0.17.

Eastman Kodak (NYSE:KODK) last posted its earnings results on Tuesday, August 4th. The technology company reported $0.13 earnings per share (EPS) for the quarter. Eastman Kodak had a negative return on equity of 14.47% and a negative net margin of 8.28%.The firm had revenue of $311.00 million for the quarter. As a group, equities analysts expect that Eastman Kodak will post 0.39 earnings per share for the current year.

Institutional Investors Weigh In On Eastman Kodak

Institutional investors and hedge funds have recently made changes to their positions in the company. First Trust Advisors LP boosted its stake in Eastman Kodak by 0.6% during the 1st quarter. First Trust Advisors LP now owns 224,077 shares of the technology company’s stock valued at $2,028,000 after purchasing an additional 1,294 shares during the last quarter. AXQ Capital LP increased its holdings in Eastman Kodak by 7.9% in the 4th quarter. AXQ Capital LP now owns 21,459 shares of the technology company’s stock worth $182,000 after buying an additional 1,579 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Eastman Kodak by 13.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 17,672 shares of the technology company’s stock worth $160,000 after buying an additional 2,124 shares during the last quarter. Empowered Funds LLC lifted its stake in Eastman Kodak by 1.1% during the 2nd quarter. Empowered Funds LLC now owns 393,092 shares of the technology company’s stock valued at $3,636,000 after acquiring an additional 4,176 shares during the period. Finally, Bank of Nova Scotia lifted its position in Eastman Kodak by 30.1% during the first quarter. Bank of Nova Scotia now owns 18,495 shares of the technology company’s stock valued at $167,000 after purchasing an additional 4,282 shares during the period. Institutional investors own 33.65% of the company’s stock.

Eastman Kodak Company Profile

Eastman Kodak Company is a technology and imaging company that develops products and services for commercial printing, publishing, packaging, and professional photography. Its offerings include workflow software, digital printing systems, offset printing plates, inks, and related consumables. Kodak also supplies film and photographic chemicals for commercial, motion-picture, and specialty imaging applications.

The company serves customers worldwide, including commercial printers, publishers, packaging producers, manufacturers, professional photographers, and the film and entertainment industries.