Eastman Kodak (NYSE:KODK) Upgraded by Wall Street Zen to Buy Rating

Key Points

• Wall Street Zen upgraded Eastman Kodak from a "hold" to a "buy" rating, while Weiss Ratings moved the stock from "sell (d+)" to "hold (c-)"; despite these changes, MarketBeat's consensus rating remains "Hold".
• Kodak reported a quarterly loss of $1.23 EPS on $290 million in revenue, with negative ROE (−19.99%) and net margin (−11.97%); the stock has a market cap of about $1.25 billion and a negative P/E of −7.13.

Eastman Kodak (NYSE:KODK - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.

Separately, Weiss Ratings raised Eastman Kodak from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, April 13th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of "Hold".

Eastman Kodak Stock Performance

NYSE KODK opened at $12.77 on Friday. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of -7.13 and a beta of 1.36. Eastman Kodak has a twelve month low of $4.94 and a twelve month high of $13.48. The company has a current ratio of 3.14, a quick ratio of 2.32 and a debt-to-equity ratio of 0.34. The stock has a 50-day moving average of $9.27 and a 200 day moving average of $8.16.

Eastman Kodak (NYSE:KODK - Get Free Report) last released its quarterly earnings results on Thursday, March 12th. The technology company reported ($1.23) earnings per share for the quarter. The business had revenue of $290.00 million during the quarter. Eastman Kodak had a negative return on equity of 19.99% and a negative net margin of 11.97%.

Hedge Funds Weigh In On Eastman Kodak

A number of hedge funds have recently made changes to their positions in the company. Virtu Financial LLC acquired a new position in shares of Eastman Kodak during the fourth quarter valued at approximately $134,000. Empowered Funds LLC raised its holdings in shares of Eastman Kodak by 10.9% during the fourth quarter. Empowered Funds LLC now owns 353,909 shares of the technology company's stock valued at $2,994,000 after acquiring an additional 34,646 shares during the last quarter. XTX Topco Ltd raised its holdings in shares of Eastman Kodak by 17.3% during the fourth quarter. XTX Topco Ltd now owns 65,967 shares of the technology company's stock valued at $558,000 after acquiring an additional 9,744 shares during the last quarter. Voloridge Investment Management LLC acquired a new position in shares of Eastman Kodak during the fourth quarter valued at approximately $475,000. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of Eastman Kodak in the fourth quarter valued at approximately $116,000. Institutional investors and hedge funds own 33.65% of the company's stock.

Eastman Kodak Company Profile

Eastman Kodak Company NYSE: KODK is a global technology firm specializing in imaging, printing and advanced materials. The company offers a wide array of products and services that enable customers to create, manage and share visual content across traditional and digital platforms. Its core offerings include graphic communications solutions, enterprise inkjet systems, packaging technologies, functional printing and micro 3D printing systems.

Kodak's graphic communications segment serves commercial printers, packaging converters and publishing houses with offset plates, digital presses, workflow software and services designed to streamline production.

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