Raymond James Analysts Give KVH Industries (KVHI) a $12.00 Price Target

KVH Industries (NASDAQ:KVHI) has been given a $12.00 price target by investment analysts at Raymond James in a research note issued to investors on Friday, Stock Target Advisor reports. The firm presently has a “buy” rating on the communications equipment provider’s stock. Raymond James’ price objective suggests a potential upside of 21.09% from the company’s current price.

Several other equities research analysts have also weighed in on the company. B. Riley initiated coverage on KVH Industries in a report on Wednesday, March 6th. They issued a “buy” rating and a $15.00 price objective for the company. ValuEngine lowered KVH Industries from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. Needham & Company LLC reissued a “buy” rating and issued a $13.00 price objective (down previously from $14.00) on shares of KVH Industries in a report on Friday, May 3rd. Chardan Capital set a $20.00 price objective on KVH Industries and gave the stock a “buy” rating in a report on Tuesday, May 14th. Finally, Zacks Investment Research raised KVH Industries from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Thursday, May 9th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $14.20.

Shares of KVHI opened at $9.91 on Friday. KVH Industries has a fifty-two week low of $9.16 and a fifty-two week high of $14.15. The stock has a market capitalization of $177.19 million, a P/E ratio of -82.58 and a beta of 0.76. The company has a quick ratio of 0.78, a current ratio of 1.18 and a debt-to-equity ratio of 0.24.

KVH Industries (NASDAQ:KVHI) last announced its quarterly earnings data on Friday, March 1st. The communications equipment provider reported ($0.03) earnings per share for the quarter. KVH Industries had a negative return on equity of 4.30% and a negative net margin of 6.16%. The firm had revenue of $43.75 million during the quarter, compared to analysts’ expectations of $46.08 million. Sell-side analysts expect that KVH Industries will post -0.27 earnings per share for the current year.

In other KVH Industries news, EVP Mark Woodhead sold 2,347 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $11.51, for a total value of $27,013.97. Following the completion of the transaction, the executive vice president now owns 37,831 shares in the company, valued at approximately $435,434.81. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Van Heyningen Martin Kits sold 3,293 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $10.21, for a total value of $33,621.53. Following the completion of the transaction, the chief executive officer now owns 809,567 shares of the company’s stock, valued at approximately $8,265,679.07. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,542 shares of company stock valued at $311,346. 11.30% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of KVHI. BNP Paribas Arbitrage SA boosted its stake in KVH Industries by 565.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,458 shares of the communications equipment provider’s stock worth $35,000 after purchasing an additional 2,938 shares during the period. Bank of America Corp DE boosted its stake in KVH Industries by 37.4% in the 4th quarter. Bank of America Corp DE now owns 14,693 shares of the communications equipment provider’s stock worth $152,000 after purchasing an additional 3,999 shares during the period. Pitcairn Co. boosted its stake in KVH Industries by 26.6% in the 4th quarter. Pitcairn Co. now owns 20,683 shares of the communications equipment provider’s stock worth $213,000 after purchasing an additional 4,352 shares during the period. Rhumbline Advisers boosted its stake in KVH Industries by 44.0% in the 4th quarter. Rhumbline Advisers now owns 22,987 shares of the communications equipment provider’s stock worth $237,000 after purchasing an additional 7,022 shares during the period. Finally, ETF Managers Group LLC bought a new position in KVH Industries in the 4th quarter worth about $250,000. Institutional investors and hedge funds own 54.40% of the company’s stock.

KVH Industries Company Profile

KVH Industries, Inc designs, develops, manufactures, and markets mobile connectivity products and services for the marine and land mobile markets in the United States and internationally. The company offers mobile satellite TV and communications products; two-way satellite communications systems; onboard V-IP terminals and hub equipment; network management hardware and software products for maritime communications; and Iridium OpenPort hardware products and services.

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