Wall Street Zen Upgrades Eastman Kodak (NYSE:KODK) to Buy

Eastman Kodak (NYSE:KODK) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Separately, Weiss Ratings cut Eastman Kodak from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Eastman Kodak has a consensus rating of “Sell”.

Eastman Kodak Stock Down 0.2%

Shares of NYSE:KODK opened at $10.02 on Friday. Eastman Kodak has a 1 year low of $4.94 and a 1 year high of $14.87. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.91 and a quick ratio of 1.95. The business’s 50-day moving average is $8.89 and its 200-day moving average is $9.18. The company has a market capitalization of $981.06 million, a price-to-earnings ratio of -7.21 and a beta of 1.56.

Eastman Kodak (NYSE:KODK) last released its earnings results on Tuesday, August 4th. The technology company reported $0.13 EPS for the quarter. The business had revenue of $311.00 million during the quarter. Eastman Kodak had a negative return on equity of 14.47% and a negative net margin of 8.28%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in KODK. BNP Paribas Financial Markets increased its position in shares of Eastman Kodak by 78.2% during the second quarter. BNP Paribas Financial Markets now owns 6,207 shares of the technology company’s stock worth $35,000 after acquiring an additional 2,723 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Eastman Kodak by 2,394.0% in the 4th quarter. Farther Finance Advisors LLC now owns 7,033 shares of the technology company’s stock valued at $59,000 after acquiring an additional 6,751 shares in the last quarter. Headlands Technologies LLC acquired a new position in Eastman Kodak during the 2nd quarter valued at about $45,000. Tower Research Capital LLC TRC boosted its stake in Eastman Kodak by 239.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,075 shares of the technology company’s stock valued at $46,000 after purchasing an additional 5,698 shares during the last quarter. Finally, Kemnay Advisory Services Inc. bought a new stake in Eastman Kodak during the 4th quarter worth approximately $71,000. 33.65% of the stock is owned by institutional investors.

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.