KVH Industries (KVHI) Gets a Buy Rating from Chardan Capital

By Jason Carr

In a report released yesterday, James McIlree from Chardan Capital reiterated a Buy rating on KVH Industries (KVHIResearch Report), with a price target of $20. The company’s shares closed on Friday at $9.82.

McIlree commented:

“We expect a modest operating cash burn in the second half and positive operating cash flow next year.”

According to TipRanks.com, McIlree has 0 stars on 0-5 star ranking scale with an average return of -6.0% and a 37.4% success rate. McIlree covers the Consumer Goods sector, focusing on stocks such as Foresight Autonomous Holdings Ltd, Vuzix Corporation, and Arcimoto Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for KVH Industries with a $15.67 average price target.

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KVH Industries’ market cap is currently $175.6M and has a P/E ratio of 4.52. The company has a Price to Book ratio of 1.83.

Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock.

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KVH Industries, Inc. engages in the provision of internet, television, and voice services via satellite to mobile users at sea and on land. It operates through the following segments: Mobile Connectivity and Inertial Navigation. The Mobile Connectivity segment comprises of satellite television and internet solutions and media and content delivery solutions.