Kimball Electronics, Inc. (NASDAQ:KE) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Kimball Electronics, Inc. (NASDAQ:KE) have received a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $32.00.

A number of research firms have issued reports on KE. Zacks Research upgraded Kimball Electronics from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. KeyCorp assumed coverage on Kimball Electronics in a report on Thursday, July 2nd. They issued a “sector weight” rating on the stock. Wall Street Zen lowered Kimball Electronics from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kimball Electronics in a research report on Tuesday, August 4th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in KE. IFP Advisors Inc raised its holdings in Kimball Electronics by 7.6% during the second quarter. IFP Advisors Inc now owns 8,422 shares of the electronics maker’s stock worth $216,000 after acquiring an additional 592 shares in the last quarter. Quantinno Capital Management LP grew its stake in Kimball Electronics by 2.4% in the first quarter. Quantinno Capital Management LP now owns 31,578 shares of the electronics maker’s stock valued at $748,000 after purchasing an additional 734 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Kimball Electronics by 6.8% in the first quarter. Janney Montgomery Scott LLC now owns 13,246 shares of the electronics maker’s stock valued at $314,000 after purchasing an additional 839 shares in the last quarter. Los Angeles Capital Management LLC grew its stake in Kimball Electronics by 2.2% in the fourth quarter. Los Angeles Capital Management LLC now owns 47,453 shares of the electronics maker’s stock valued at $1,388,000 after purchasing an additional 1,032 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Kimball Electronics during the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds own 75.99% of the company’s stock.

Kimball Electronics Stock Down 8.5%

Kimball Electronics stock opened at $23.95 on Tuesday. The stock has a market capitalization of $574.08 million, a PE ratio of 21.19, a price-to-earnings-growth ratio of 1.11 and a beta of 1.20. Kimball Electronics has a twelve month low of $21.01 and a twelve month high of $33.19. The company has a quick ratio of 1.27, a current ratio of 2.09 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average of $24.77 and a 200-day moving average of $25.02.

Kimball Electronics (NASDAQ:KE) last issued its quarterly earnings data on Wednesday, August 12th. The electronics maker reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). The company had revenue of $371.57 million for the quarter, compared to analyst estimates of $373.63 million. Kimball Electronics had a return on equity of 4.41% and a net margin of 1.95%. On average, equities research analysts anticipate that Kimball Electronics will post 1.18 EPS for the current fiscal year.

Kimball Electronics Company Profile

Kimball Electronics, Inc (NASDAQ: KE) is a contract manufacturing services provider that designs and manufactures electronic and electromechanical products for customers in the automotive, medical, and industrial markets. The company supports customers from product development through production, offering engineering, supply chain management, manufacturing, testing, and final assembly services.

Its capabilities include the production of printed circuit board assemblies, electronic modules, cable and wire harnesses, medical devices, automotive components, and industrial control products.