Brokerages Set Kimball Electronics, Inc. (NASDAQ:KE) PT at $22.75

Shares of Kimball Electronics, Inc. (NASDAQ:KE) have earned a consensus recommendation of “Moderate Buy” from the five analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $22.75.

KE has been the topic of a number of research analyst reports. Lake Street Capital decreased their price target on Kimball Electronics from $23.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. StockNews.com upgraded Kimball Electronics from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th.

Kimball Electronics Stock Down 0.1 %

NASDAQ KE opened at $16.57 on Monday. The firm has a market cap of $406.88 million, a PE ratio of 51.78 and a beta of 1.21. Kimball Electronics has a one year low of $16.10 and a one year high of $24.45. The stock’s 50 day simple moving average is $18.05 and its 200 day simple moving average is $18.37. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.28 and a quick ratio of 1.29.

Kimball Electronics (NASDAQ:KE) last released its quarterly earnings results on Tuesday, February 4th. The electronics maker reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. Kimball Electronics had a return on equity of 5.48% and a net margin of 0.51%. As a group, sell-side analysts forecast that Kimball Electronics will post 0.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Kimball Electronics by 0.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 95,526 shares of the electronics maker’s stock valued at $1,768,000 after purchasing an additional 556 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Kimball Electronics by 4.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,063 shares of the electronics maker’s stock valued at $263,000 after purchasing an additional 608 shares during the period. ExodusPoint Capital Management LP lifted its stake in shares of Kimball Electronics by 4.3% in the 4th quarter. ExodusPoint Capital Management LP now owns 23,786 shares of the electronics maker’s stock valued at $446,000 after purchasing an additional 979 shares during the period. BNP Paribas Financial Markets raised its stake in Kimball Electronics by 3.7% during the 4th quarter. BNP Paribas Financial Markets now owns 28,937 shares of the electronics maker’s stock worth $542,000 after buying an additional 1,039 shares during the period. Finally, Point72 DIFC Ltd acquired a new stake in Kimball Electronics during the 3rd quarter worth $25,000. Institutional investors and hedge funds own 75.99% of the company’s stock.

Kimball Electronics Company Profile

Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, and industrial end markets. The Company also offers contract manufacturing services, including engineering and supply chain support for the production of electronic assemblies and other products, including non-electronic components, medical devices, medical disposables, and precision molded plastics, as well as automation, test, and inspection equipment primarily used in automotive, medical, and industrial applications.