Kimball Electronics, Inc. (NASDAQ:KE) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Kimball Electronics, Inc. (NASDAQ:KE) have been given an average rating of “Moderate Buy” by the five research firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $22.75.

A number of analysts have recently issued reports on KE shares. StockNews.com upgraded Kimball Electronics from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Lake Street Capital dropped their target price on shares of Kimball Electronics from $23.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, February 6th.

Kimball Electronics Stock Performance

Kimball Electronics stock opened at $13.71 on Friday. The firm’s 50 day simple moving average is $17.22 and its 200 day simple moving average is $18.19. The company has a current ratio of 2.28, a quick ratio of 1.29 and a debt-to-equity ratio of 0.33. Kimball Electronics has a 1-year low of $13.70 and a 1-year high of $24.45. The firm has a market capitalization of $336.65 million, a PE ratio of 42.85 and a beta of 1.21.

Kimball Electronics (NASDAQ:KE) last issued its quarterly earnings data on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share (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, analysts expect that Kimball Electronics will post 0.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kimball Electronics

Several institutional investors have recently modified their holdings of KE. Barclays PLC grew its holdings in shares of Kimball Electronics by 96.4% during the 3rd quarter. Barclays PLC now owns 65,749 shares of the electronics maker’s stock valued at $1,218,000 after purchasing an additional 32,271 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its position in Kimball Electronics by 289.1% during the third quarter. Dynamic Technology Lab Private Ltd now owns 35,533 shares of the electronics maker’s stock valued at $658,000 after buying an additional 26,402 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Kimball Electronics by 0.6% during the third 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 buying an additional 556 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Kimball Electronics by 271.3% in the third quarter. BNP Paribas Financial Markets now owns 27,898 shares of the electronics maker’s stock worth $516,000 after buying an additional 20,385 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Kimball Electronics by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 577,229 shares of the electronics maker’s stock valued at $10,686,000 after acquiring an additional 4,044 shares during the last quarter. 75.99% of the stock is currently owned by institutional investors.

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.