Wall Street Zen Downgrades Kimball Electronics (NASDAQ:KE) to Buy

Wall Street Zen cut shares of Kimball Electronics (NASDAQ:KE) from a strong-buy rating to a buy rating in a research report released on Sunday.

Other research analysts have also issued research reports about the company. B. Riley reaffirmed a “buy” rating on shares of Kimball Electronics in a report on Thursday, August 14th. Lake Street Capital lifted their target price on Kimball Electronics from $21.00 to $28.00 and gave the company a “buy” rating in a report on Friday, August 15th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, Kimball Electronics currently has an average rating of “Buy” and a consensus price target of $28.00.

Kimball Electronics Trading Up 0.2%

Shares of Kimball Electronics stock opened at $28.71 on Friday. Kimball Electronics has a 52-week low of $12.41 and a 52-week high of $28.99. The stock’s 50-day simple moving average is $20.85 and its 200 day simple moving average is $18.07. The stock has a market capitalization of $699.95 million, a P/E ratio of 42.85 and a beta of 1.22. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.24 and a current ratio of 2.20.

Kimball Electronics (NASDAQ:KE) last posted its earnings results on Wednesday, August 13th. The electronics maker reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.14. The business had revenue of $380.47 million during the quarter, compared to analyst estimates of $333.19 million. Kimball Electronics had a return on equity of 5.11% and a net margin of 1.14%. Kimball Electronics has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Kimball Electronics will post 0.89 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Founders Capital Management bought a new position in Kimball Electronics during the second quarter valued at approximately $29,000. Raymond James Financial Inc. bought a new position in Kimball Electronics during the second quarter valued at approximately $34,000. Tower Research Capital LLC TRC grew its position in Kimball Electronics by 197.2% during the second quarter. Tower Research Capital LLC TRC now owns 2,865 shares of the electronics maker’s stock valued at $55,000 after acquiring an additional 1,901 shares during the last quarter. GAMMA Investing LLC grew its position in Kimball Electronics by 3,256.0% during the first quarter. GAMMA Investing LLC now owns 4,195 shares of the electronics maker’s stock valued at $69,000 after acquiring an additional 4,070 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC grew its position in Kimball Electronics by 12.1% during the second quarter. Morgan Dempsey Capital Management LLC now owns 7,494 shares of the electronics maker’s stock valued at $144,000 after acquiring an additional 806 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.