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

Shares of Kimball Electronics, Inc. (NASDAQ:KE) have earned a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $22.75.

A number of research analysts have weighed in on KE shares. StockNews.com upgraded shares of Kimball Electronics from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Lake Street Capital cut 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 note on Thursday, February 6th.

Kimball Electronics Trading Up 1.4 %

Shares of Kimball Electronics stock opened at $16.90 on Thursday. The firm has a 50-day simple moving average of $18.58 and a two-hundred day simple moving average of $18.73. The company has a market cap of $417.09 million, a P/E ratio of 52.81 and a beta of 1.24. Kimball Electronics has a fifty-two week low of $16.36 and a fifty-two week high of $24.45. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.30 and a current ratio of 2.28.

Kimball Electronics (NASDAQ:KE) last issued its quarterly earnings data on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. Kimball Electronics had a net margin of 0.51% and a return on equity of 5.47%. As a group, equities analysts predict that Kimball Electronics will post 1.02 earnings per share for the current fiscal year.

Institutional Trading of Kimball Electronics

A number of hedge funds have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Kimball Electronics by 0.6% during 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 worth $1,768,000 after buying an additional 556 shares during the last quarter. ExodusPoint Capital Management LP increased its holdings in shares of Kimball Electronics by 4.3% during the 4th quarter. ExodusPoint Capital Management LP now owns 23,786 shares of the electronics maker’s stock worth $446,000 after buying an additional 979 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Kimball Electronics during the 3rd quarter worth approximately $25,000. Victory Capital Management Inc. increased its holdings in shares of Kimball Electronics by 2.5% during the 4th quarter. Victory Capital Management Inc. now owns 64,684 shares of the electronics maker’s stock worth $1,212,000 after buying an additional 1,555 shares during the last quarter. Finally, Foundry Partners LLC increased its holdings in shares of Kimball Electronics by 1.0% during the 3rd quarter. Foundry Partners LLC now owns 219,055 shares of the electronics maker’s stock worth $4,055,000 after buying an additional 2,100 shares during the last quarter. 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.