Analysts Set Kimball Electronics, Inc. (NASDAQ:KE) PT at $24.75

Shares of Kimball Electronics, Inc. (NASDAQ:KE) have earned an average rating of “Moderate Buy” from the five analysts that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $23.25.

A number of research analysts have recently issued reports on KE shares. B. Riley cut their target price on shares of Kimball Electronics from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday. EF Hutton Acquisition Co. I downgraded Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Lake Street Capital decreased their target price on Kimball Electronics from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday. Cantor Fitzgerald cut their price target on Kimball Electronics from $28.00 to $22.00 and set an “overweight” rating for the company in a report on Friday. Finally, Sidoti downgraded shares of Kimball Electronics from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research report on Thursday.

Kimball Electronics Stock Performance

Shares of NASDAQ:KE opened at $18.41 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.03 and a quick ratio of 1.12. The business’s fifty day moving average price is $21.83 and its two-hundred day moving average price is $21.73. Kimball Electronics has a fifty-two week low of $17.29 and a fifty-two week high of $31.43. The stock has a market capitalization of $457.84 million, a price-to-earnings ratio of 14.38 and a beta of 1.30.

Kimball Electronics (NASDAQ:KE) last posted its earnings results on Tuesday, August 13th. The electronics maker reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.08). The firm had revenue of $430.16 million during the quarter, compared to the consensus estimate of $429.00 million. Kimball Electronics had a return on equity of 8.70% and a net margin of 1.81%. During the same period in the previous year, the company posted $0.76 EPS. As a group, analysts predict that Kimball Electronics will post 1.53 EPS for the current fiscal year.

Institutional Trading of Kimball Electronics

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KE. Hsbc Holdings PLC acquired a new position in shares of Kimball Electronics in the 2nd quarter valued at $210,000. The Manufacturers Life Insurance Company bought a new position in Kimball Electronics during the second quarter worth about $217,000. Allspring Global Investments Holdings LLC grew its position in shares of Kimball Electronics by 1,526.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 10,456 shares of the electronics maker’s stock worth $230,000 after buying an additional 9,813 shares during the period. EntryPoint Capital LLC grew its position in shares of Kimball Electronics by 96.2% during the 1st quarter. EntryPoint Capital LLC now owns 10,745 shares of the electronics maker’s stock worth $233,000 after buying an additional 5,269 shares during the period. Finally, Squarepoint Ops LLC bought a new stake in shares of Kimball Electronics in the 2nd quarter valued at about $237,000. 75.99% of the stock is currently owned by institutional investors and hedge funds.

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, industrial, and public safety end markets. It provides electronics manufacturing services, including engineering and supply chain support, to customers in the automotive, medical, and industrial end market verticals.