Brokerages Set Kimball Electronics, Inc. (NASDAQ:KE) PT at $23.25

Kimball Electronics, Inc. (NASDAQ:KE) has earned a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $23.25.

KE has been the subject of several research reports. EF Hutton Acquisition Co. I lowered Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 14th. Cantor Fitzgerald decreased their price target on Kimball Electronics from $28.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday, August 16th. Lake Street Capital cut their price objective on Kimball Electronics from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Sidoti cut shares of Kimball Electronics from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a report on Thursday, August 15th. Finally, B. Riley cut their price target on shares of Kimball Electronics from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, August 15th.

Kimball Electronics Price Performance

Shares of Kimball Electronics stock opened at $17.37 on Tuesday. Kimball Electronics has a 52 week low of $17.09 and a 52 week high of $28.73. The company has a current ratio of 2.26, a quick ratio of 1.36 and a debt-to-equity ratio of 0.43. The stock has a market cap of $431.97 million, a PE ratio of 13.57 and a beta of 1.26. The company’s 50-day moving average price is $20.35 and its two-hundred day moving average price is $21.22.

Kimball Electronics (NASDAQ:KE) last released its earnings results on Tuesday, August 13th. The electronics maker reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.08). The business 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 6.65% and a net margin of 1.20%. During the same quarter in the previous year, the firm earned $0.76 earnings per share. As a group, sell-side analysts anticipate that Kimball Electronics will post 1.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

About Kimball Electronics

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.