Analysts Set Kimball Electronics, Inc. (NASDAQ:KE) PT at $22.75

Kimball Electronics, Inc. (NASDAQ:KE - Get Free Report) has earned an average rating of "Moderate Buy" from the five ratings firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $22.75.

Separately, Wall Street Zen upgraded shares of Kimball Electronics from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th.

Institutional Investors Weigh In On Kimball Electronics

Hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC boosted its stake in shares of Kimball Electronics by 3,256.0% during the 1st quarter. GAMMA Investing LLC now owns 4,195 shares of the electronics maker's stock valued at $69,000 after buying an additional 4,070 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Kimball Electronics during the fourth quarter worth $82,000. Aquatic Capital Management LLC raised its holdings in shares of Kimball Electronics by 211.6% during the fourth quarter. Aquatic Capital Management LLC now owns 8,726 shares of the electronics maker's stock worth $163,000 after acquiring an additional 5,926 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in Kimball Electronics during the first quarter valued at $177,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Kimball Electronics during the first quarter valued at $200,000. 75.99% of the stock is owned by hedge funds and other institutional investors.

Kimball Electronics Price Performance

Shares of NASDAQ:KE traded down $0.01 on Wednesday, hitting $19.18. The company had a trading volume of 245,549 shares, compared to its average volume of 134,945. The company has a current ratio of 2.28, a quick ratio of 1.29 and a debt-to-equity ratio of 0.33. The company has a market cap of $467.61 million, a PE ratio of 59.94 and a beta of 1.19. Kimball Electronics has a 52-week low of $12.41 and a 52-week high of $24.45. The business has a 50 day moving average of $16.04 and a 200 day moving average of $17.34.

Kimball Electronics (NASDAQ:KE - Get Free Report) last released its earnings results on Tuesday, May 6th. The electronics maker reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.01. The firm had revenue of $374.61 million for the quarter, compared to the consensus estimate of $338.08 million. Kimball Electronics had a return on equity of 5.48% and a net margin of 0.51%. As a group, equities analysts anticipate that Kimball Electronics will post 0.89 earnings per share for the current fiscal year.

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, 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.