Kimball Electronics, Inc. (NASDAQ:KE) Receives Average Rating of "Moderate Buy" from Analysts

Kimball Electronics, Inc. (NASDAQ:KE - Get Free Report) has received an average recommendation of "Moderate Buy" from the five analysts that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered 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 report on Saturday, May 24th.

Hedge Funds Weigh In On Kimball Electronics

Hedge funds have recently bought and sold shares of the company. Strs Ohio acquired a new stake in Kimball Electronics in the 1st quarter valued at about $507,000. Acadian Asset Management LLC purchased a new stake in shares of Kimball Electronics in the first quarter valued at about $866,000. Jane Street Group LLC acquired a new stake in shares of Kimball Electronics in the first quarter valued at approximately $411,000. Empowered Funds LLC increased its stake in shares of Kimball Electronics by 8.3% during the 1st quarter. Empowered Funds LLC now owns 88,650 shares of the electronics maker's stock worth $1,458,000 after purchasing an additional 6,803 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Kimball Electronics by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,687 shares of the electronics maker's stock worth $242,000 after purchasing an additional 624 shares during the last quarter. 75.99% of the stock is owned by hedge funds and other institutional investors.

Kimball Electronics Stock Up 1.1%

KE stock opened at $20.29 on Friday. The stock has a market capitalization of $494.55 million, a PE ratio of 28.57 and a beta of 1.19. The company has a fifty day moving average of $18.11 and a 200-day moving average of $17.35. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.24 and a current ratio of 2.14. Kimball Electronics has a one year low of $12.41 and a one year high of $24.45.

Kimball Electronics (NASDAQ:KE - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The electronics maker reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.01. Kimball Electronics had a net margin of 1.17% and a return on equity of 5.17%. The firm had revenue of $374.61 million during the quarter, compared to the consensus estimate of $338.08 million. As a group, analysts expect that Kimball Electronics will post 0.89 EPS for the current 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.

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