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

Kimball Electronics, Inc. (NASDAQ:KE - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the five analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $22.75.

Separately, Wall Street Zen raised Kimball Electronics from a "hold" rating to a "buy" rating in a report on Saturday, May 24th.

Kimball Electronics Price Performance

Shares of Kimball Electronics stock traded up $0.03 during mid-day trading on Friday, reaching $20.18. 82,946 shares of the stock traded hands, compared to its average volume of 138,276. The business has a 50-day moving average of $18.44 and a 200 day moving average of $17.39. Kimball Electronics has a fifty-two week low of $12.41 and a fifty-two week high of $24.45. The stock has a market capitalization of $491.99 million, a PE ratio of 28.42 and a beta of 1.19. The company has a quick ratio of 1.24, a current ratio of 2.14 and a debt-to-equity ratio of 0.27.

Kimball Electronics (NASDAQ:KE - Get Free Report) last announced its earnings results 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 return on equity of 5.17% and a net margin of 1.17%. The business had revenue of $374.61 million during the quarter, compared to analysts' expectations of $338.08 million. On average, analysts predict that Kimball Electronics will post 0.89 EPS for the current year.

Institutional Investors Weigh In On Kimball Electronics

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its stake in Kimball Electronics by 3,256.0% during the first quarter. GAMMA Investing LLC now owns 4,195 shares of the electronics maker's stock worth $69,000 after acquiring an additional 4,070 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Kimball Electronics during the fourth quarter worth $82,000. Aquatic Capital Management LLC increased its stake in 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 during the last quarter. EntryPoint Capital LLC acquired a new stake in Kimball Electronics during the first quarter worth $177,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Kimball Electronics during the first quarter worth $200,000. 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.