Kimball Electronics, Inc. (NASDAQ:KE) Receives $22.75 Average Target Price from Brokerages

Kimball Electronics, Inc. (NASDAQ:KE - Get Free Report) has been given a consensus rating of "Moderate Buy" by the five brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $22.75.

A number of brokerages have issued reports on KE. Wall Street Zen upgraded Kimball Electronics from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Lake Street Capital reduced their price objective on shares of Kimball Electronics from $23.00 to $21.00 and set a "buy" rating for the company in a report on Thursday, February 6th.

Hedge Funds Weigh In On Kimball Electronics

Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC lifted its position in shares of Kimball Electronics by 28.9% during the 4th quarter. SG Americas Securities LLC now owns 11,283 shares of the electronics maker's stock valued at $211,000 after acquiring an additional 2,528 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Kimball Electronics by 5.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,539 shares of the electronics maker's stock worth $685,000 after buying an additional 1,958 shares during the period. JPMorgan Chase & Co. increased its position in shares of Kimball Electronics by 34.3% in the third quarter. JPMorgan Chase & Co. now owns 46,764 shares of the electronics maker's stock worth $866,000 after acquiring an additional 11,935 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Kimball Electronics by 5.1% in the 4th quarter. Empowered Funds LLC now owns 81,847 shares of the electronics maker's stock valued at $1,533,000 after acquiring an additional 3,939 shares in the last quarter. Finally, Foundry Partners LLC boosted its stake in Kimball Electronics by 15.0% in the 4th quarter. Foundry Partners LLC now owns 251,845 shares of the electronics maker's stock worth $4,717,000 after purchasing an additional 32,790 shares during the period. Institutional investors and hedge funds own 75.99% of the company's stock.

Kimball Electronics Stock Performance

Shares of NASDAQ KE traded up $0.17 during trading on Friday, reaching $17.69. The stock had a trading volume of 55,229 shares, compared to its average volume of 126,565. The firm's 50 day moving average price is $15.57 and its two-hundred day moving average price is $17.50. Kimball Electronics has a one year low of $12.41 and a one year high of $24.45. The stock has a market cap of $431.16 million, a PE ratio of 55.27 and a beta of 1.11. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.29 and a current ratio of 2.28.

Kimball Electronics (NASDAQ:KE - Get Free Report) last issued its earnings results on Tuesday, May 6th. The electronics maker reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.01. Kimball Electronics had a net margin of 0.51% and a return on equity of 5.48%. The company had revenue of $374.61 million for the quarter, compared to analysts' expectations of $338.08 million. On average, research analysts forecast 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.