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

Shares of Kimball Electronics, Inc. (NASDAQ:KE - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the five analysts that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $22.75.

A number of research analysts recently issued reports on KE shares. Lake Street Capital dropped their price target on Kimball Electronics from $23.00 to $21.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. StockNews.com upgraded Kimball Electronics from a "hold" rating to a "buy" rating in a research note on Friday.

Kimball Electronics Trading Down 2.8%

KE opened at $17.61 on Friday. Kimball Electronics has a one year low of $12.41 and a one year high of $24.45. The company has a market cap of $429.33 million, a P/E ratio of 55.03 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. The business's 50-day simple moving average is $15.49 and its 200-day simple moving average is $17.51.

Kimball Electronics (NASDAQ:KE - Get Free Report) last released 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 return on equity of 5.48% and a net margin of 0.51%. The business had revenue of $374.61 million for the quarter, compared to the consensus estimate of $338.08 million. As a group, equities research analysts expect that Kimball Electronics will post 0.89 EPS for the current fiscal year.

Institutional Trading of Kimball Electronics

A number of hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Kimball Electronics by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,063 shares of the electronics maker's stock worth $263,000 after acquiring an additional 608 shares during the period. SummerHaven Investment Management LLC lifted its holdings in shares of Kimball Electronics by 2.2% in the 1st quarter. SummerHaven Investment Management LLC now owns 36,888 shares of the electronics maker's stock valued at $607,000 after buying an additional 791 shares during the period. ExodusPoint Capital Management LP lifted its holdings in shares of Kimball Electronics by 4.3% in the 4th quarter. ExodusPoint Capital Management LP now owns 23,786 shares of the electronics maker's stock valued at $446,000 after buying an additional 979 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Kimball Electronics by 3.7% in the 4th quarter. BNP Paribas Financial Markets now owns 28,937 shares of the electronics maker's stock valued at $542,000 after buying an additional 1,039 shares during the period. Finally, Sherbrooke Park Advisers LLC lifted its holdings in shares of Kimball Electronics by 8.2% in the 4th quarter. Sherbrooke Park Advisers LLC now owns 20,006 shares of the electronics maker's stock valued at $375,000 after buying an additional 1,516 shares during the period. 75.99% of the stock is owned by institutional investors and hedge funds.

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.

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