Shares of Kimball Electronics, Inc. (NASDAQ:KE - Get Free Report) have been given a consensus rating of "Moderate Buy" by the five analysts that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong 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 $32.00.
KE has been the subject of several analyst reports. KeyCorp assumed coverage on shares of Kimball Electronics in a research note on Thursday, July 2nd. They issued a "sector weight" rating for the company. Wall Street Zen cut shares of Kimball Electronics from a "buy" rating to a "hold" rating in a research note on Saturday, July 4th. Zacks Research upgraded shares of Kimball Electronics from a "hold" rating to a "strong-buy" rating in a report on Monday, July 6th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Kimball Electronics in a research note on Tuesday, August 4th.
Read Our Latest Research Report on Kimball Electronics
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the business. Quarry LP purchased a new stake in shares of Kimball Electronics in the third quarter valued at $28,000. Public Employees Retirement System of Ohio purchased a new position in Kimball Electronics during the second quarter worth about $29,000. Raymond James Financial Inc. acquired a new stake in Kimball Electronics in the 2nd quarter worth about $34,000. Farther Finance Advisors LLC purchased a new stake in Kimball Electronics in the 4th quarter valued at about $35,000. Finally, CWM LLC grew its holdings in Kimball Electronics by 135.2% in the 4th quarter. CWM LLC now owns 1,244 shares of the electronics maker's stock valued at $35,000 after buying an additional 715 shares during the period. Hedge funds and other institutional investors own 75.99% of the company's stock.
Kimball Electronics Price Performance
KE stock opened at $23.57 on Friday. Kimball Electronics has a 1 year low of $21.01 and a 1 year high of $33.19. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.29 and a current ratio of 2.11. The stock's 50 day moving average price is $25.11 and its 200 day moving average price is $25.21. The firm has a market cap of $566.86 million, a P/E ratio of 20.86, a PEG ratio of 1.05 and a beta of 1.23.
Kimball Electronics (NASDAQ:KE - Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The electronics maker reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.40). Kimball Electronics had a return on equity of 4.42% and a net margin of 1.95%.The company had revenue of $371.57 million for the quarter, compared to analysts' expectations of $373.63 million. On average, sell-side analysts expect that Kimball Electronics will post 1.13 earnings per share for the current fiscal year.
About Kimball Electronics
(
Get Free Report)
Kimball Electronics, Inc is a global electronic manufacturing services (EMS) provider headquartered in Jasper, Tennessee. The company offers end-to-end product design and manufacturing solutions, serving original equipment manufacturers (OEMs) across a range of industries. With a focus on precision electronics and complex assemblies, Kimball Electronics leverages advanced engineering capabilities, quality systems and lean production methods to support customers from product concept through full-scale production.
The company's core offerings include printed circuit board assembly (PCBA), system integration, tooling and test fixture development, and aftermarket services.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Kimball Electronics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kimball Electronics wasn't on the list.
While Kimball Electronics currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link to see MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
