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

Key Points

• Kimball Electronics has received a consensus recommendation of "Moderate Buy" from five analysts, with an average 12-month target price of $22.75.
• Institutional investors hold 75.99% of Kimball Electronics' stock, indicating significant interest from large investment firms.
• In its latest quarterly report, the company beat earnings estimates with an EPS of $0.27 and reported revenue of $374.61 million, exceeding expectations.

Kimball Electronics, Inc. (NASDAQ:KE - Get Free Report) has been given an average rating of "Moderate Buy" by the five ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $22.75.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KE. Founders Capital Management purchased a new stake in shares of Kimball Electronics in the 2nd quarter valued at approximately $29,000. GAMMA Investing LLC lifted its position in Kimball Electronics by 3,256.0% in the 1st quarter. GAMMA Investing LLC now owns 4,195 shares of the electronics maker's stock worth $69,000 after buying an additional 4,070 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Kimball Electronics during the 4th quarter valued at $82,000. Morgan Dempsey Capital Management LLC raised its holdings in shares of Kimball Electronics by 12.1% during the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 7,494 shares of the electronics maker's stock valued at $144,000 after purchasing an additional 806 shares in the last quarter. Finally, AlphaQuest LLC grew its stake in Kimball Electronics by 9.1% in the 2nd quarter. AlphaQuest LLC now owns 8,119 shares of the electronics maker's stock valued at $156,000 after buying an additional 678 shares during the last quarter. 75.99% of the stock is currently owned by institutional investors.

Kimball Electronics Price Performance

NASDAQ KE traded down $0.50 during trading hours on Thursday, reaching $18.26. The company's stock had a trading volume of 108,892 shares, compared to its average volume of 99,999. The company's 50-day moving average is $19.11 and its two-hundred day moving average is $17.44. Kimball Electronics has a 1-year low of $12.41 and a 1-year high of $21.90. The firm has a market capitalization of $445.18 million, a price-to-earnings ratio of 25.72 and a beta of 1.22. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.14 and a quick ratio of 1.24.

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

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.