Lake Street Capital Raises Kimball Electronics (NASDAQ:KE) Price Target to $28.00

Key Points

• Lake Street Capital has raised its price target for Kimball Electronics from $21.00 to $28.00, which suggests a potential upside of 10.24% from the current stock price.
• Kimball Electronics reported earnings per share (EPS) of $0.34 for the last quarter, surpassing the consensus estimate of $0.20 by $0.14, along with strong revenues of $380.47 million.
• Approximately 75.99% of Kimball Electronics' stock is owned by institutional investors, which indicates strong institutional support for the company.

Kimball Electronics (NASDAQ:KE - Get Free Report) had its target price upped by analysts at Lake Street Capital from $21.00 to $28.00 in a research report issued on Friday, MarketBeat Ratings reports. The firm currently has a "buy" rating on the electronics maker's stock. Lake Street Capital's target price would indicate a potential upside of 2.12% from the company's previous close.

Several other analysts also recently commented on the company. B. Riley reissued a "buy" rating on shares of Kimball Electronics in a research note on Thursday, August 14th. Wall Street Zen upgraded Kimball Electronics from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $28.00.

Kimball Electronics Trading Up 0.9%

KE stock traded up $0.24 during mid-day trading on Friday, reaching $27.42. The company's stock had a trading volume of 450,231 shares, compared to its average volume of 159,689. The business's 50 day moving average price is $20.10 and its 200 day moving average price is $17.76. The company has a market cap of $668.50 million, a price-to-earnings ratio of 40.93 and a beta of 1.22. The company has a current ratio of 2.14, a quick ratio of 1.24 and a debt-to-equity ratio of 0.27. Kimball Electronics has a 12 month low of $12.41 and a 12 month high of $27.91.

Kimball Electronics (NASDAQ:KE - Get Free Report) last released its earnings results on Wednesday, August 13th. The electronics maker reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.14. Kimball Electronics had a net margin of 1.14% and a return on equity of 5.17%. The company had revenue of $380.47 million for the quarter, compared to the consensus estimate of $333.19 million. Kimball Electronics has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Kimball Electronics will post 0.89 EPS for the current year.

Institutional Trading of Kimball Electronics

Institutional investors and hedge funds have recently modified their holdings of the stock. Founders Capital Management bought a new stake in shares of Kimball Electronics during the second quarter valued at approximately $29,000. Raymond James Financial Inc. bought a new position in Kimball Electronics in the second quarter worth approximately $34,000. Tower Research Capital LLC TRC increased its position in shares of Kimball Electronics by 197.2% during the second quarter. Tower Research Capital LLC TRC now owns 2,865 shares of the electronics maker's stock worth $55,000 after purchasing an additional 1,901 shares in the last quarter. GAMMA Investing LLC increased its position in shares of 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 purchasing an additional 4,070 shares in the last quarter. Finally, Morgan Dempsey Capital Management LLC increased its position in shares of Kimball Electronics by 12.1% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 7,494 shares of the electronics maker's stock valued at $144,000 after acquiring an additional 806 shares during the period. Institutional investors own 75.99% of the company's stock.

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.