Wall Street Zen lowered shares of Kimball Electronics (NASDAQ:KE - Free Report) from a strong-buy rating to a buy rating in a research note released on Sunday.
Other equities analysts also recently issued research reports about the stock. B. Riley reaffirmed a "buy" rating on shares of Kimball Electronics in a research note on Thursday, August 14th. Lake Street Capital lifted their target price on shares of Kimball Electronics from $21.00 to $28.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Kimball Electronics presently has an average rating of "Buy" and a consensus price target of $28.00.
Read Our Latest Research Report on Kimball Electronics
Kimball Electronics Price Performance
Kimball Electronics stock traded up $0.01 during mid-day trading on Friday, reaching $28.87. The company had a trading volume of 187,257 shares, compared to its average volume of 270,297. Kimball Electronics has a fifty-two week low of $12.41 and a fifty-two week high of $29.11. The company has a current ratio of 2.20, a quick ratio of 1.24 and a debt-to-equity ratio of 0.23. The company has a market cap of $703.85 million, a P/E ratio of 43.09 and a beta of 1.22. The business has a fifty day simple moving average of $21.44 and a 200 day simple moving average of $18.31.
Kimball Electronics (NASDAQ:KE - Get Free Report) last issued its earnings results on Wednesday, August 13th. The electronics maker reported $0.34 earnings per share 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 5.11%. The firm had revenue of $380.47 million for the quarter, compared to analyst estimates 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 earnings per share for the current year.
Hedge Funds Weigh In On Kimball Electronics
Hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Wyoming purchased a new stake in shares of Kimball Electronics in the 2nd quarter worth about $405,000. Tower Research Capital LLC TRC lifted its position in shares of Kimball Electronics by 197.2% in the 2nd 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 during the period. Man Group plc bought a new position in shares of Kimball Electronics in the 2nd quarter worth about $494,000. Lazard Asset Management LLC increased its stake in shares of Kimball Electronics by 0.9% in the 2nd quarter. Lazard Asset Management LLC now owns 63,912 shares of the electronics maker's stock worth $1,229,000 after acquiring an additional 561 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its stake in shares of Kimball Electronics by 5.2% in the 2nd quarter. Bridgeway Capital Management LLC now owns 174,397 shares of the electronics maker's stock worth $3,354,000 after acquiring an additional 8,547 shares in the last quarter. Hedge funds and other institutional investors own 75.99% of the company's stock.
Kimball Electronics Company Profile
(
Get Free Report)
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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