Kimball Electronics (NASDAQ:KE) Stock Rating Lowered by Zacks Research

Key Points

• Kimball Electronics' stock rating was downgraded from a "strong-buy" to a "hold" by Zacks Research, reflecting a shift in investor sentiment.
• Despite the downgrade, Kimball Electronics has maintained a Moderate Buy consensus rating among analysts, with an average price target of $28.00.
• The company's stock rose by 1.9% to open at $29.00, following a positive quarterly earnings report that exceeded revenue and earnings expectations.

Kimball Electronics (NASDAQ:KE - Get Free Report) was downgraded by investment analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a report released on Tuesday,Zacks.com reports.

KE has been the topic of several other research reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Kimball Electronics in a research note on Tuesday. B. Riley reiterated a "buy" rating on shares of Kimball Electronics in a research note on Thursday, October 9th. Wall Street Zen downgraded Kimball Electronics from a "strong-buy" rating to a "buy" rating in a research note on Saturday, October 11th. Finally, Lake Street Capital boosted their price target on Kimball Electronics from $21.00 to $28.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $28.00.

Kimball Electronics Stock Up 1.9%

Kimball Electronics stock opened at $29.00 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.34 and a current ratio of 2.20. The business's 50-day simple moving average is $28.41 and its two-hundred day simple moving average is $21.21. The company has a market cap of $707.31 million, a PE ratio of 43.28 and a beta of 1.23. Kimball Electronics has a fifty-two week low of $12.41 and a fifty-two week high of $33.19.

Kimball Electronics (NASDAQ:KE - Get Free Report) last posted its quarterly earnings results on Wednesday, August 13th. The electronics maker reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.14. The business had revenue of $380.47 million for the quarter, compared to the consensus estimate of $333.19 million. Kimball Electronics had a return on equity of 5.11% and a net margin of 1.14%. Kimball Electronics has set its FY 2025 guidance at EPS. Equities analysts anticipate that Kimball Electronics will post 0.89 EPS for the current year.

Institutional Investors Weigh In On Kimball Electronics

Hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC boosted 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 purchasing an additional 4,070 shares in the last quarter. Avantax Advisory Services Inc. raised its holdings in Kimball Electronics by 81.8% in the 1st quarter. Avantax Advisory Services Inc. now owns 63,392 shares of the electronics maker's stock worth $1,043,000 after purchasing an additional 28,521 shares during the period. Envestnet Asset Management Inc. raised its holdings in Kimball Electronics by 45.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 339,230 shares of the electronics maker's stock worth $5,580,000 after purchasing an additional 105,889 shares during the period. Peapod Lane Capital LLC acquired a new position in Kimball Electronics in the 1st quarter worth about $519,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Kimball Electronics by 34.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 300,694 shares of the electronics maker's stock worth $4,946,000 after purchasing an additional 77,272 shares during the period. Hedge funds and other institutional investors own 75.99% of the company's stock.

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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