Kimball Electronics (NASDAQ:KE) Upgraded at StockNews.com

Kimball Electronics (NASDAQ:KE - Get Free Report) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a research report issued on Friday.

Separately, Lake Street Capital reduced their target price on Kimball Electronics from $23.00 to $21.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $22.75.

Kimball Electronics Stock Down 2.0%

Shares of KE traded down $0.35 during trading hours on Friday, hitting $17.52. The company had a trading volume of 211,986 shares, compared to its average volume of 126,832. The company's fifty day moving average price is $15.57 and its two-hundred day moving average price is $17.50. Kimball Electronics has a one year low of $12.41 and a one year high of $24.45. The company has a market capitalization of $427.14 million, a PE ratio of 54.75 and a beta of 1.11. The company has a current ratio of 2.28, a quick ratio of 1.29 and a debt-to-equity ratio of 0.33.

Kimball Electronics (NASDAQ:KE - Get Free Report) last announced its earnings results on Tuesday, May 6th. The electronics maker reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. Kimball Electronics had a return on equity of 5.48% and a net margin of 0.51%. The company had revenue of $374.61 million for the quarter, compared to analyst estimates of $338.08 million. As a group, equities analysts forecast that Kimball Electronics will post 0.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Kimball Electronics by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 1,945,556 shares of the electronics maker's stock worth $36,440,000 after buying an additional 92,166 shares during the last quarter. Earnest Partners LLC boosted its stake in shares of Kimball Electronics by 10.3% in the first quarter. Earnest Partners LLC now owns 691,417 shares of the electronics maker's stock worth $11,374,000 after buying an additional 64,307 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Kimball Electronics by 20.2% in the first quarter. American Century Companies Inc. now owns 588,861 shares of the electronics maker's stock worth $9,687,000 after buying an additional 98,965 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in shares of Kimball Electronics by 14.4% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 357,300 shares of the electronics maker's stock worth $6,692,000 after buying an additional 44,840 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Kimball Electronics by 45.4% in the first quarter. Envestnet Asset Management Inc. now owns 339,230 shares of the electronics maker's stock worth $5,580,000 after buying an additional 105,889 shares during the last quarter. 75.99% of the stock is owned by institutional investors and hedge funds.

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.