Kimball Electronics (NASDAQ:KE) Upgraded to Strong-Buy at Wall Street Zen

Key Points

• Kimball Electronics has been upgraded from a "buy" to a "strong-buy" rating by analysts at Wall Street Zen, signaling increased investor confidence.
• The company's stock opened at $28.87, with a market cap of $703.85 million and a notable 1-year high of $29.11.
• Kimball Electronics reported a $0.34 earnings per share (EPS) for the latest quarter, surpassing analysts' expectations and indicating strong performance in revenue.

Kimball Electronics (NASDAQ:KE - Get Free Report) was upgraded by analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued on Monday.

A number of other equities analysts also recently commented on KE. B. Riley reiterated a "buy" rating on shares of Kimball Electronics in a report on Thursday, August 14th. Lake Street Capital boosted their target price on shares of Kimball Electronics from $21.00 to $28.00 and gave the stock a "buy" rating in a report on Friday, August 15th. Finally, Zacks Research upgraded shares of Kimball Electronics from a "hold" rating to a "strong-buy" rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $28.00.

Kimball Electronics Stock Performance

KE stock opened at $28.87 on Monday. The company has a market capitalization of $703.85 million, a P/E ratio of 43.09 and a beta of 1.28. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.20 and a quick ratio of 1.34. The business has a 50-day moving average price of $21.44 and a 200 day moving average price of $18.32. Kimball Electronics has a 1-year low of $12.41 and a 1-year high of $29.11.

Kimball Electronics (NASDAQ:KE - Get Free Report) last announced its earnings results on Wednesday, August 13th. The electronics maker reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.14. The business had revenue of $380.47 million during the quarter, compared to the consensus estimate of $333.19 million. Kimball Electronics had a net margin of 1.14% and a return on equity of 5.11%. Kimball Electronics has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Kimball Electronics will post 0.89 EPS for the current fiscal year.

Institutional Investors Weigh In On Kimball Electronics

A number of large investors have recently modified their holdings of KE. Raymond James Financial Inc. purchased a new stake in shares of Kimball Electronics during the fourth quarter worth about $397,000. MetLife Investment Management LLC grew its stake in shares of Kimball Electronics by 18.8% during the fourth quarter. MetLife Investment Management LLC now owns 16,286 shares of the electronics maker's stock worth $305,000 after acquiring an additional 2,580 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Kimball Electronics by 5.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,539 shares of the electronics maker's stock worth $685,000 after acquiring an additional 1,958 shares during the last quarter. Aquatic Capital Management LLC grew its stake in shares of Kimball Electronics by 211.6% during the fourth quarter. Aquatic Capital Management LLC now owns 8,726 shares of the electronics maker's stock worth $163,000 after acquiring an additional 5,926 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Kimball Electronics by 17.9% during the fourth quarter. Northern Trust Corp now owns 286,411 shares of the electronics maker's stock worth $5,364,000 after acquiring an additional 43,403 shares during the last quarter. 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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