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

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

Separately, Lake Street Capital reduced their price target on Kimball Electronics from $23.00 to $21.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Kimball Electronics currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.75.

Kimball Electronics Stock Down 2.0%

NASDAQ:KE traded down $0.37 during trading hours on Friday, reaching $18.17. 97,824 shares of the stock were exchanged, compared to its average volume of 127,291. The stock has a market cap of $442.86 million, a PE ratio of 56.80 and a beta of 1.11. Kimball Electronics has a twelve month low of $12.41 and a twelve month high of $24.45. The firm has a 50 day moving average of $15.62 and a 200 day moving average of $17.41. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.28 and a quick ratio of 1.29.

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

Hedge Funds Weigh In On Kimball Electronics

Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in Kimball Electronics by 34.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 46,764 shares of the electronics maker's stock worth $866,000 after buying an additional 11,935 shares during the period. SG Americas Securities LLC boosted its holdings in Kimball Electronics by 28.9% in the 4th quarter. SG Americas Securities LLC now owns 11,283 shares of the electronics maker's stock valued at $211,000 after purchasing an additional 2,528 shares during the period. Linden Thomas Advisory Services LLC boosted its holdings in Kimball Electronics by 17.6% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 28,992 shares of the electronics maker's stock valued at $543,000 after purchasing an additional 4,329 shares during the period. Empowered Funds LLC grew its position in shares of Kimball Electronics by 5.1% during the 4th quarter. Empowered Funds LLC now owns 81,847 shares of the electronics maker's stock worth $1,533,000 after purchasing an additional 3,939 shares in the last quarter. Finally, Grace & White Inc. NY raised its position in shares of Kimball Electronics by 5.5% in the fourth quarter. Grace & White Inc. NY now owns 270,877 shares of the electronics maker's stock valued at $5,074,000 after buying an additional 14,100 shares in the last quarter. 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.