Kimball Electronics (NASDAQ:KE - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.
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 note on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $22.75.
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Kimball Electronics Stock Performance
KE stock traded up $0.34 during trading on Friday, hitting $18.58. The company had a trading volume of 199,444 shares, compared to its average volume of 128,462. The firm has a market cap of $452.98 million, a PE ratio of 58.06 and a beta of 1.11. Kimball Electronics has a 1-year low of $12.41 and a 1-year high of $24.45. The firm has a 50-day moving average price of $15.67 and a 200-day moving average price of $17.40. The company has a quick ratio of 1.29, a current ratio of 2.28 and a debt-to-equity ratio of 0.33.
Kimball Electronics (NASDAQ:KE - Get Free Report) last issued its quarterly 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. The firm had revenue of $374.61 million for the quarter, compared to analysts' expectations of $338.08 million. Kimball Electronics had a return on equity of 5.48% and a net margin of 0.51%. On average, analysts expect that Kimball Electronics will post 0.89 earnings per share for the current year.
Institutional Trading of Kimball Electronics
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Kimball Electronics by 5.0% during the 4th 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 increased its holdings in shares of Kimball Electronics by 10.3% during the 1st 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. increased its holdings in Kimball Electronics by 20.2% in the 1st quarter. American Century Companies Inc. now owns 588,861 shares of the electronics maker's stock valued at $9,687,000 after purchasing an additional 98,965 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its holdings in Kimball Electronics by 14.4% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 357,300 shares of the electronics maker's stock valued at $6,692,000 after purchasing an additional 44,840 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased 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 valued at $5,580,000 after purchasing an additional 105,889 shares in the last quarter. 75.99% of the stock is currently owned by institutional investors and hedge funds.
Kimball Electronics Company Profile
(
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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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