Wall Street Zen Upgrades Kimball Electronics (NASDAQ:KE) to Buy

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 decreased their price objective on shares of Kimball Electronics from $23.00 to $21.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Two investment 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, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.75.

Kimball Electronics Price Performance

Shares of Kimball Electronics stock traded up $1.03 during mid-day trading on Friday, reaching $18.53. 192,234 shares of the stock were exchanged, compared to its average volume of 127,364. The company has a market cap of $451.76 million, a price-to-earnings ratio of 57.91 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. The firm has a 50-day simple moving average of $15.59 and a 200 day simple moving average of $17.41. Kimball Electronics has a fifty-two week low of $12.41 and a fifty-two week high of $24.45.

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, topping analysts' consensus estimates of $0.26 by $0.01. The business had revenue of $374.61 million during the quarter, compared to analysts' expectations of $338.08 million. Kimball Electronics had a net margin of 0.51% and a return on equity of 5.48%. On average, sell-side analysts predict that Kimball Electronics will post 0.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Kimball Electronics by 4.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,063 shares of the electronics maker's stock valued at $263,000 after purchasing an additional 608 shares during the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of Kimball Electronics by 2.2% in the 1st quarter. SummerHaven Investment Management LLC now owns 36,888 shares of the electronics maker's stock valued at $607,000 after purchasing an additional 791 shares during the last quarter. ExodusPoint Capital Management LP boosted its stake in shares of Kimball Electronics by 4.3% in the 4th quarter. ExodusPoint Capital Management LP now owns 23,786 shares of the electronics maker's stock valued at $446,000 after purchasing an additional 979 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Kimball Electronics by 3.7% during the 4th quarter. BNP Paribas Financial Markets now owns 28,937 shares of the electronics maker's stock worth $542,000 after acquiring an additional 1,039 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC boosted its stake in Kimball Electronics by 8.2% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 20,006 shares of the electronics maker's stock worth $375,000 after acquiring an additional 1,516 shares during the last quarter. 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.