Roth Capital Begins Coverage on Kimball Electronics (NASDAQ:KE)

Stock analysts at Roth Capital started coverage on shares of Kimball Electronics (NASDAQ:KE) in a research report issued on Thursday, Marketbeat reports. The brokerage set a “buy” rating and a $37.00 price target on the electronics maker’s stock. Roth Capital‘s price objective would indicate a potential upside of 89.45% from the company’s previous close.

KE has been the topic of a number of other reports. Zacks Research lowered shares of Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 19th. Weiss Ratings restated a “hold (c)” rating on shares of Kimball Electronics in a research report on Monday, November 2nd. Finally, Cantor Fitzgerald dropped coverage on shares of Kimball Electronics in a research report on Monday, October 12th. They set an “overweight” rating for the company. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $37.00.

Kimball Electronics Price Performance

Shares of NASDAQ KE opened at $19.53 on Thursday. The stock has a 50 day moving average of $25.76 and a two-hundred day moving average of $25.41. Kimball Electronics has a twelve month low of $19.10 and a twelve month high of $32.00. The stock has a market cap of $468.33 million, a P/E ratio of 26.64 and a beta of 1.23. The company has a current ratio of 1.90, a quick ratio of 1.12 and a debt-to-equity ratio of 0.34.

Kimball Electronics (NASDAQ:KE) last issued its quarterly earnings data on Wednesday, November 4th. The electronics maker reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.15). Kimball Electronics had a return on equity of 3.09% and a net margin of 1.41%. The business had revenue of $390.80 million for the quarter, compared to analysts’ expectations of $387.20 million. On average, research analysts forecast that Kimball Electronics will post 1.32 earnings per share for the current year.

Institutional Investors Weigh In On Kimball Electronics

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of Kimball Electronics during the 2nd quarter worth $62,468,000. Bank of America Corp DE purchased a new position in shares of Kimball Electronics in the 2nd quarter valued at about $30,505,000. Oxford Financial Group LTD. LLC purchased a new position in shares of Kimball Electronics in the 2nd quarter valued at about $7,314,000. Empowered Funds LLC lifted its stake in shares of Kimball Electronics by 82.7% in the first quarter. Empowered Funds LLC now owns 215,283 shares of the electronics maker’s stock valued at $5,100,000 after purchasing an additional 97,459 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in shares of Kimball Electronics by 7.9% in the second quarter. NewEdge Advisors LLC now owns 201,940 shares of the electronics maker’s stock valued at $5,170,000 after purchasing an additional 14,754 shares during the period. 75.99% of the stock is currently owned by hedge funds and other institutional investors.

Kimball Electronics Company Profile

Kimball Electronics, Inc. is a contract manufacturer that provides engineering, supply chain, and manufacturing services for electronic and other products. Its work includes product design and development, assembly, testing, and related support services. The company serves customers in markets including medical, automotive, industrial, and public safety. Its services help customers bring products to market and manage production across their life cycles. Kimball Electronics traces its roots to electronics manufacturing operations established by Kimball International in 1961 and became an independent publicly traded company in 2014.