Kimball Electronics, Inc. (NASDAQ:KE) Receives $22.75 Consensus Target Price from Analysts

Kimball Electronics, Inc. (NASDAQ:KE) has been assigned an average recommendation of “Moderate Buy” from the five analysts that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $22.75.

A number of research analysts have recently commented on KE shares. Lake Street Capital lowered their price objective on Kimball Electronics from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Wall Street Zen raised Kimball Electronics from a “hold” rating to a “buy” rating in a research report on Saturday.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its position in Kimball Electronics by 34.3% during the third quarter. JPMorgan Chase & Co. now owns 46,764 shares of the electronics maker’s stock worth $866,000 after acquiring an additional 11,935 shares during the period. SG Americas Securities LLC increased its holdings in shares of Kimball Electronics by 28.9% during the 4th quarter. SG Americas Securities LLC now owns 11,283 shares of the electronics maker’s stock worth $211,000 after purchasing an additional 2,528 shares during the period. Linden Thomas Advisory Services LLC increased its holdings in shares of Kimball Electronics by 17.6% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 28,992 shares of the electronics maker’s stock worth $543,000 after purchasing an additional 4,329 shares during the period. Empowered Funds LLC raised its position in shares of Kimball Electronics by 5.1% during the fourth quarter. Empowered Funds LLC now owns 81,847 shares of the electronics maker’s stock valued at $1,533,000 after buying an additional 3,939 shares during the last quarter. Finally, Grace & White Inc. NY lifted its stake 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 during the period. 75.99% of the stock is owned by institutional investors.

Kimball Electronics Price Performance

NASDAQ KE opened at $17.50 on Friday. The company has a quick ratio of 1.29, a current ratio of 2.28 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $426.65 million, a PE ratio of 54.69 and a beta of 1.11. Kimball Electronics has a 12-month low of $12.41 and a 12-month high of $24.45. The company has a 50 day moving average price of $15.59 and a two-hundred day moving average price of $17.48.

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

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.