Kimball Electronics, Inc. (NASDAQ:KE) Stock Has Average Target Price of $32.00 According to Brokerages

Kimball Electronics, Inc. (NASDAQ:KE) has received a consensus rating of “Moderate Buy” from the five analysts that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $32.00.

Several brokerages have recently weighed in on KE. Weiss Ratings reiterated a “hold (c)” rating on shares of Kimball Electronics in a research note on Tuesday, August 4th. Zacks Research upgraded Kimball Electronics from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Wall Street Zen downgraded Kimball Electronics from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Kimball Electronics in a research note on Monday. Finally, KeyCorp started coverage on Kimball Electronics in a research report on Thursday, July 2nd. They set a “sector weight” rating for the company.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in KE. GAMMA Investing LLC raised its position in Kimball Electronics by 36.0% in the third quarter. GAMMA Investing LLC now owns 1,707 shares of the electronics maker’s stock worth $47,000 after acquiring an additional 452 shares in the last quarter. IFP Advisors Inc lifted its holdings in Kimball Electronics by 7.6% in the second quarter. IFP Advisors Inc now owns 8,422 shares of the electronics maker’s stock valued at $216,000 after acquiring an additional 592 shares during the period. Quantinno Capital Management LP boosted its position in shares of Kimball Electronics by 2.4% during the 1st quarter. Quantinno Capital Management LP now owns 31,578 shares of the electronics maker’s stock worth $748,000 after purchasing an additional 734 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Kimball Electronics by 6.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 13,246 shares of the electronics maker’s stock worth $314,000 after purchasing an additional 839 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Kimball Electronics during the 2nd quarter worth $29,000. 75.99% of the stock is currently owned by institutional investors and hedge funds.

Kimball Electronics Stock Down 3.8%

KE stock opened at $27.23 on Monday. The company has a fifty day moving average price of $25.81 and a 200 day moving average price of $25.51. Kimball Electronics has a 12 month low of $21.01 and a 12 month high of $32.00. The company has a market cap of $653.25 million, a price-to-earnings ratio of 27.75, a price-to-earnings-growth ratio of 1.12 and a beta of 1.24. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.09 and a quick ratio of 1.27.

Kimball Electronics (NASDAQ:KE) last issued its quarterly earnings data on Wednesday, August 12th. The electronics maker reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.40). The business had revenue of $371.57 million for the quarter, compared to analysts’ expectations of $373.63 million. Kimball Electronics had a return on equity of 4.41% and a net margin of 1.95%. Sell-side analysts expect that Kimball Electronics will post 1.27 earnings per share for the current year.

About Kimball Electronics

Kimball Electronics, Inc is a contract manufacturer that provides electronic manufacturing services, engineering support and supply-chain solutions for original equipment manufacturers. The company helps customers design, build, test and manage products ranging from circuit-board assemblies to complete, integrated systems.

Kimball Electronics serves a diverse group of markets, including automotive, medical, industrial and public safety applications. Its capabilities include printed circuit board assembly, box-build and system integration, prototyping, product testing, tooling, automation and other manufacturing services.