Kimball Electronics, Inc. (NASDAQ:KE) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Kimball Electronics, Inc. (NASDAQ:KE - Get Free Report) have earned an average rating of "Moderate Buy" from the five analysts that are 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 twelve-month price target among analysts that have covered the stock in the last year is $22.75.

Several equities research analysts have recently issued reports on KE shares. StockNews.com raised Kimball Electronics from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Lake Street Capital lowered their price target on Kimball Electronics from $23.00 to $21.00 and set a "buy" rating for the company in a research report on Thursday, February 6th.

Kimball Electronics Price Performance

KE traded down $0.30 during trading hours on Friday, hitting $16.15. The company's stock had a trading volume of 4,480 shares, compared to its average volume of 128,739. The stock has a market cap of $396.56 million, a price-to-earnings ratio of 50.47 and a beta of 1.21. The business's 50-day moving average price is $17.45 and its 200-day moving average price is $18.25. The company has a current ratio of 2.28, a quick ratio of 1.29 and a debt-to-equity ratio of 0.33. Kimball Electronics has a 12 month low of $15.94 and a 12 month high of $24.45.

Remove Ads

Kimball Electronics (NASDAQ:KE - Get Free Report) last posted its earnings results on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.05. Kimball Electronics had a net margin of 0.51% and a return on equity of 5.48%. Sell-side analysts expect that Kimball Electronics will post 0.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kimball Electronics

Several hedge funds have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Kimball Electronics by 0.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 95,526 shares of the electronics maker's stock worth $1,768,000 after purchasing an additional 556 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Kimball Electronics by 4.5% during 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 buying an additional 608 shares in the last quarter. ExodusPoint Capital Management LP boosted its position in 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 buying an additional 979 shares during the period. BNP Paribas Financial Markets grew its stake in Kimball Electronics by 3.7% in 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 in the last quarter. Finally, Point72 DIFC Ltd purchased a new position in shares of Kimball Electronics during the third quarter worth approximately $25,000. Institutional investors own 75.99% of the company's stock.

About Kimball Electronics

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.