Kimball Electronics, Inc. (NASDAQ:KE) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Kimball Electronics, Inc. (NASDAQ:KE - Get Free Report) has been given an average recommendation of "Moderate Buy" by the five brokerages that are presently covering the firm, Marketbeat Ratings 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 target price among brokers that have covered the stock in the last year is $22.75.

Several analysts have recently commented on the stock. StockNews.com raised shares of Kimball Electronics from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Lake Street Capital lowered their price target 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.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its position in shares of Kimball Electronics by 3,256.0% during the 1st quarter. GAMMA Investing LLC now owns 4,195 shares of the electronics maker's stock worth $69,000 after purchasing an additional 4,070 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Kimball Electronics during the 4th quarter worth about $82,000. Aquatic Capital Management LLC lifted its stake in Kimball Electronics by 211.6% during the fourth quarter. Aquatic Capital Management LLC now owns 8,726 shares of the electronics maker's stock worth $163,000 after purchasing an additional 5,926 shares during the last quarter. Graham Capital Management L.P. purchased a new position in Kimball Electronics in the fourth quarter valued at approximately $201,000. Finally, Point72 Asset Management L.P. increased its stake in Kimball Electronics by 17.0% in the fourth quarter. Point72 Asset Management L.P. now owns 10,889 shares of the electronics maker's stock valued at $204,000 after purchasing an additional 1,584 shares during the last quarter. 75.99% of the stock is currently owned by hedge funds and other institutional investors.

Kimball Electronics Stock Performance

Shares of Kimball Electronics stock traded up $0.24 during midday trading on Tuesday, hitting $14.57. The company had a trading volume of 112,912 shares, compared to its average volume of 121,823. The company has a fifty day simple moving average of $15.73 and a 200 day simple moving average of $17.65. The stock has a market cap of $357.77 million, a price-to-earnings ratio of 45.53 and a beta of 1.18. The company has a quick ratio of 1.29, a current ratio of 2.28 and a debt-to-equity ratio of 0.33. Kimball Electronics has a 12-month low of $12.41 and a 12-month high of $24.45.

Kimball Electronics (NASDAQ:KE - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share (EPS) 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%. As a group, analysts predict that Kimball Electronics will post 0.89 earnings per share for the current fiscal year.

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.