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

Kimball Electronics, Inc. (NASDAQ:KE - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the five brokerages that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $22.75.

Several analysts have commented on the stock. StockNews.com upgraded shares of Kimball Electronics from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Lake Street Capital decreased their price target on shares of Kimball Electronics from $23.00 to $21.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th.

Kimball Electronics Price Performance

Shares of KE traded down $0.03 during trading hours on Monday, reaching $16.53. 29,972 shares of the stock traded hands, compared to its average volume of 127,861. 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 52-week low of $16.10 and a 52-week high of $24.45. The company's 50-day moving average price is $18.15 and its two-hundred day moving average price is $18.39. The company has a market cap of $405.89 million, a P/E ratio of 52.03 and a beta of 1.24.

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

Institutional Trading of Kimball Electronics

A number of large investors have recently made changes to their positions in KE. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Kimball Electronics during the 4th quarter valued at about $1,135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Kimball Electronics by 17.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 112,200 shares of the electronics maker's stock valued at $2,102,000 after purchasing an additional 16,674 shares during the last quarter. Two Sigma Advisers LP grew its holdings in Kimball Electronics by 116.8% during the 4th quarter. Two Sigma Advisers LP now owns 78,700 shares of the electronics maker's stock valued at $1,474,000 after purchasing an additional 42,400 shares during the last quarter. Two Sigma Investments LP grew its holdings in Kimball Electronics by 37.2% during the 4th quarter. Two Sigma Investments LP now owns 85,364 shares of the electronics maker's stock valued at $1,599,000 after purchasing an additional 23,168 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC grew its holdings in Kimball Electronics by 8.2% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 20,006 shares of the electronics maker's stock valued at $375,000 after purchasing an additional 1,516 shares during the last quarter. 75.99% of the stock is currently owned by institutional investors.

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.