Kimball Electronics, Inc. (NASDAQ:KE) Receives $22.75 Average PT from Brokerages

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

KE has been the subject of a number of recent research reports. Lake Street Capital reduced their price objective on shares of Kimball Electronics from $23.00 to $21.00 and set a "buy" rating for the company in a research note on Thursday. StockNews.com raised Kimball Electronics from a "hold" rating to a "buy" rating in a research report on Thursday.

Kimball Electronics Trading Down 1.6 %

Shares of NASDAQ KE traded down $0.27 during midday trading on Thursday, reaching $16.55. 132,884 shares of the stock were exchanged, compared to its average volume of 116,163. Kimball Electronics has a 12 month low of $16.54 and a 12 month high of $24.45. The company has a market capitalization of $408.45 million, a price-to-earnings ratio of 51.72 and a beta of 1.24. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.28 and a quick ratio of 1.30. The business has a 50-day simple moving average of $18.71 and a two-hundred day simple moving average of $18.84.

Kimball Electronics (NASDAQ:KE - Get Free Report) last announced its 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 5.47%. As a group, equities research analysts expect that Kimball Electronics will post 1.02 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Point72 DIFC Ltd acquired a new stake in Kimball Electronics during the 3rd quarter worth approximately $25,000. nVerses Capital LLC acquired a new position in shares of Kimball Electronics during the third quarter worth $48,000. Quest Partners LLC bought a new stake in shares of Kimball Electronics in the third quarter worth $61,000. SG Americas Securities LLC increased its holdings in Kimball Electronics by 78.5% in the third quarter. SG Americas Securities LLC now owns 8,755 shares of the electronics maker's stock valued at $162,000 after purchasing an additional 3,849 shares during the period. Finally, Quantbot Technologies LP raised its position in Kimball Electronics by 995.9% during the 3rd quarter. Quantbot Technologies LP now owns 9,019 shares of the electronics maker's stock worth $167,000 after purchasing an additional 8,196 shares during the last quarter. 75.99% of the stock is currently owned by institutional investors and hedge funds.

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.