Brokerages Set Kimball Electronics, Inc. (NASDAQ:KE) PT at $22.75

Shares of Kimball Electronics, Inc. (NASDAQ:KE) have been assigned an average recommendation of “Moderate Buy” from the five research firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $22.75.

Several analysts have recently weighed in 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 dropped their price target on Kimball Electronics from $23.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, February 6th.

Kimball Electronics Trading Down 1.8 %

KE stock opened at $16.55 on Friday. Kimball Electronics has a 1-year low of $15.94 and a 1-year high of $24.45. The company has a current ratio of 2.28, a quick ratio of 1.29 and a debt-to-equity ratio of 0.33. The business’s 50 day moving average is $17.51 and its 200-day moving average is $18.25. The firm has a market cap of $406.39 million, a P/E ratio of 51.72 and a beta of 1.21.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Kimball Electronics by 4.5% in 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 acquiring an additional 608 shares during the last quarter. ExodusPoint Capital Management LP raised its position in shares of 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 acquiring an additional 979 shares during the period. BNP Paribas Financial Markets boosted its stake in Kimball Electronics by 3.7% during 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 during the last quarter. Finally, Point72 DIFC Ltd acquired a new position in Kimball Electronics during the third quarter valued at approximately $25,000. Institutional investors and hedge funds 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.