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

Kimball Electronics, Inc. (NASDAQ:KE) has been assigned an average rating 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 recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $22.75.

Several brokerages recently issued reports on KE. StockNews.com upgraded Kimball Electronics from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Lake Street Capital dropped their target price on Kimball Electronics from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, February 6th.

Kimball Electronics Stock Performance

Shares of KE stock opened at $16.56 on Monday. Kimball Electronics has a 1 year low of $16.10 and a 1 year high of $24.45. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.29 and a current ratio of 2.28. The firm has a market cap of $406.63 million, a price-to-earnings ratio of 51.75 and a beta of 1.24. The stock’s 50-day moving average is $18.15 and its two-hundred day moving average is $18.39.

Kimball Electronics (NASDAQ:KE) last released 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 return on equity of 5.48% and a net margin of 0.51%. Analysts predict that Kimball Electronics will post 0.89 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Creative Planning purchased a new stake in Kimball Electronics during the 3rd quarter worth about $219,000. US Bancorp DE boosted its stake in shares of Kimball Electronics by 230.0% during the 3rd quarter. US Bancorp DE now owns 64,340 shares of the electronics maker’s stock worth $1,191,000 after purchasing an additional 44,843 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Kimball Electronics by 3.5% during the third quarter. Victory Capital Management Inc. now owns 63,129 shares of the electronics maker’s stock worth $1,169,000 after buying an additional 2,145 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Kimball Electronics by 5.2% during the third quarter. Empowered Funds LLC now owns 77,908 shares of the electronics maker’s stock valued at $1,442,000 after buying an additional 3,886 shares during the period. Finally, Quest Partners LLC acquired a new stake in Kimball Electronics during the third quarter worth approximately $61,000. 75.99% of the stock is owned by hedge funds and other institutional investors.

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.