Lake Street Capital Lowers Kimball Electronics (NASDAQ:KE) Price Target to $21.00

Kimball Electronics (NASDAQ:KE) had its target price cut by equities research analysts at Lake Street Capital from $23.00 to $21.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the electronics maker’s stock. Lake Street Capital’s price objective points to a potential upside of 24.85% from the stock’s current price.

Kimball Electronics Trading Down 3.4 %

Shares of NASDAQ KE opened at $16.82 on Thursday. The company has a current ratio of 2.28, a quick ratio of 1.30 and a debt-to-equity ratio of 0.37. Kimball Electronics has a one year low of $16.64 and a one year high of $24.45. The business has a 50-day moving average price of $18.77 and a two-hundred day moving average price of $18.95. The firm has a market capitalization of $415.12 million, a PE ratio of 32.98 and a beta of 1.24.

Kimball Electronics (NASDAQ:KE) last posted 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 0.78% and a return on equity of 5.63%. As a group, analysts predict that Kimball Electronics will post 1.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kimball Electronics

A number of hedge funds and other institutional investors have recently made changes to their positions in KE. Point72 DIFC Ltd acquired a new position in Kimball Electronics in the third quarter worth approximately $25,000. nVerses Capital LLC bought a new stake in Kimball Electronics in the third quarter worth approximately $48,000. Quest Partners LLC bought a new position in shares of Kimball Electronics during the 3rd quarter valued at $61,000. SG Americas Securities LLC lifted its stake in shares of Kimball Electronics by 78.5% in the 3rd 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 last quarter. Finally, Quantbot Technologies LP boosted its holdings in Kimball Electronics by 995.9% in the third 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 in the last quarter. 75.99% of the stock is owned by hedge funds and other 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.