Kimball Electronics, Inc. (NASDAQ:KE) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Kimball Electronics, Inc. (NASDAQ:KE) have received an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the stock, MarketBeat Ratings reports. Two investment 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 updated their coverage on the stock in the last year is $22.75.

A number of research analysts recently weighed in on KE shares. Lake Street Capital decreased their target price on shares of Kimball Electronics from $23.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. StockNews.com upgraded Kimball Electronics from a “hold” rating to a “buy” rating in a report on Thursday, February 6th.

Kimball Electronics Stock Down 1.8 %

KE stock opened at $16.86 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.28 and a quick ratio of 1.29. The stock has a market capitalization of $414.00 million, a P/E ratio of 52.69 and a beta of 1.21. Kimball Electronics has a fifty-two week low of $15.94 and a fifty-two week high of $24.45. The business has a 50-day moving average of $17.56 and a 200-day moving average of $18.25.

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

Institutional Investors Weigh In On Kimball Electronics

Several hedge funds have recently bought and sold shares of KE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Kimball Electronics by 0.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 95,526 shares of the electronics maker’s stock valued at $1,768,000 after purchasing an additional 556 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Kimball Electronics by 4.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,063 shares of the electronics maker’s stock valued at $263,000 after purchasing an additional 608 shares during the period. ExodusPoint Capital Management LP lifted its stake in shares of Kimball Electronics by 4.3% during the 4th quarter. ExodusPoint Capital Management LP now owns 23,786 shares of the electronics maker’s stock worth $446,000 after buying an additional 979 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of 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 buying an additional 1,039 shares during the period. Finally, Point72 DIFC Ltd acquired a new position in Kimball Electronics in the 3rd quarter valued at about $25,000. 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.