Kimball Electronics, Inc. (NASDAQ:KE) Given Average Rating of “Moderate Buy” by Analysts

Kimball Electronics, Inc. (NASDAQ:KE) has been assigned an average recommendation of “Moderate Buy” from the five analysts that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $22.75.

KE has been the topic of several research reports. Lake Street Capital decreased their price target on shares of Kimball Electronics from $23.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. StockNews.com upgraded shares of Kimball Electronics from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th.

Kimball Electronics Trading Down 1.3 %

Shares of NASDAQ:KE opened at $16.23 on Friday. Kimball Electronics has a 12-month low of $15.94 and a 12-month high of $24.45. The business has a 50 day moving average of $17.39 and a 200-day moving average of $18.23. The company has a quick ratio of 1.29, a current ratio of 2.28 and a debt-to-equity ratio of 0.33. The stock has a market cap of $398.53 million, a PE ratio of 50.72 and a beta of 1.21.

Kimball Electronics (NASDAQ:KE) last released its quarterly earnings results on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts forecast that Kimball Electronics will post 0.89 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KE. Arrowstreet Capital Limited Partnership increased its stake in Kimball Electronics by 239.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 200,362 shares of the electronics maker’s stock valued at $3,753,000 after acquiring an additional 141,411 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Kimball Electronics by 5.0% in the 4th quarter. Vanguard Group Inc. now owns 1,945,556 shares of the electronics maker’s stock valued at $36,440,000 after purchasing an additional 92,166 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Kimball Electronics by 142.1% during the 4th quarter. JPMorgan Chase & Co. now owns 113,208 shares of the electronics maker’s stock worth $2,120,000 after buying an additional 66,444 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of Kimball Electronics during the 4th quarter worth $1,147,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Kimball Electronics in the fourth quarter valued at about $1,135,000. Institutional investors and hedge funds own 75.99% of the company’s stock.

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.