Kimball Electronics, Inc. (NASDAQ:KE) Receives $23.25 Average Price Target from Brokerages

Shares of Kimball Electronics, Inc. (NASDAQ:KE) have received an average rating of “Moderate Buy” from the five research firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $23.25.

KE has been the subject of a number of research reports. EF Hutton Acquisition Co. I downgraded shares of Kimball Electronics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 14th. Sidoti cut shares of Kimball Electronics from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a research note on Thursday, August 15th. B. Riley lowered their price target on Kimball Electronics from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Lake Street Capital cut their price target on Kimball Electronics from $25.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Finally, Cantor Fitzgerald decreased their price objective on Kimball Electronics from $28.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, August 16th.

Institutional Trading of Kimball Electronics

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Kimball Electronics by 45.9% in the first quarter. Vanguard Group Inc. now owns 1,808,516 shares of the electronics maker’s stock valued at $39,154,000 after acquiring an additional 569,015 shares during the last quarter. Oxford Financial Group LTD. LLC boosted its stake in shares of Kimball Electronics by 35.4% in the 4th quarter. Oxford Financial Group LTD. LLC now owns 463,536 shares of the electronics maker’s stock valued at $12,492,000 after purchasing an additional 121,076 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its position in shares of Kimball Electronics by 5.5% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 368,343 shares of the electronics maker’s stock worth $9,927,000 after buying an additional 19,234 shares during the period. Wells Fargo & Company MN raised its stake in shares of Kimball Electronics by 0.9% during the fourth quarter. Wells Fargo & Company MN now owns 352,951 shares of the electronics maker’s stock worth $9,512,000 after buying an additional 3,237 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Kimball Electronics by 80.9% in the second quarter. Assenagon Asset Management S.A. now owns 273,636 shares of the electronics maker’s stock valued at $6,015,000 after buying an additional 122,336 shares during the period. 75.99% of the stock is owned by institutional investors.

Kimball Electronics Stock Up 4.3 %

KE opened at $18.12 on Tuesday. Kimball Electronics has a twelve month low of $17.09 and a twelve month high of $28.64. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.36 and a current ratio of 2.26. The business has a 50 day moving average price of $20.29 and a 200 day moving average price of $21.18. The firm has a market cap of $448.11 million, a P/E ratio of 14.16 and a beta of 1.26.

Kimball Electronics (NASDAQ:KE) last announced its earnings results on Tuesday, August 13th. The electronics maker reported $0.33 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.08). Kimball Electronics had a return on equity of 6.65% and a net margin of 1.20%. The firm had revenue of $430.16 million during the quarter, compared to the consensus estimate of $429.00 million. During the same quarter last year, the business earned $0.76 EPS. Research analysts forecast that Kimball Electronics will post 1.17 EPS for the current year.

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, industrial, and public safety end markets. It provides electronics manufacturing services, including engineering and supply chain support, to customers in the automotive, medical, and industrial end market verticals.