Kimball Electronics (NASDAQ:KE) Stock Keeps Overweight Rating at Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of Kimball Electronics (NASDAQ:KE) in a report released on Monday,Benzinga reports.

Several other equities research analysts have also weighed in on KE. Weiss Ratings reissued a “hold (c)” rating on shares of Kimball Electronics in a report on Tuesday, August 4th. Zacks Research upgraded Kimball Electronics from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. Wall Street Zen cut Kimball Electronics from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Finally, KeyCorp initiated coverage on shares of Kimball Electronics in a research note on Thursday, July 2nd. They issued a “sector weight” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Kimball Electronics currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

Kimball Electronics Stock Performance

KE opened at $27.99 on Monday. The stock has a market cap of $671.48 million, a PE ratio of 24.77, a P/E/G ratio of 1.13 and a beta of 1.24. The company has a current ratio of 2.09, a quick ratio of 1.27 and a debt-to-equity ratio of 0.18. Kimball Electronics has a 1 year low of $21.01 and a 1 year high of $32.00. The stock’s 50 day simple moving average is $25.78 and its 200-day simple moving average is $25.47.

Kimball Electronics (NASDAQ:KE) last issued its earnings results on Wednesday, August 12th. The electronics maker reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.39 by ($0.40). Kimball Electronics had a return on equity of 4.41% and a net margin of 1.95%. The firm had revenue of $371.57 million during the quarter, compared to the consensus estimate of $373.63 million. Sell-side analysts forecast that Kimball Electronics will post 1.27 EPS for the current year.

Institutional Trading of Kimball Electronics

Several hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp bought a new position in shares of Kimball Electronics in the second quarter valued at approximately $2,389,000. Empowered Funds LLC bought a new stake in Kimball Electronics during the 2nd quarter worth approximately $3,571,000. Bank of America Corp DE bought a new stake in Kimball Electronics during the 2nd quarter worth approximately $30,505,000. NewEdge Advisors LLC grew its position in Kimball Electronics by 74.6% during the 1st quarter. NewEdge Advisors LLC now owns 187,186 shares of the electronics maker’s stock worth $4,434,000 after acquiring an additional 80,000 shares during the last quarter. Finally, Oxford Financial Group LTD. LLC acquired a new stake in Kimball Electronics during the 2nd quarter valued at $7,314,000. Institutional investors and hedge funds own 75.99% of the company’s stock.

Kimball Electronics Company Profile

Kimball Electronics, Inc is a contract manufacturer that provides electronic manufacturing services, engineering support and supply-chain solutions for original equipment manufacturers. The company helps customers design, build, test and manage products ranging from circuit-board assemblies to complete, integrated systems.

Kimball Electronics serves a diverse group of markets, including automotive, medical, industrial and public safety applications. Its capabilities include printed circuit board assembly, box-build and system integration, prototyping, product testing, tooling, automation and other manufacturing services.