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

Shares of Kimball Electronics, Inc. (NASDAQ:KE) have earned a consensus recommendation of “Moderate Buy” from the five analysts that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $22.75.

Separately, Wall Street Zen upgraded Kimball Electronics from a “hold” rating to a “buy” rating in a research report on Saturday, May 24th.

Institutional Investors Weigh In On Kimball Electronics

Several large investors have recently made changes to their positions in KE. Founders Capital Management acquired a new position in shares of Kimball Electronics during the second quarter valued at approximately $29,000. GAMMA Investing LLC increased its stake in shares of Kimball Electronics by 3,256.0% during the first quarter. GAMMA Investing LLC now owns 4,195 shares of the electronics maker’s stock valued at $69,000 after acquiring an additional 4,070 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Kimball Electronics during the fourth quarter valued at approximately $82,000. Morgan Dempsey Capital Management LLC increased its stake in shares of Kimball Electronics by 12.1% during the second quarter. Morgan Dempsey Capital Management LLC now owns 7,494 shares of the electronics maker’s stock valued at $144,000 after acquiring an additional 806 shares during the period. Finally, Aquatic Capital Management LLC increased its stake in shares of Kimball Electronics by 211.6% during the fourth quarter. Aquatic Capital Management LLC now owns 8,726 shares of the electronics maker’s stock valued at $163,000 after acquiring an additional 5,926 shares during the period. Institutional investors and hedge funds own 75.99% of the company’s stock.

Kimball Electronics Stock Performance

NASDAQ KE opened at $19.08 on Thursday. The company has a quick ratio of 1.24, a current ratio of 2.14 and a debt-to-equity ratio of 0.27. Kimball Electronics has a 52-week low of $12.41 and a 52-week high of $24.30. The business’s 50-day moving average price is $19.07 and its 200 day moving average price is $17.46. The firm has a market cap of $465.17 million, a P/E ratio of 26.87 and a beta of 1.19.

Kimball Electronics (NASDAQ:KE) last announced its quarterly earnings data on Tuesday, May 6th. The electronics maker reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The firm had revenue of $374.61 million during the quarter, compared to the consensus estimate of $338.08 million. Kimball Electronics had a net margin of 1.17% and a return on equity of 5.17%. On average, equities research analysts expect that Kimball Electronics will post 0.89 earnings per share for the current year.

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.