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

Kimball Electronics, Inc. (NASDAQ:KE) has earned a consensus rating of “Moderate Buy” from the five research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $32.00.

Several brokerages have recently issued reports on KE. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kimball Electronics in a research report on Tuesday, August 4th. Zacks Research upgraded shares of Kimball Electronics from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. KeyCorp started coverage on shares of Kimball Electronics in a research report on Thursday, July 2nd. They set a “sector weight” rating for the company. Finally, Wall Street Zen lowered shares of Kimball Electronics from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th.

Kimball Electronics Price Performance

Shares of NASDAQ KE opened at $24.65 on Tuesday. Kimball Electronics has a twelve month low of $21.01 and a twelve month high of $33.12. The stock’s 50 day moving average price is $24.75 and its 200-day moving average price is $24.99. The company has a market capitalization of $590.86 million, a PE ratio of 21.81, a PEG ratio of 1.04 and a beta of 1.20. The company has a quick ratio of 1.27, a current ratio of 2.09 and a debt-to-equity ratio of 0.18.

Kimball Electronics (NASDAQ:KE) last issued its quarterly earnings results on Wednesday, August 12th. The electronics maker reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). Kimball Electronics had a net margin of 1.95% and a return on equity of 4.41%. The business had revenue of $371.57 million for the quarter, compared to analysts’ expectations of $373.63 million. On average, equities analysts anticipate that Kimball Electronics will post 1.18 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in KE. Public Employees Retirement System of Ohio purchased a new stake in Kimball Electronics in the 2nd quarter worth about $29,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Kimball Electronics in the second quarter valued at approximately $50,000. Quantbot Technologies LP bought a new stake in shares of Kimball Electronics in the second quarter valued at approximately $55,000. Parallel Advisors LLC boosted its holdings in Kimball Electronics by 122.8% in the 1st quarter. Parallel Advisors LLC now owns 2,324 shares of the electronics maker’s stock worth $55,000 after buying an additional 1,281 shares during the period. Finally, State of Wyoming purchased a new position in Kimball Electronics in the 2nd quarter valued at approximately $71,000. Hedge funds and other institutional investors own 75.99% of the company’s stock.

About Kimball Electronics

Kimball Electronics, Inc (NASDAQ: KE) is a contract manufacturing services provider that designs and manufactures electronic and electromechanical products for customers in the automotive, medical, and industrial markets. The company supports customers from product development through production, offering engineering, supply chain management, manufacturing, testing, and final assembly services.

Its capabilities include the production of printed circuit board assemblies, electronic modules, cable and wire harnesses, medical devices, automotive components, and industrial control products.