Kimball Electronics, Inc. (NASDAQ:KE) Receives $22.75 Consensus Price Target from Brokerages

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

Several equities research analysts recently issued reports on KE shares. StockNews.com raised shares of Kimball Electronics from a “hold” rating to a “buy” rating in a research report on Friday, May 16th. Lake Street Capital cut 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.

Kimball Electronics Stock Down 2.0%

Shares of NASDAQ KE opened at $17.52 on Friday. The firm has a market cap of $427.14 million, a P/E ratio of 54.75 and a beta of 1.11. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.29 and a current ratio of 2.28. Kimball Electronics has a 1 year low of $12.41 and a 1 year high of $24.45. The firm’s 50 day moving average price is $15.57 and its 200 day moving average price is $17.50.

Kimball Electronics (NASDAQ:KE) last issued its quarterly earnings results on Tuesday, May 6th. The electronics maker reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. Kimball Electronics had a return on equity of 5.48% and a net margin of 0.51%. The company had revenue of $374.61 million for the quarter, compared to analyst estimates of $338.08 million. As a group, sell-side analysts anticipate 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. JPMorgan Chase & Co. raised its stake in shares of Kimball Electronics by 34.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 46,764 shares of the electronics maker’s stock valued at $866,000 after acquiring an additional 11,935 shares during the period. SG Americas Securities LLC increased its holdings in Kimball Electronics by 28.9% in the 4th quarter. SG Americas Securities LLC now owns 11,283 shares of the electronics maker’s stock valued at $211,000 after purchasing an additional 2,528 shares in the last quarter. Linden Thomas Advisory Services LLC raised its position in Kimball Electronics by 17.6% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 28,992 shares of the electronics maker’s stock valued at $543,000 after purchasing an additional 4,329 shares during the period. Empowered Funds LLC raised its position in Kimball Electronics by 5.1% in the fourth quarter. Empowered Funds LLC now owns 81,847 shares of the electronics maker’s stock valued at $1,533,000 after purchasing an additional 3,939 shares during the period. Finally, Grace & White Inc. NY lifted its stake in shares of Kimball Electronics by 5.5% during the fourth quarter. Grace & White Inc. NY now owns 270,877 shares of the electronics maker’s stock worth $5,074,000 after purchasing an additional 14,100 shares in the last quarter. 75.99% of the stock is owned by institutional investors and hedge funds.

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.