Brokerages Set Kimball Electronics, Inc. (NASDAQ:KE) Price Target at $23.25

Kimball Electronics, Inc. (NASDAQ:KE) has been given an average rating of “Moderate Buy” by the five research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $23.25.

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

Kimball Electronics Trading Up 4.3 %

NASDAQ KE opened at $18.12 on Tuesday. The company has a current ratio of 2.26, a quick ratio of 1.36 and a debt-to-equity ratio of 0.43. Kimball Electronics has a 12 month low of $17.09 and a 12 month high of $28.64. The company has a market capitalization of $448.11 million, a PE ratio of 14.16 and a beta of 1.26. The stock has a 50-day simple moving average of $20.29 and a 200 day simple moving average of $21.18.

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

Institutional Trading of Kimball Electronics

A number of institutional investors have recently modified their holdings of KE. The Manufacturers Life Insurance Company bought a new stake in shares of Kimball Electronics in the second quarter worth $217,000. AQR Capital Management LLC increased its stake in Kimball Electronics by 66.1% in the 2nd quarter. AQR Capital Management LLC now owns 235,844 shares of the electronics maker’s stock valued at $5,184,000 after buying an additional 93,831 shares during the last quarter. Squarepoint Ops LLC bought a new stake in Kimball Electronics during the 2nd quarter worth about $237,000. Gabelli Funds LLC boosted its stake in shares of Kimball Electronics by 4.6% during the 2nd quarter. Gabelli Funds LLC now owns 32,544 shares of the electronics maker’s stock worth $715,000 after buying an additional 1,428 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Kimball Electronics by 12.0% in the 2nd quarter. Sei Investments Co. now owns 61,653 shares of the electronics maker’s stock valued at $1,355,000 after acquiring an additional 6,603 shares in the last quarter. 75.99% of the stock is currently owned by institutional investors.

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, 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.