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

Kimball Electronics, Inc. (NASDAQ:KE) has earned a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the company, 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 12 month price objective among analysts that have issued a report on the stock in the last year is $22.75.

Several analysts have weighed in on the company. Lake Street Capital dropped their price objective on Kimball Electronics from $23.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, February 6th. StockNews.com raised shares of Kimball Electronics from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th.

Kimball Electronics Price Performance

KE opened at $16.86 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.28 and a quick ratio of 1.29. The stock has a market capitalization of $414.00 million, a P/E ratio of 52.69 and a beta of 1.21. The company’s 50 day simple moving average is $17.56 and its 200-day simple moving average is $18.25. Kimball Electronics has a one year low of $15.94 and a one year high of $24.45.

Kimball Electronics (NASDAQ:KE) last announced its quarterly earnings data on Tuesday, February 4th. The electronics maker reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. Kimball Electronics had a return on equity of 5.48% and a net margin of 0.51%. Sell-side analysts anticipate that Kimball Electronics will post 0.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kimball Electronics

Several large investors have recently bought and sold shares of KE. Vanguard Group Inc. increased its holdings in shares of Kimball Electronics by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 1,945,556 shares of the electronics maker’s stock worth $36,440,000 after acquiring an additional 92,166 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Kimball Electronics by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 577,229 shares of the electronics maker’s stock valued at $10,686,000 after purchasing an additional 4,044 shares during the period. State Street Corp increased its stake in Kimball Electronics by 1.4% during the 3rd quarter. State Street Corp now owns 565,069 shares of the electronics maker’s stock worth $10,459,000 after purchasing an additional 7,864 shares in the last quarter. American Century Companies Inc. raised its holdings in Kimball Electronics by 13.0% during the 4th quarter. American Century Companies Inc. now owns 489,896 shares of the electronics maker’s stock worth $9,176,000 after buying an additional 56,175 shares during the period. Finally, Pacific Ridge Capital Partners LLC lifted its stake in Kimball Electronics by 14.4% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 357,300 shares of the electronics maker’s stock valued at $6,692,000 after buying an additional 44,840 shares in the last quarter. Institutional investors own 75.99% of the company’s stock.

About Kimball Electronics

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.