Analysts Set Kimball Electronics, Inc. (NASDAQ:KE) Target Price at $22.75

Kimball Electronics, Inc. (NASDAQ:KE) has received a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the stock, MarketBeat 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 target among brokerages that have covered the stock in the last year is $22.75.

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

Kimball Electronics Stock Performance

NASDAQ:KE opened at $19.15 on Wednesday. Kimball Electronics has a 1 year low of $12.41 and a 1 year high of $24.45. The firm’s fifty day simple moving average is $16.60 and its 200 day simple moving average is $17.32. The company has a current ratio of 2.14, a quick ratio of 1.24 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $466.88 million, a PE ratio of 26.97 and a beta of 1.19.

Kimball Electronics (NASDAQ:KE) last posted its quarterly earnings results on Tuesday, May 6th. The electronics maker reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.01. The company had revenue of $374.61 million for the quarter, compared to analyst estimates of $338.08 million. Kimball Electronics had a net margin of 1.17% and a return on equity of 5.17%. On average, sell-side analysts anticipate that Kimball Electronics will post 0.89 EPS for the current year.

Institutional Investors Weigh In On Kimball Electronics

A number of institutional investors and hedge funds have recently modified their holdings of the business. Strs Ohio bought a new stake in shares of Kimball Electronics during the first quarter worth approximately $507,000. Acadian Asset Management LLC acquired a new position in Kimball Electronics during the first quarter valued at approximately $866,000. Jane Street Group LLC acquired a new position in Kimball Electronics during the first quarter valued at approximately $411,000. Empowered Funds LLC grew its holdings in Kimball Electronics by 8.3% during the first quarter. Empowered Funds LLC now owns 88,650 shares of the electronics maker’s stock valued at $1,458,000 after purchasing an additional 6,803 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Kimball Electronics by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,687 shares of the electronics maker’s stock valued at $242,000 after purchasing an additional 624 shares during the period. 75.99% of the stock is 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, 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.