Kimball Electronics (NASDAQ:KE) Upgraded to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Kimball Electronics (NASDAQ:KE) from a buy rating to a strong-buy rating in a research report released on Monday.

A number of other equities research analysts have also weighed in on KE. Lake Street Capital lifted their price objective on Kimball Electronics from $21.00 to $28.00 and gave the company a “buy” rating in a report on Friday, August 15th. Zacks Research raised Kimball Electronics from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 28th. Finally, B. Riley reaffirmed a “buy” rating on shares of Kimball Electronics in a report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. Based on data from MarketBeat, Kimball Electronics has a consensus rating of “Buy” and an average price target of $28.00.

Kimball Electronics Stock Up 0.8%

Shares of Kimball Electronics stock opened at $29.28 on Monday. The company has a market cap of $713.85 million, a P/E ratio of 43.70 and a beta of 1.28. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.24 and a current ratio of 2.20. Kimball Electronics has a one year low of $12.41 and a one year high of $29.29. The firm has a fifty day moving average of $22.03 and a two-hundred day moving average of $18.55.

Kimball Electronics (NASDAQ:KE) last issued its earnings results on Wednesday, August 13th. The electronics maker reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.14. Kimball Electronics had a net margin of 1.14% and a return on equity of 5.11%. The business had revenue of $380.47 million for the quarter, compared to the consensus estimate of $333.19 million. Kimball Electronics has set its FY 2025 guidance at EPS. On average, analysts forecast that Kimball Electronics will post 0.89 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Founders Capital Management acquired a new stake in Kimball Electronics in the 2nd quarter valued at about $29,000. Raymond James Financial Inc. purchased a new stake in shares of Kimball Electronics in the second quarter valued at about $34,000. Tower Research Capital LLC TRC grew its position in shares of Kimball Electronics by 197.2% in the second quarter. Tower Research Capital LLC TRC now owns 2,865 shares of the electronics maker’s stock valued at $55,000 after purchasing an additional 1,901 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Kimball Electronics by 3,256.0% in the first quarter. GAMMA Investing LLC now owns 4,195 shares of the electronics maker’s stock valued at $69,000 after purchasing an additional 4,070 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC increased its stake in shares of Kimball Electronics by 12.1% during the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 7,494 shares of the electronics maker’s stock worth $144,000 after purchasing an additional 806 shares in the last quarter. Institutional investors and hedge funds own 75.99% of the company’s stock.

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.