Analysts Set Kimball Electronics, Inc. (NASDAQ:KE) Price Target at $32.00

Shares of Kimball Electronics, Inc. (NASDAQ:KE) have received a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $32.00.

Several equities research analysts recently commented on the stock. KeyCorp assumed coverage on shares of Kimball Electronics in a research note on Thursday, July 2nd. They set a “sector weight” rating on the stock. Zacks Research raised shares of Kimball Electronics from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. Weiss Ratings upgraded shares of Kimball Electronics from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, May 7th. Finally, Wall Street Zen cut Kimball Electronics from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th.

Kimball Electronics Price Performance

Shares of KE stock opened at $24.73 on Monday. The stock has a market cap of $594.76 million, a price-to-earnings ratio of 23.78, a PEG ratio of 1.10 and a beta of 1.23. The business’s fifty day moving average is $25.13 and its 200 day moving average is $25.68. Kimball Electronics has a twelve month low of $18.04 and a twelve month high of $33.19. The company has a quick ratio of 1.29, a current ratio of 2.11 and a debt-to-equity ratio of 0.22.

Kimball Electronics (NASDAQ:KE) last announced its quarterly earnings data on Tuesday, May 5th. The electronics maker reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). Kimball Electronics had a net margin of 1.81% and a return on equity of 6.22%. The firm had revenue of $352.92 million for the quarter, compared to analysts’ expectations of $356.27 million. Research analysts expect that Kimball Electronics will post 1.27 EPS for the current fiscal year.

Institutional Trading of Kimball Electronics

Institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in shares of Kimball Electronics by 806.4% during the third quarter. JPMorgan Chase & Co. now owns 112,710 shares of the electronics maker’s stock valued at $3,366,000 after buying an additional 100,275 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Kimball Electronics by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 1,995,742 shares of the electronics maker’s stock worth $55,522,000 after purchasing an additional 48,456 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Kimball Electronics by 82.7% during the first quarter. Empowered Funds LLC now owns 215,283 shares of the electronics maker’s stock valued at $5,100,000 after purchasing an additional 97,459 shares in the last quarter. Inspire Investing LLC boosted its position in shares of Kimball Electronics by 459.4% during the first quarter. Inspire Investing LLC now owns 92,989 shares of the electronics maker’s stock valued at $2,203,000 after buying an additional 76,367 shares during the last quarter. Finally, Ellsworth Advisors LLC bought a new stake in Kimball Electronics in the 4th quarter worth about $581,000. 75.99% of the stock is currently owned by institutional investors.

Kimball Electronics Company Profile

Kimball Electronics, Inc is a global electronic manufacturing services (EMS) provider headquartered in Jasper, Tennessee. The company offers end-to-end product design and manufacturing solutions, serving original equipment manufacturers (OEMs) across a range of industries. With a focus on precision electronics and complex assemblies, Kimball Electronics leverages advanced engineering capabilities, quality systems and lean production methods to support customers from product concept through full-scale production.

The company’s core offerings include printed circuit board assembly (PCBA), system integration, tooling and test fixture development, and aftermarket services.