Kimball Electronics (NASDAQ:KE) Upgraded to Strong-Buy at Zacks Research

Kimball Electronics (NASDAQ:KE) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

A number of other equities analysts also recently issued reports on the company. KeyCorp assumed coverage on Kimball Electronics in a research report on Thursday, July 2nd. They set a “sector weight” rating on the stock. Wall Street Zen downgraded shares of Kimball Electronics from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings upgraded Kimball Electronics from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $32.00.

Kimball Electronics Price Performance

KE opened at $24.63 on Monday. The company has a quick ratio of 1.29, a current ratio of 2.11 and a debt-to-equity ratio of 0.22. The business has a fifty day moving average of $25.44 and a 200 day moving average of $26.19. Kimball Electronics has a 52-week low of $18.04 and a 52-week high of $33.19. The stock has a market cap of $592.35 million, a P/E ratio of 23.68, a PEG ratio of 1.07 and a beta of 1.22.

Kimball Electronics (NASDAQ:KE) last issued its earnings results on Tuesday, May 5th. The electronics maker reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). Kimball Electronics had a return on equity of 6.22% and a net margin of 1.81%.The company had revenue of $352.92 million for the quarter, compared to analysts’ expectations of $356.27 million. As a group, sell-side analysts anticipate that Kimball Electronics will post 1.29 EPS for the current year.

Hedge Funds Weigh In On Kimball Electronics

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP acquired a new stake in Kimball Electronics during the 3rd quarter valued at approximately $28,000. Raymond James Financial Inc. acquired a new stake in Kimball Electronics during the 2nd quarter worth about $34,000. Farther Finance Advisors LLC purchased a new position in shares of Kimball Electronics during the 4th quarter valued at about $35,000. CWM LLC lifted its holdings in shares of Kimball Electronics by 135.2% in the 4th quarter. CWM LLC now owns 1,244 shares of the electronics maker’s stock valued at $35,000 after buying an additional 715 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in shares of Kimball Electronics in the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 75.99% of the company’s stock.

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.