Lake Street Capital Trims Kimball Electronics (NASDAQ:KE) Target Price to $23.00

Kimball Electronics (NASDAQ:KE) had its price objective decreased by stock analysts at Lake Street Capital from $25.00 to $23.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the electronics maker’s stock. Lake Street Capital’s target price would indicate a potential upside of 25.07% from the company’s previous close.

Separately, Sidoti lowered shares of Kimball Electronics from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $24.75.

Kimball Electronics Stock Up 0.6 %

KE stock opened at $18.39 on Thursday. The company’s 50 day moving average price is $21.98 and its 200 day moving average price is $21.83. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.12 and a current ratio of 2.03. Kimball Electronics has a fifty-two week low of $17.29 and a fifty-two week high of $31.43. The firm has a market capitalization of $457.34 million, a price-to-earnings ratio of 14.37 and a beta of 1.30.

Institutional Investors Weigh In On Kimball Electronics

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Kimball Electronics by 45.9% during the first quarter. Vanguard Group Inc. now owns 1,808,516 shares of the electronics maker’s stock worth $39,154,000 after purchasing an additional 569,015 shares during the period. Oxford Financial Group LTD. LLC raised its holdings in Kimball Electronics by 35.4% during the fourth quarter. Oxford Financial Group LTD. LLC now owns 463,536 shares of the electronics maker’s stock worth $12,492,000 after purchasing an additional 121,076 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Kimball Electronics by 272.5% in the fourth quarter. Larson Financial Group LLC now owns 404,571 shares of the electronics maker’s stock valued at $10,903,000 after acquiring an additional 295,951 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in shares of Kimball Electronics by 5.5% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 368,343 shares of the electronics maker’s stock valued at $9,927,000 after acquiring an additional 19,234 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in Kimball Electronics by 0.9% during the 4th quarter. Wells Fargo & Company MN now owns 352,951 shares of the electronics maker’s stock worth $9,512,000 after purchasing an additional 3,237 shares in the last quarter. 75.99% of the stock is owned by institutional investors and hedge funds.

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, industrial, and public safety end markets. It provides electronics manufacturing services, including engineering and supply chain support, to customers in the automotive, medical, and industrial end market verticals.