Cantor Fitzgerald Trims Kimball Electronics (NASDAQ:KE) Target Price to $22.00

Kimball Electronics (NASDAQ:KE) had its target price trimmed by Cantor Fitzgerald from $28.00 to $22.00 in a research report released on Friday morning, Benzinga reports. The brokerage currently has an overweight rating on the electronics maker’s stock.

Other equities research analysts have also issued reports about the company. EF Hutton Acquisition Co. I lowered Kimball Electronics from a strong-buy rating to a hold rating in a research report on Wednesday, August 14th. Lake Street Capital reduced their target price on shares of Kimball Electronics from $25.00 to $23.00 and set a buy rating on the stock in a research report on Thursday. B. Riley dropped their price objective on shares of Kimball Electronics from $30.00 to $29.00 and set a buy rating on the stock in a research note on Thursday. Finally, Sidoti downgraded shares of Kimball Electronics from a buy rating to a neutral rating and set a $19.00 target price for the company. in a research note on Thursday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Kimball Electronics presently has a consensus rating of Moderate Buy and an average price target of $23.25.

Kimball Electronics Trading Up 3.3 %

NASDAQ KE opened at $18.41 on Friday. The stock has a market cap of $457.84 million, a P/E ratio of 14.38 and a beta of 1.30. Kimball Electronics has a fifty-two week low of $17.29 and a fifty-two week high of $31.43. The stock has a 50 day simple moving average of $21.83 and a two-hundred day simple moving average of $21.73. 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 (NASDAQ:KE) last announced its earnings results on Tuesday, August 13th. The electronics maker reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.08). The business had revenue of $430.16 million for the quarter, compared to the consensus estimate of $429.00 million. Kimball Electronics had a net margin of 1.81% and a return on equity of 8.70%. During the same quarter in the prior year, the company earned $0.76 EPS. On average, analysts forecast that Kimball Electronics will post 1.53 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Hsbc Holdings PLC bought a new position in Kimball Electronics during the second quarter valued at approximately $210,000. Dynamic Technology Lab Private Ltd raised its stake in Kimball Electronics by 16.2% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 9,644 shares of the electronics maker’s stock valued at $260,000 after buying an additional 1,344 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Kimball Electronics during the 2nd quarter valued at $217,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Kimball Electronics by 1,526.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 10,456 shares of the electronics maker’s stock worth $230,000 after buying an additional 9,813 shares during the last quarter. Finally, EntryPoint Capital LLC grew its holdings in shares of Kimball Electronics by 96.2% in the first quarter. EntryPoint Capital LLC now owns 10,745 shares of the electronics maker’s stock worth $233,000 after acquiring an additional 5,269 shares during the period. 75.99% of the stock is owned by institutional investors.

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.