Kimball Electronics, Inc. (NASDAQ:KE) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Kimball Electronics, Inc. (NASDAQ:KE) have earned an average recommendation of “Moderate Buy” from the five ratings firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $32.00.

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

Hedge Funds Weigh In On Kimball Electronics

A number of hedge funds and other institutional investors have recently bought and sold shares of KE. Royal Bank of Canada raised its position in shares of Kimball Electronics by 5.8% during the 1st quarter. Royal Bank of Canada now owns 29,199 shares of the electronics maker’s stock worth $480,000 after purchasing an additional 1,588 shares during the period. AQR Capital Management LLC boosted its position in Kimball Electronics by 24.0% during the 1st quarter. AQR Capital Management LLC now owns 259,734 shares of the electronics maker’s stock valued at $4,273,000 after purchasing an additional 50,245 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Kimball Electronics by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,687 shares of the electronics maker’s stock valued at $242,000 after purchasing an additional 624 shares during the period. Empowered Funds LLC grew its stake in Kimball Electronics by 8.3% during the 1st quarter. Empowered Funds LLC now owns 88,650 shares of the electronics maker’s stock worth $1,458,000 after buying an additional 6,803 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in Kimball Electronics during the 1st quarter worth $411,000. 75.99% of the stock is currently owned by institutional investors and hedge funds.

Kimball Electronics Stock Performance

NASDAQ:KE opened at $24.86 on Monday. The company has a market cap of $597.88 million, a PE ratio of 23.90, a P/E/G ratio of 1.10 and a beta of 1.22. The business’s 50 day moving average is $25.11 and its two-hundred day moving average is $25.83. 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 has a 52 week low of $18.04 and a 52 week high of $33.19.

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

About Kimball Electronics

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.