Kimball Electronics (NASDAQ:KE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Kimball Electronics (NASDAQ:KE) from a buy rating to a strong-buy rating in a research report report published on Sunday.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Kimball Electronics in a research report on Friday, January 9th. Zacks Research cut Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, Lake Street Capital reiterated a “buy” rating and set a $32.00 price target on shares of Kimball Electronics in a report on Friday, November 7th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

Kimball Electronics Stock Performance

KE opened at $24.48 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.31 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average is $28.70 and its 200-day moving average is $28.40. The stock has a market cap of $592.66 million, a PE ratio of 25.50, a price-to-earnings-growth ratio of 0.88 and a beta of 1.20. Kimball Electronics has a twelve month low of $12.41 and a twelve month high of $33.19.

Kimball Electronics (NASDAQ:KE) last posted its earnings results on Wednesday, February 4th. The electronics maker reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. The firm had revenue of $341.28 million for the quarter, compared to analysts’ expectations of $339.34 million. Kimball Electronics had a return on equity of 6.09% and a net margin of 1.65%. On average, analysts predict that Kimball Electronics will post 0.89 earnings per share for the current year.

Hedge Funds Weigh In On Kimball Electronics

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Campbell & CO Investment Adviser LLC acquired a new position in Kimball Electronics during the third quarter worth $543,000. Dynamic Technology Lab Private Ltd increased its holdings in shares of Kimball Electronics by 112.0% during the second quarter. Dynamic Technology Lab Private Ltd now owns 44,054 shares of the electronics maker’s stock worth $847,000 after buying an additional 23,274 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Kimball Electronics by 18.6% during the second quarter. American Century Companies Inc. now owns 698,414 shares of the electronics maker’s stock worth $13,431,000 after buying an additional 109,553 shares in the last quarter. CSM Advisors LLC acquired a new position in shares of Kimball Electronics in the 2nd quarter worth approximately $4,068,000. Finally, Integrated Quantitative Investments LLC bought a new stake in Kimball Electronics during the 2nd quarter worth approximately $254,000. 75.99% of the stock is 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.