Kimball Electronics, Inc. (NASDAQ:KE) Receives Average Rating of “Hold” from Brokerages

Shares of Kimball Electronics, Inc. (NASDAQ:KE) have been assigned a consensus rating of “Hold” from the five research firms that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $32.00.

A number of research analysts recently weighed in on KE shares. Zacks Research raised shares of Kimball Electronics from a “strong sell” rating to a “hold” rating in a report on Friday, June 5th. Weiss Ratings upgraded shares of Kimball Electronics from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 7th. KeyCorp initiated coverage on shares of Kimball Electronics in a research note on Thursday. They issued a “sector weight” rating for the company. Finally, Wall Street Zen upgraded shares of Kimball Electronics from a “hold” rating to a “buy” rating in a research report on Sunday, June 21st.

Kimball Electronics Stock Up 0.4%

Shares of KE stock opened at $25.71 on Thursday. The company’s fifty day simple moving average is $25.63 and its two-hundred day simple moving average is $26.31. 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 $618.33 million, a P/E ratio of 24.72, a PEG ratio of 1.06 and a beta of 1.22. 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 (NASDAQ:KE) last issued its earnings results on Tuesday, May 5th. The electronics maker reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 6.22% and a net margin of 1.81%. Analysts predict that Kimball Electronics will post 1.21 EPS for the current fiscal year.

Hedge Funds Weigh In On Kimball Electronics

Large investors have recently modified their holdings of the stock. Comerica Bank lifted its position in Kimball Electronics by 1.2% in the fourth quarter. Comerica Bank now owns 27,812 shares of the electronics maker’s stock worth $774,000 after buying an additional 336 shares during the last quarter. Cardinal Capital Management raised its stake in shares of Kimball Electronics by 0.4% in the fourth quarter. Cardinal Capital Management now owns 106,570 shares of the electronics maker’s stock valued at $2,965,000 after acquiring an additional 372 shares during the period. Barclays PLC lifted its holdings in shares of Kimball Electronics by 0.7% in the 4th quarter. Barclays PLC now owns 69,334 shares of the electronics maker’s stock worth $1,929,000 after acquiring an additional 498 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of Kimball Electronics by 0.9% during the 2nd quarter. Lazard Asset Management LLC now owns 63,912 shares of the electronics maker’s stock worth $1,229,000 after purchasing an additional 561 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 last quarter. Institutional investors 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.