Kimball Electronics’ (KE) Overweight Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reissued their overweight rating on shares of Kimball Electronics (NASDAQ:KE) in a research note issued to investors on Monday,Benzinga reports.

A number of other research firms also recently issued reports on KE. Weiss Ratings reissued a “hold (c)” rating on shares of Kimball Electronics in a research report on Tuesday, August 4th. Zacks Research raised shares of Kimball Electronics from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. KeyCorp started coverage on shares of Kimball Electronics in a research report on Thursday, July 2nd. They set a “sector weight” rating on the stock. Finally, Wall Street Zen downgraded shares of Kimball Electronics from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Kimball Electronics presently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

Kimball Electronics Stock Performance

Shares of NASDAQ:KE opened at $27.23 on Monday. The firm has a market capitalization of $653.25 million, a PE ratio of 27.75, a P/E/G ratio of 1.12 and a beta of 1.24. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.09 and a quick ratio of 1.27. The business has a 50-day moving average of $25.81 and a two-hundred day moving average of $25.51. Kimball Electronics has a 12 month low of $21.01 and a 12 month high of $32.00.

Kimball Electronics (NASDAQ:KE) last released its quarterly earnings data on Wednesday, August 12th. The electronics maker reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). The firm had revenue of $371.57 million during the quarter, compared to analysts’ expectations of $373.63 million. Kimball Electronics had a return on equity of 4.41% and a net margin of 1.95%. As a group, research analysts forecast that Kimball Electronics will post 1.27 earnings per share for the current year.

Hedge Funds Weigh In On Kimball Electronics

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KE. Sax Wealth Advisors LLC purchased a new stake in shares of Kimball Electronics during the third quarter worth about $205,000. GAMMA Investing LLC lifted its stake in shares of Kimball Electronics by 36.0% in the third quarter. GAMMA Investing LLC now owns 1,707 shares of the electronics maker’s stock worth $47,000 after acquiring an additional 452 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Kimball Electronics by 7.9% in the second quarter. NewEdge Advisors LLC now owns 201,940 shares of the electronics maker’s stock worth $5,170,000 after acquiring an additional 14,754 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of Kimball Electronics by 7.6% in the second quarter. IFP Advisors Inc now owns 8,422 shares of the electronics maker’s stock worth $216,000 after acquiring an additional 592 shares in the last quarter. Finally, AXQ Capital LP purchased a new position in Kimball Electronics in the second quarter valued at about $284,000. 75.99% of the stock is owned by hedge funds and other institutional investors.

About Kimball Electronics

Kimball Electronics, Inc is a contract manufacturer that provides electronic manufacturing services, engineering support and supply-chain solutions for original equipment manufacturers. The company helps customers design, build, test and manage products ranging from circuit-board assemblies to complete, integrated systems.

Kimball Electronics serves a diverse group of markets, including automotive, medical, industrial and public safety applications. Its capabilities include printed circuit board assembly, box-build and system integration, prototyping, product testing, tooling, automation and other manufacturing services.