Kimball Electronics, Inc. (NASDAQ:KE) Receives $22.75 Average Price Target from Analysts

Shares of Kimball Electronics, Inc. (NASDAQ:KE) have received an average recommendation of “Moderate Buy” from the five brokerages that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $22.75.

A number of brokerages recently issued reports on KE. StockNews.com raised Kimball Electronics from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Lake Street Capital lowered their price objective on shares of Kimball Electronics from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, February 6th.

Institutional Investors Weigh In On Kimball Electronics

Institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 DIFC Ltd acquired a new position in Kimball Electronics during the third quarter worth $25,000. Quest Partners LLC bought a new position in shares of Kimball Electronics in the 3rd quarter valued at about $61,000. KLP Kapitalforvaltning AS acquired a new position in shares of Kimball Electronics during the 4th quarter worth about $82,000. Aquatic Capital Management LLC raised its holdings in shares of Kimball Electronics by 211.6% in the 4th quarter. Aquatic Capital Management LLC now owns 8,726 shares of the electronics maker’s stock valued at $163,000 after purchasing an additional 5,926 shares during the period. Finally, Quantbot Technologies LP lifted its stake in Kimball Electronics by 995.9% in the 3rd quarter. Quantbot Technologies LP now owns 9,019 shares of the electronics maker’s stock valued at $167,000 after purchasing an additional 8,196 shares during the last quarter. Institutional investors own 75.99% of the company’s stock.

Kimball Electronics Stock Down 1.8 %

Kimball Electronics stock opened at $16.55 on Friday. Kimball Electronics has a twelve month low of $15.94 and a twelve month high of $24.45. The company has a quick ratio of 1.29, a current ratio of 2.28 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average of $17.51 and a 200-day moving average of $18.25. The stock has a market capitalization of $406.39 million, a PE ratio of 51.72 and a beta of 1.21.

Kimball Electronics (NASDAQ:KE) last released its earnings results on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. Kimball Electronics had a return on equity of 5.48% and a net margin of 0.51%. On average, equities research analysts anticipate that Kimball Electronics will post 0.89 EPS for the current fiscal year.

Kimball Electronics Company Profile

Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, and industrial end markets. The Company also offers contract manufacturing services, including engineering and supply chain support for the production of electronic assemblies and other products, including non-electronic components, medical devices, medical disposables, and precision molded plastics, as well as automation, test, and inspection equipment primarily used in automotive, medical, and industrial applications.