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

Shares of Kimball Electronics, Inc. (NASDAQ:KE) have been assigned an average rating of “Moderate Buy” from the five ratings firms that are currently covering the company, MarketBeat.com 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 1 year price target among brokers that have issued a report on the stock in the last year is $22.75.

Separately, Wall Street Zen raised shares of Kimball Electronics from a “hold” rating to a “buy” rating in a research note on Saturday, May 24th.

Hedge Funds Weigh In On Kimball Electronics

A number of large investors have recently made changes to their positions in KE. GAMMA Investing LLC lifted its holdings in Kimball Electronics by 3,256.0% during the 1st quarter. GAMMA Investing LLC now owns 4,195 shares of the electronics maker’s stock valued at $69,000 after buying an additional 4,070 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Kimball Electronics during the 4th quarter valued at about $82,000. Aquatic Capital Management LLC lifted its holdings in Kimball Electronics by 211.6% during the 4th quarter. Aquatic Capital Management LLC now owns 8,726 shares of the electronics maker’s stock valued at $163,000 after buying an additional 5,926 shares in the last quarter. Graham Capital Management L.P. bought a new stake in Kimball Electronics during the 4th quarter valued at about $201,000. Finally, EntryPoint Capital LLC bought a new stake in Kimball Electronics during the 1st quarter valued at about $177,000. 75.99% of the stock is owned by hedge funds and other institutional investors.

Kimball Electronics Stock Performance

Shares of NASDAQ KE opened at $18.41 on Wednesday. The firm has a fifty day moving average price of $16.38 and a 200-day moving average price of $17.31. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.28 and a quick ratio of 1.29. The stock has a market cap of $448.84 million, a PE ratio of 57.53 and a beta of 1.19. Kimball Electronics has a 1 year low of $12.41 and a 1 year high of $24.45.

Kimball Electronics (NASDAQ:KE) last announced its quarterly earnings data on Tuesday, May 6th. The electronics maker reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The firm had revenue of $374.61 million during the quarter, compared to analysts’ expectations of $338.08 million. Kimball Electronics had a net margin of 0.51% and a return on equity of 5.48%. Equities analysts anticipate that Kimball Electronics will post 0.89 earnings per share 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.