Kimball Electronics, Inc. (NASDAQ:KE) Stock Has Average Price Target of $32.00

Shares of Kimball Electronics, Inc. (NASDAQ:KE) have earned an average recommendation of “Moderate Buy” from the five research firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $32.00.

KE has been the topic of several recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Kimball Electronics in a report on Tuesday, August 4th. KeyCorp began coverage on Kimball Electronics in a research report on Thursday, July 2nd. They issued a “sector weight” rating for the company. Zacks Research raised shares of Kimball Electronics from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Kimball Electronics in a research report on Monday, October 12th. Finally, Wall Street Zen cut shares of Kimball Electronics from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th.

Kimball Electronics Stock Performance

Shares of KE stock opened at $25.86 on Monday. Kimball Electronics has a 1 year low of $21.01 and a 1 year high of $32.00. 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 stock’s 50 day simple moving average is $25.81 and its two-hundred day simple moving average is $25.54. The company has a market cap of $620.38 million, a PE ratio of 22.89, a price-to-earnings-growth ratio of 1.02 and a beta of 1.24.

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

Hedge Funds Weigh In On Kimball Electronics

A number of large investors have recently made changes to their positions in KE. Public Employees Retirement System of Ohio purchased a new stake in Kimball Electronics in the 2nd quarter worth about $29,000. GAMMA Investing LLC lifted its stake in 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 purchasing an additional 452 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in Kimball Electronics in the second quarter worth about $50,000. Quantbot Technologies LP purchased a new position in shares of Kimball Electronics during the second quarter valued at approximately $55,000. Finally, Parallel Advisors LLC boosted its position in shares of Kimball Electronics by 122.8% during the first quarter. Parallel Advisors LLC now owns 2,324 shares of the electronics maker’s stock valued at $55,000 after buying an additional 1,281 shares during the period. 75.99% of the stock is owned by hedge funds and other institutional investors.

Kimball Electronics Company Profile

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.