Kimball Electronics (NASDAQ:KE) Earns “Overweight” Rating from Cantor Fitzgerald

Kimball Electronics (NASDAQ:KE)‘s stock had its “overweight” rating restated by analysts at Cantor Fitzgerald in a report released on Monday, Benzinga reports.

A number of other analysts also recently weighed in on the stock. KeyCorp started coverage on shares of Kimball Electronics in a report on Thursday, July 2nd. They issued a “sector weight” rating for the company. Weiss Ratings restated a “hold (c)” rating on shares of Kimball Electronics in a report on Tuesday, August 4th. Wall Street Zen downgraded shares of Kimball Electronics from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Finally, Zacks Research raised shares of Kimball Electronics from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. One 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $32.00.

Kimball Electronics Stock Up 1.1%

KE opened at $28.31 on Monday. Kimball Electronics has a 1-year low of $21.01 and a 1-year high of $32.00. The company has a current ratio of 2.09, a quick ratio of 1.27 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $679.16 million, a price-to-earnings ratio of 27.44, a P/E/G ratio of 1.10 and a beta of 1.24. The business has a 50 day moving average of $25.80 and a 200-day moving average of $25.49.

Kimball Electronics (NASDAQ:KE) last announced 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). Kimball Electronics had a return on equity of 4.41% and a net margin of 1.95%. The company had revenue of $371.57 million during the quarter, compared to analyst estimates of $373.63 million. As a group, sell-side analysts anticipate that Kimball Electronics will post 1.27 earnings per share for the current year.

Institutional Investors Weigh In On Kimball Electronics

Several institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of Kimball Electronics during the 2nd quarter worth about $62,468,000. Bank of America Corp DE bought a new stake in Kimball Electronics in the second quarter valued at about $30,505,000. Oxford Financial Group LTD. LLC bought a new stake in Kimball Electronics in the second quarter valued at about $7,314,000. Assenagon Asset Management S.A. increased its stake in Kimball Electronics by 31.7% in the first quarter. Assenagon Asset Management S.A. now owns 226,492 shares of the electronics maker’s stock valued at $5,366,000 after acquiring an additional 54,578 shares during the period. Finally, NewEdge Advisors LLC raised its position in 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 purchasing an additional 14,754 shares in the last quarter. Institutional investors own 75.99% of the company’s stock.

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.