Kimball Electronics (NASDAQ:KE) Cut to “Buy” at Wall Street Zen

Wall Street Zen cut shares of Kimball Electronics (NASDAQ:KE) from a strong-buy rating to a buy rating in a report published on Saturday.

KE has been the subject of a number of other research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Kimball Electronics in a research report on Friday, January 9th. Zacks Research downgraded Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, Lake Street Capital restated a “buy” rating and issued a $32.00 price objective on shares of Kimball Electronics in a research report on Friday, November 7th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $32.00.

Kimball Electronics Trading Down 2.7%

Kimball Electronics stock opened at $25.59 on Friday. The firm has a market cap of $619.53 million, a PE ratio of 26.66, a P/E/G ratio of 0.95 and a beta of 1.20. Kimball Electronics has a 12 month low of $12.41 and a 12 month high of $33.19. The stock’s 50 day simple moving average is $29.33 and its two-hundred day simple moving average is $28.17. The company has a current ratio of 2.21, a quick ratio of 1.31 and a debt-to-equity ratio of 0.22.

Kimball Electronics (NASDAQ:KE) last posted its earnings results on Wednesday, February 4th. The electronics maker reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. Kimball Electronics had a net margin of 1.65% and a return on equity of 6.09%. The firm had revenue of $341.28 million during the quarter, compared to analysts’ expectations of $339.34 million. Analysts anticipate that Kimball Electronics will post 0.89 earnings per share for the current year.

Institutional Trading of Kimball Electronics

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets boosted its holdings in Kimball Electronics by 10,263.5% in the third quarter. BNP Paribas Financial Markets now owns 260,850 shares of the electronics maker’s stock valued at $7,789,000 after purchasing an additional 258,333 shares during the period. Hillsdale Investment Management Inc. acquired a new stake in shares of Kimball Electronics during the third quarter worth about $6,846,000. CSM Advisors LLC acquired a new position in shares of Kimball Electronics in the 2nd quarter valued at $4,068,000. Arrowstreet Capital Limited Partnership increased its stake in Kimball Electronics by 70.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 411,921 shares of the electronics maker’s stock valued at $7,921,000 after purchasing an additional 169,735 shares during the period. Finally, American Century Companies Inc. increased its position in Kimball Electronics by 19.9% in the 3rd quarter. American Century Companies Inc. now owns 837,443 shares of the electronics maker’s stock valued at $25,006,000 after acquiring an additional 139,029 shares during the period. 75.99% of the stock is currently owned by hedge funds and other institutional investors.

About Kimball Electronics

Kimball Electronics, Inc is a global electronic manufacturing services (EMS) provider headquartered in Jasper, Tennessee. The company offers end-to-end product design and manufacturing solutions, serving original equipment manufacturers (OEMs) across a range of industries. With a focus on precision electronics and complex assemblies, Kimball Electronics leverages advanced engineering capabilities, quality systems and lean production methods to support customers from product concept through full-scale production.

The company’s core offerings include printed circuit board assembly (PCBA), system integration, tooling and test fixture development, and aftermarket services.