Kimball Electronics, Inc. (NASDAQ:KE) Given Average Recommendation of “Moderate Buy” by Analysts

Kimball Electronics, Inc. (NASDAQ:KE) has received a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $32.00.

Several equities analysts recently weighed in on the stock. KeyCorp assumed coverage on shares of Kimball Electronics in a research note on Thursday, July 2nd. They issued a “sector weight” rating for the company. Wall Street Zen downgraded shares of Kimball Electronics from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Zacks Research raised shares of Kimball Electronics from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Kimball Electronics in a research note on Tuesday, August 4th.

Institutional Investors Weigh In On Kimball Electronics

A number of institutional investors have recently made changes to their positions in KE. BlackRock Inc. bought a new position in Kimball Electronics during the 2nd quarter worth $62,468,000. Bank of America Corp DE bought a new stake in shares of Kimball Electronics in the second quarter valued at about $30,505,000. Oxford Financial Group LTD. LLC bought a new stake in shares of Kimball Electronics in the second quarter valued at about $7,314,000. BNP Paribas Financial Markets increased its position in Kimball Electronics by 2.2% during the fourth quarter. BNP Paribas Financial Markets now owns 266,694 shares of the electronics maker’s stock worth $7,419,000 after acquiring an additional 5,844 shares during the period. Finally, Hillsdale Investment Management Inc. increased its position in Kimball Electronics by 1.0% during the fourth quarter. Hillsdale Investment Management Inc. now owns 231,670 shares of the electronics maker’s stock worth $6,445,000 after acquiring an additional 2,400 shares during the period. Institutional investors own 75.99% of the company’s stock.

Kimball Electronics Trading Up 4.0%

NASDAQ:KE opened at $25.64 on Tuesday. The company has a market cap of $614.51 million, a P/E ratio of 22.69, a price-to-earnings-growth ratio of 1.04 and a beta of 1.20. Kimball Electronics has a twelve month low of $21.01 and a twelve month high of $32.47. The business has a 50 day moving average price of $24.77 and a two-hundred day moving average price of $25.00. The company has a quick ratio of 1.27, a current ratio of 2.09 and a debt-to-equity ratio of 0.18.

Kimball Electronics (NASDAQ:KE) last announced its earnings results on Wednesday, August 12th. The electronics maker reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.39 by ($0.40). The business had revenue of $371.57 million for the quarter, compared to analyst estimates of $373.63 million. Kimball Electronics had a return on equity of 4.41% and a net margin of 1.95%. As a group, analysts expect that Kimball Electronics will post 1.18 EPS for the current fiscal year.

Kimball Electronics Company Profile

Kimball Electronics, Inc (NASDAQ: KE) is a contract manufacturing services provider that designs and manufactures electronic and electromechanical products for customers in the automotive, medical, and industrial markets. The company supports customers from product development through production, offering engineering, supply chain management, manufacturing, testing, and final assembly services.

Its capabilities include the production of printed circuit board assemblies, electronic modules, cable and wire harnesses, medical devices, automotive components, and industrial control products.