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

Shares of Kimball Electronics, Inc. (NASDAQ:KE) have been assigned a consensus rating of “Moderate Buy” from the five research firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $32.00.

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

Kimball Electronics Stock Down 2.4%

Shares of KE opened at $25.86 on Monday. The company has a quick ratio of 1.27, a current ratio of 2.09 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average price of $25.81 and a two-hundred day moving average price of $25.53. The stock has a market cap of $620.38 million, a price-to-earnings ratio of 25.98, a P/E/G ratio of 1.05 and a beta of 1.24. Kimball Electronics has a 12 month low of $21.01 and a 12 month high of $32.00.

Kimball Electronics (NASDAQ:KE) last issued its earnings results on Wednesday, August 12th. The electronics maker reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). The company had revenue of $371.57 million during 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%. Equities analysts predict that Kimball Electronics will post 1.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Kimball Electronics

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in Kimball Electronics in the second quarter valued at approximately $62,468,000. Bank of America Corp DE acquired a new stake in Kimball Electronics during the 2nd quarter worth approximately $30,505,000. Oxford Financial Group LTD. LLC acquired a new stake in Kimball Electronics during the 2nd quarter worth approximately $7,314,000. Assenagon Asset Management S.A. boosted its stake in Kimball Electronics by 31.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 226,492 shares of the electronics maker’s stock worth $5,366,000 after purchasing an additional 54,578 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in shares of Kimball Electronics by 7.9% in the second quarter. NewEdge Advisors LLC now owns 201,940 shares of the electronics maker’s stock valued at $5,170,000 after purchasing an additional 14,754 shares in the last quarter. Institutional investors and hedge funds 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.