Kimball Electronics (NASDAQ:KE) Upgraded to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Kimball Electronics (NASDAQ:KE) from a buy rating to a strong-buy rating in a research note published on Sunday morning.

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

Kimball Electronics Price Performance

NASDAQ:KE opened at $24.09 on Friday. The business’s 50-day moving average is $28.93 and its 200 day moving average is $28.32. Kimball Electronics has a 12 month low of $12.41 and a 12 month high of $33.19. The company has a market capitalization of $583.22 million, a P/E ratio of 25.09, a P/E/G ratio of 0.88 and a beta of 1.20. 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 released its quarterly earnings data on Wednesday, February 4th. The electronics maker reported $0.28 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.28. The business had revenue of $341.28 million for the quarter, compared to the consensus estimate of $339.34 million. Kimball Electronics had a return on equity of 6.09% and a net margin of 1.65%. On average, equities research analysts forecast that Kimball Electronics will post 0.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kimball Electronics

Several hedge funds have recently added to or reduced their stakes in KE. Kestra Advisory Services LLC bought a new stake in Kimball Electronics in the fourth quarter worth about $38,000. Marshall Wace LLP raised its holdings in shares of Kimball Electronics by 22.3% in the fourth quarter. Marshall Wace LLP now owns 184,662 shares of the electronics maker’s stock worth $5,137,000 after buying an additional 33,715 shares during the period. Segall Bryant & Hamill LLC purchased a new stake in shares of Kimball Electronics in the fourth quarter worth approximately $1,995,000. First Trust Advisors LP lifted its stake in shares of Kimball Electronics by 2.3% during the 4th quarter. First Trust Advisors LP now owns 76,943 shares of the electronics maker’s stock worth $2,141,000 after acquiring an additional 1,736 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Kimball Electronics by 13.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 515,409 shares of the electronics maker’s stock valued at $14,339,000 after acquiring an additional 59,446 shares during the period. 75.99% of the stock is currently owned by 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.