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

Wall Street Zen downgraded shares of Kimball Electronics (NASDAQ:KE) from a strong-buy rating to a buy rating in a research report sent to investors on Monday.

Other research analysts have also issued research reports about the stock. Lake Street Capital restated a “buy” rating and set a $32.00 price target on shares of Kimball Electronics in a research note on Friday, November 7th. Zacks Research downgraded Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kimball Electronics in a research report on Friday, January 9th. 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 has an average rating of “Moderate Buy” and an average price target of $32.00.

Kimball Electronics Stock Performance

Shares of KE opened at $26.53 on Monday. Kimball Electronics has a 12 month low of $12.41 and a 12 month high of $33.19. The stock has a fifty day moving average price of $28.13 and a 200-day moving average price of $28.59. The company has a current ratio of 2.21, a quick ratio of 1.31 and a debt-to-equity ratio of 0.22. The firm has a market cap of $642.29 million, a PE ratio of 27.64, a P/E/G ratio of 0.93 and a beta of 1.20.

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

Institutional Trading of Kimball Electronics

A number of large investors have recently made changes to their positions in the stock. Quarry LP acquired a new position in shares of Kimball Electronics in the third quarter valued at approximately $28,000. State of Alaska Department of Revenue purchased a new position in shares of Kimball Electronics in the 3rd quarter valued at $31,000. CWM LLC boosted its position in shares of Kimball Electronics by 135.2% in the fourth quarter. CWM LLC now owns 1,244 shares of the electronics maker’s stock worth $35,000 after buying an additional 715 shares during the period. Farther Finance Advisors LLC acquired a new stake in shares of Kimball Electronics in the fourth quarter valued at about $35,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Kimball Electronics in the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 75.99% of the company’s stock.

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.