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

Kimball Electronics, Inc. (NASDAQ:KE) has been assigned an average recommendation of “Moderate Buy” from the five analysts that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $22.75.

Separately, Wall Street Zen upgraded shares of Kimball Electronics from a “hold” rating to a “buy” rating in a report on Saturday, May 24th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Nuveen LLC acquired a new position in Kimball Electronics during the first quarter worth $4,036,000. Arrowstreet Capital Limited Partnership boosted its holdings in Kimball Electronics by 239.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 200,362 shares of the electronics maker’s stock worth $3,753,000 after purchasing an additional 141,411 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Kimball Electronics by 45.4% during the first quarter. Envestnet Asset Management Inc. now owns 339,230 shares of the electronics maker’s stock worth $5,580,000 after purchasing an additional 105,889 shares during the last quarter. American Century Companies Inc. boosted its holdings in Kimball Electronics by 20.2% during the first quarter. American Century Companies Inc. now owns 588,861 shares of the electronics maker’s stock worth $9,687,000 after purchasing an additional 98,965 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Kimball Electronics by 5.0% during the fourth quarter. Vanguard Group Inc. now owns 1,945,556 shares of the electronics maker’s stock worth $36,440,000 after purchasing an additional 92,166 shares during the last quarter. Institutional investors and hedge funds own 75.99% of the company’s stock.

Kimball Electronics Stock Up 0.5%

Shares of NASDAQ KE opened at $19.15 on Wednesday. The stock has a market cap of $466.88 million, a P/E ratio of 26.97 and a beta of 1.19. The firm has a 50 day moving average price of $16.60 and a 200 day moving average price of $17.32. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.24 and a current ratio of 2.14. Kimball Electronics has a 52-week low of $12.41 and a 52-week high of $24.45.

Kimball Electronics (NASDAQ:KE) last issued its quarterly earnings data on Tuesday, May 6th. The electronics maker reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The firm had revenue of $374.61 million during the quarter, compared to analysts’ expectations of $338.08 million. Kimball Electronics had a net margin of 1.17% and a return on equity of 5.17%. Analysts expect that Kimball Electronics will post 0.89 EPS for the current year.

About Kimball Electronics

Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, and industrial end markets. The Company also offers contract manufacturing services, including engineering and supply chain support for the production of electronic assemblies and other products, including non-electronic components, medical devices, medical disposables, and precision molded plastics, as well as automation, test, and inspection equipment primarily used in automotive, medical, and industrial applications.