Analysts Set Kimball Electronics, Inc. (NASDAQ:KE) PT at $22.75

Kimball Electronics, Inc. (NASDAQ:KE) has received a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $22.75.

A number of research firms recently issued reports on KE. Lake Street Capital decreased their price objective on Kimball Electronics from $23.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, February 6th. StockNews.com upgraded Kimball Electronics from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th.

Kimball Electronics Stock Up 3.6 %

Shares of KE opened at $14.33 on Tuesday. Kimball Electronics has a 12 month low of $12.41 and a 12 month high of $24.45. The company has a quick ratio of 1.29, a current ratio of 2.28 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average price of $15.79 and a two-hundred day moving average price of $17.66. The stock has a market cap of $351.87 million, a price-to-earnings ratio of 44.78 and a beta of 1.18.

Kimball Electronics (NASDAQ:KE) last issued its earnings results on Tuesday, February 4th. The electronics maker reported $0.29 EPS for the quarter, beating the consensus estimate of $0.24 by $0.05. Kimball Electronics had a net margin of 0.51% and a return on equity of 5.48%. Equities analysts predict that Kimball Electronics will post 0.89 EPS for the current fiscal year.

Institutional Investors Weigh In On Kimball Electronics

A number of large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in Kimball Electronics by 3,256.0% during the first quarter. GAMMA Investing LLC now owns 4,195 shares of the electronics maker’s stock valued at $69,000 after acquiring an additional 4,070 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Kimball Electronics in the 4th quarter worth approximately $82,000. Aquatic Capital Management LLC boosted its stake in shares of Kimball Electronics by 211.6% during the fourth quarter. Aquatic Capital Management LLC now owns 8,726 shares of the electronics maker’s stock valued at $163,000 after purchasing an additional 5,926 shares during the period. Graham Capital Management L.P. purchased a new position in shares of Kimball Electronics in the fourth quarter worth $201,000. Finally, Point72 Asset Management L.P. raised its holdings in Kimball Electronics by 17.0% during the 4th quarter. Point72 Asset Management L.P. now owns 10,889 shares of the electronics maker’s stock valued at $204,000 after buying an additional 1,584 shares during the last quarter. Hedge funds and other institutional investors own 75.99% of the company’s stock.

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.