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

Kimball Electronics (NASDAQ:KE) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

Other analysts have also issued reports about the stock. Weiss Ratings restated a “hold (c)” rating on shares of Kimball Electronics in a research report on Tuesday, October 14th. Zacks Research cut shares of Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 14th. Lake Street Capital raised their price target on shares of Kimball Electronics from $21.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Finally, B. Riley reaffirmed a “buy” rating on shares of Kimball Electronics in a research note on Thursday, October 9th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Kimball Electronics Stock Performance

NASDAQ KE opened at $29.08 on Friday. Kimball Electronics has a 52-week low of $12.41 and a 52-week high of $33.19. The company has a fifty day moving average of $29.64 and a 200-day moving average of $22.52. The company has a market capitalization of $709.26 million, a P/E ratio of 43.40, a P/E/G ratio of 1.26 and a beta of 1.23. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.34 and a current ratio of 2.20.

Kimball Electronics (NASDAQ:KE) last released its quarterly earnings results on Wednesday, August 13th. The electronics maker reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.14. Kimball Electronics had a return on equity of 5.11% and a net margin of 1.14%.The business had revenue of $380.47 million for the quarter, compared to the consensus estimate of $333.19 million. Kimball Electronics has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Kimball Electronics will post 0.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in KE. Envestnet Asset Management Inc. raised its position in shares of Kimball Electronics by 45.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 339,230 shares of the electronics maker’s stock worth $5,580,000 after acquiring an additional 105,889 shares in the last quarter. Linden Thomas Advisory Services LLC grew its stake in shares of Kimball Electronics by 17.2% in the first quarter. Linden Thomas Advisory Services LLC now owns 33,975 shares of the electronics maker’s stock worth $559,000 after acquiring an additional 4,983 shares during the last quarter. Peapod Lane Capital LLC purchased a new position in Kimball Electronics in the first quarter worth about $519,000. Y Intercept Hong Kong Ltd bought a new position in Kimball Electronics in the 1st quarter valued at approximately $200,000. Finally, Avantax Advisory Services Inc. increased its holdings in Kimball Electronics by 81.8% in the 1st quarter. Avantax Advisory Services Inc. now owns 63,392 shares of the electronics maker’s stock worth $1,043,000 after buying an additional 28,521 shares in the last quarter. Hedge funds and other institutional investors own 75.99% of the company’s stock.

Kimball Electronics Company Profile

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.