Kimball Electronics (NASDAQ:KE) Cut to Hold at Zacks Research

Zacks Research cut shares of Kimball Electronics (NASDAQ:KE) from a strong-buy rating to a hold rating in a research report report published on Tuesday morning,Zacks.com reports.

Several other brokerages have also weighed in on KE. Lake Street Capital reissued a “buy” rating and issued a $32.00 price objective on shares of Kimball Electronics in a report on Friday, November 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kimball Electronics in a research report on Tuesday, October 14th. B. Riley reissued a “buy” rating on shares of Kimball Electronics in a research report on Thursday, October 9th. Finally, Wall Street Zen upgraded shares of Kimball Electronics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 1st. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

Kimball Electronics Trading Down 0.7%

Shares of KE stock opened at $28.34 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 2.21 and a debt-to-equity ratio of 0.23. The firm has a market cap of $689.80 million, a P/E ratio of 29.83, a PEG ratio of 1.05 and a beta of 1.15. The company has a 50 day moving average of $28.76 and a 200-day moving average of $26.52. Kimball Electronics has a 12-month low of $12.41 and a 12-month high of $33.19.

Kimball Electronics (NASDAQ:KE) last posted its quarterly earnings data on Wednesday, November 5th. The electronics maker reported $0.49 EPS for the quarter, beating the consensus estimate of $0.24 by $0.25. Kimball Electronics had a return on equity of 6.28% and a net margin of 1.62%.The business had revenue of $365.60 million for the quarter, compared to the consensus estimate of $338.43 million. Sell-side analysts anticipate that Kimball Electronics will post 0.89 earnings per share for the current year.

Institutional Trading of Kimball Electronics

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in Kimball Electronics by 5.8% in the 1st quarter. Royal Bank of Canada now owns 29,199 shares of the electronics maker’s stock valued at $480,000 after purchasing an additional 1,588 shares during the period. AQR Capital Management LLC increased its holdings in shares of Kimball Electronics by 24.0% in the first quarter. AQR Capital Management LLC now owns 259,734 shares of the electronics maker’s stock worth $4,273,000 after purchasing an additional 50,245 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Kimball Electronics by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,687 shares of the electronics maker’s stock worth $242,000 after buying an additional 624 shares in the last quarter. Empowered Funds LLC boosted its stake in Kimball Electronics by 8.3% during the first quarter. Empowered Funds LLC now owns 88,650 shares of the electronics maker’s stock valued at $1,458,000 after buying an additional 6,803 shares during the period. Finally, Jane Street Group LLC bought a new stake in Kimball Electronics during the first quarter valued at $411,000. Institutional investors own 75.99% of the company’s stock.

Kimball Electronics Company Profile

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.