Kimball Electronics (NASDAQ:KE) Downgraded by Wall Street Zen to “Buy”

Kimball Electronics (NASDAQ:KE) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Monday.

A number of other analysts also recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kimball Electronics in a research report on Friday, January 9th. Lake Street Capital reissued a “buy” rating and set a $32.00 price objective on shares of Kimball Electronics in a research note on Friday, November 7th. Finally, Zacks Research cut shares of Kimball Electronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

Kimball Electronics Stock Up 1.3%

Shares of NASDAQ:KE opened at $25.04 on Monday. Kimball Electronics has a 52-week low of $12.41 and a 52-week high of $33.19. The firm has a market capitalization of $606.22 million, a P/E ratio of 26.08, a P/E/G ratio of 0.91 and a beta of 1.20. The stock has a 50 day moving average price of $28.33 and a 200-day moving average price of $28.53. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.31 and a current ratio of 2.21.

Kimball Electronics (NASDAQ:KE) last released its quarterly earnings results on Wednesday, February 4th. The electronics maker reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. The company had revenue of $341.28 million for the quarter, compared to analyst estimates of $339.34 million. Kimball Electronics had a return on equity of 6.09% and a net margin of 1.65%. As a group, equities research analysts anticipate that Kimball Electronics will post 0.89 EPS for the current fiscal year.

Institutional Trading of Kimball Electronics

A number of institutional investors and hedge funds have recently bought and sold shares of KE. Quarry LP bought a new position in shares of Kimball Electronics in the third quarter worth approximately $28,000. State of Alaska Department of Revenue bought a new position in Kimball Electronics in the 3rd quarter valued at approximately $31,000. Raymond James Financial Inc. purchased a new stake in Kimball Electronics during the 2nd quarter valued at $34,000. Farther Finance Advisors LLC purchased a new stake in Kimball Electronics during the 4th quarter valued at $35,000. Finally, CWM LLC increased its holdings in shares of Kimball Electronics by 135.2% in the 4th quarter. CWM LLC now owns 1,244 shares of the electronics maker’s stock worth $35,000 after purchasing an additional 715 shares in the last quarter. 75.99% of the stock is currently owned by institutional investors.

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.