Kimball Electronics (NASDAQ:KE) Cut to Buy at Wall Street Zen

Kimball Electronics (NASDAQ:KE) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

KE has been the topic of several other reports. Zacks Research cut Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Lake Street Capital reissued a “buy” rating and issued a $32.00 price target on shares of Kimball Electronics in a research note on Friday, November 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Kimball Electronics in a report on Friday, January 9th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $32.00.

Kimball Electronics Stock Performance

Shares of NASDAQ KE opened at $26.29 on Friday. The company has a market capitalization of $639.90 million, a PE ratio of 27.39, a price-to-earnings-growth ratio of 0.87 and a beta of 1.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.34 and a current ratio of 2.21. The company’s fifty day moving average price is $29.39 and its 200 day moving average price is $28.00. Kimball Electronics has a 1 year low of $12.41 and a 1 year high of $33.19.

Kimball Electronics (NASDAQ:KE) last released its quarterly earnings data on Wednesday, February 4th. The electronics maker reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28. Kimball Electronics had a net margin of 1.65% and a return on equity of 6.13%. The company had revenue of $341.28 million during the quarter, compared to analysts’ expectations of $339.34 million. On average, research analysts predict that Kimball Electronics will post 0.89 earnings per share for the current year.

Institutional Investors Weigh In On Kimball Electronics

Several large investors have recently made changes to their positions in KE. Comerica Bank grew its position in Kimball Electronics by 1.2% during the 4th quarter. Comerica Bank now owns 27,812 shares of the electronics maker’s stock worth $774,000 after acquiring an additional 336 shares during the last quarter. Cardinal Capital Management boosted its stake in Kimball Electronics by 0.4% in the fourth quarter. Cardinal Capital Management now owns 106,570 shares of the electronics maker’s stock worth $2,965,000 after purchasing an additional 372 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of Kimball Electronics by 0.9% during the second quarter. Lazard Asset Management LLC now owns 63,912 shares of the electronics maker’s stock worth $1,229,000 after purchasing an additional 561 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Kimball Electronics by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,687 shares of the electronics maker’s stock worth $242,000 after purchasing an additional 624 shares during the last quarter. Finally, AlphaQuest LLC increased its stake in shares of Kimball Electronics by 9.1% in the second quarter. AlphaQuest LLC now owns 8,119 shares of the electronics maker’s stock valued at $156,000 after buying an additional 678 shares in the last quarter. 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.