Kimball Electronics (NASDAQ:KE) Upgraded at Wall Street Zen

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

A number of other analysts also recently commented on the company. Lake Street Capital reiterated a “buy” rating and set a $32.00 target price on shares of Kimball Electronics in a research report on Friday, November 7th. Zacks Research lowered shares of Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Kimball Electronics in a research note on Friday, January 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 data from MarketBeat, Kimball Electronics presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

Kimball Electronics Stock Up 0.9%

Shares of NASDAQ KE opened at $24.09 on Friday. The stock has a market cap of $583.22 million, a P/E ratio of 25.09, a PEG ratio of 0.88 and a beta of 1.20. Kimball Electronics has a 12-month low of $12.41 and a 12-month high of $33.19. The business’s fifty day simple moving average is $28.93 and its 200-day simple moving average is $28.26. The company has a current ratio of 2.21, a quick ratio of 1.31 and a debt-to-equity ratio of 0.22.

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

Hedge Funds Weigh In On Kimball Electronics

Institutional investors and hedge funds have recently modified their holdings of the company. Comerica Bank boosted its position in Kimball Electronics by 1.2% during the fourth 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 lifted its stake in shares of Kimball Electronics by 0.4% during the 4th 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 during the period. Lazard Asset Management LLC boosted 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 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 valued at $242,000 after purchasing an additional 624 shares during the period. Finally, AlphaQuest LLC grew its position 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 purchasing an additional 678 shares during the period. Hedge funds and other institutional investors own 75.99% of the company’s stock.

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.