Kimball Electronics, Inc. (NASDAQ:KE) Receives $22.75 Consensus PT from Analysts

Kimball Electronics, Inc. (NASDAQ:KE) has earned a consensus rating of “Moderate Buy” from the five research firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $22.75.

Several brokerages have recently weighed in on KE. Lake Street Capital decreased their price objective on Kimball Electronics from $23.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, February 6th. StockNews.com upgraded Kimball Electronics from a “hold” rating to a “buy” rating in a report on Thursday, February 6th.

Hedge Funds Weigh In On Kimball Electronics

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Kimball Electronics during the fourth quarter worth about $1,135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Kimball Electronics by 17.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 112,200 shares of the electronics maker’s stock worth $2,102,000 after acquiring an additional 16,674 shares during the period. Two Sigma Advisers LP boosted its holdings in shares of Kimball Electronics by 116.8% during the fourth quarter. Two Sigma Advisers LP now owns 78,700 shares of the electronics maker’s stock worth $1,474,000 after acquiring an additional 42,400 shares during the period. Two Sigma Investments LP boosted its holdings in shares of Kimball Electronics by 37.2% during the fourth quarter. Two Sigma Investments LP now owns 85,364 shares of the electronics maker’s stock worth $1,599,000 after acquiring an additional 23,168 shares during the period. Finally, Sherbrooke Park Advisers LLC boosted its holdings in shares of Kimball Electronics by 8.2% during the fourth quarter. Sherbrooke Park Advisers LLC now owns 20,006 shares of the electronics maker’s stock worth $375,000 after acquiring an additional 1,516 shares during the period. Institutional investors own 75.99% of the company’s stock.

Kimball Electronics Stock Performance

KE opened at $16.57 on Monday. The business’s 50-day moving average price is $18.05 and its two-hundred day moving average price is $18.37. Kimball Electronics has a 1 year low of $16.10 and a 1 year high of $24.45. The company has a market capitalization of $406.88 million, a price-to-earnings ratio of 51.78 and a beta of 1.21. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.28 and a quick ratio of 1.29.

Kimball Electronics (NASDAQ:KE) last released its quarterly earnings results on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.05. Kimball Electronics had a return on equity of 5.48% and a net margin of 0.51%. Equities analysts expect that Kimball Electronics will post 0.89 EPS for the current fiscal year.

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.