Kimball Electronics (NASDAQ:KE) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Kimball Electronics (NASDAQ:KE) from a hold rating to a buy rating in a report issued on Thursday morning.

Separately, 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. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Kimball Electronics currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.75.

Kimball Electronics Price Performance

Shares of NASDAQ:KE opened at $17.41 on Thursday. Kimball Electronics has a twelve month low of $16.64 and a twelve month high of $24.45. The stock’s 50 day moving average is $18.81 and its 200-day moving average is $18.96. The company has a quick ratio of 1.30, a current ratio of 2.28 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $429.68 million, a price-to-earnings ratio of 34.14 and a beta of 1.24.

Kimball Electronics (NASDAQ:KE) last released its quarterly earnings data on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.05. Kimball Electronics had a net margin of 0.78% and a return on equity of 5.63%. Sell-side analysts forecast that Kimball Electronics will post 1.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Kimball Electronics

Several institutional investors have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Kimball Electronics by 0.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 95,526 shares of the electronics maker’s stock worth $1,768,000 after purchasing an additional 556 shares during the last quarter. Point72 DIFC Ltd bought a new stake in shares of Kimball Electronics during the 3rd quarter worth $25,000. Victory Capital Management Inc. boosted its holdings in shares of Kimball Electronics by 2.5% in the 4th quarter. Victory Capital Management Inc. now owns 64,684 shares of the electronics maker’s stock worth $1,212,000 after buying an additional 1,555 shares during the last quarter. Foundry Partners LLC grew its position in Kimball Electronics by 1.0% during the third quarter. Foundry Partners LLC now owns 219,055 shares of the electronics maker’s stock valued at $4,055,000 after buying an additional 2,100 shares during the period. Finally, Cardinal Capital Management increased its holdings in Kimball Electronics by 2.7% during the fourth quarter. Cardinal Capital Management now owns 92,263 shares of the electronics maker’s stock worth $1,728,000 after buying an additional 2,459 shares during the last quarter. 75.99% of the stock is owned by institutional investors.

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.