Kimball Electronics (NASDAQ:KE) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Kimball Electronics (NASDAQ:KE) from a buy rating to a strong-buy rating in a report released on Saturday morning.

KE has been the topic of a number of other research reports. B. Riley reiterated a “buy” rating on shares of Kimball Electronics in a report on Thursday, October 9th. Zacks Research downgraded shares of Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 14th. Lake Street Capital upped their price objective on shares of Kimball Electronics from $21.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, August 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Kimball Electronics in a research note on Tuesday, October 14th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $28.00.

Kimball Electronics Price Performance

KE opened at $29.08 on Friday. The stock has a fifty day moving average of $29.64 and a 200-day moving average of $22.58. The firm has a market capitalization of $709.26 million, a P/E ratio of 43.40, a PEG ratio of 1.26 and a beta of 1.23. Kimball Electronics has a 12-month low of $12.41 and a 12-month high of $33.19. The company has a quick ratio of 1.34, a current ratio of 2.20 and a debt-to-equity ratio of 0.23.

Kimball Electronics (NASDAQ:KE) last issued its quarterly earnings results on Wednesday, August 13th. The electronics maker reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.14. The business had revenue of $380.47 million for the quarter, compared to the consensus estimate of $333.19 million. Kimball Electronics had a return on equity of 5.11% and a net margin of 1.14%. Kimball Electronics has set its FY 2025 guidance at EPS. Equities analysts forecast that Kimball Electronics will post 0.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in KE. American Century Companies Inc. lifted its holdings in Kimball Electronics by 18.6% in the 2nd quarter. American Century Companies Inc. now owns 698,414 shares of the electronics maker’s stock worth $13,431,000 after purchasing an additional 109,553 shares during the last quarter. Earnest Partners LLC raised its position in shares of Kimball Electronics by 10.3% in the first quarter. Earnest Partners LLC now owns 691,417 shares of the electronics maker’s stock valued at $11,374,000 after purchasing an additional 64,307 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Kimball Electronics by 70.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 411,921 shares of the electronics maker’s stock worth $7,921,000 after buying an additional 169,735 shares during the period. Envestnet Asset Management Inc. raised its holdings in Kimball Electronics by 3.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 350,253 shares of the electronics maker’s stock worth $6,735,000 after acquiring an additional 11,023 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Kimball Electronics by 34.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 300,694 shares of the electronics maker’s stock valued at $4,946,000 after acquiring an additional 77,272 shares during the period. Institutional investors and hedge funds own 75.99% of the company’s stock.

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.