Kimball Electronics, Inc. (NASDAQ:KE) Stock Has Consensus Price Target of $32.00 According to Brokerages

Kimball Electronics, Inc. (NASDAQ:KE) has been given an average rating of “Hold” by the four ratings firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $37.00.

A number of brokerages have weighed in on KE. Zacks Research lowered shares of Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 19th. Roth Capital started coverage on Kimball Electronics in a report on Thursday. They set a “buy” rating and a $37.00 price target on the stock. Cantor Fitzgerald dropped coverage on Kimball Electronics in a research note on Monday, October 12th. They issued an “overweight” rating on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kimball Electronics in a report on Monday, November 2nd.

Hedge Funds Weigh In On Kimball Electronics

Several institutional investors have recently made changes to their positions in KE. BlackRock Inc. purchased a new position in shares of Kimball Electronics during the 2nd quarter worth $62,468,000. Bank of America Corp DE purchased a new stake in shares of Kimball Electronics in the 2nd quarter worth $30,505,000. Oxford Financial Group LTD. LLC purchased a new stake in shares of Kimball Electronics in the 2nd quarter worth $7,314,000. Empowered Funds LLC purchased a new stake in shares of Kimball Electronics in the 2nd quarter worth $3,571,000. Finally, Man Group plc bought a new position in Kimball Electronics in the 2nd quarter worth $3,325,000. Institutional investors own 75.99% of the company’s stock.

Kimball Electronics Price Performance

KE opened at $20.10 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.12 and a current ratio of 1.90. The stock has a market capitalization of $482.00 million, a P/E ratio of 26.75 and a beta of 1.23. The company’s 50-day simple moving average is $25.68 and its two-hundred day simple moving average is $25.36. Kimball Electronics has a 52-week low of $19.10 and a 52-week high of $32.00.

Kimball Electronics (NASDAQ:KE) last announced its quarterly earnings results on Wednesday, November 4th. The electronics maker reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.15). Kimball Electronics had a net margin of 1.41% and a return on equity of 3.09%. The company had revenue of $390.80 million for the quarter, compared to analysts’ expectations of $387.20 million. As a group, analysts predict that Kimball Electronics will post 1.32 EPS for the current year.

Kimball Electronics Company Profile

Kimball Electronics, Inc. is a contract manufacturer that provides engineering, supply chain, and manufacturing services for electronic and other products. Its work includes product design and development, assembly, testing, and related support services. The company serves customers in markets including medical, automotive, industrial, and public safety. Its services help customers bring products to market and manage production across their life cycles. Kimball Electronics traces its roots to electronics manufacturing operations established by Kimball International in 1961 and became an independent publicly traded company in 2014.