Wall Street Zen Upgrades Kimball Electronics (NASDAQ:KE) to Buy
Wall Street Zen upgraded Kimball Electronics (NASDAQ:KE) from a "hold" to a "buy" rating. Lake Street Capital also set a new price target of $21.00 while maintaining a "buy" rating. Currently, Kimball Electronics has an average rating of "Moderate Buy" with a consensus target price of $22.75. The stock opened at $17.50, with a 52-week range of $12.41 to $24.45. The company reported a quarterly EPS of $0.27, exceeding estimates, and had revenue of $374.61 million.
Kimball Electronics (NASDAQ:KE - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.
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Separately, Lake Street Capital reduced their price target on shares of Kimball Electronics from $23.00 to $21.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $22.75.
Read Our Latest Research Report on KE
Kimball Electronics Stock Performance
Kimball Electronics stock opened at $17.50 on Friday. Kimball Electronics has a fifty-two week low of $12.41 and a fifty-two week high of $24.45. The firm's 50 day simple moving average is $15.59 and its 200-day simple moving average is $17.48. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.28 and a quick ratio of 1.29. The company has a market cap of $426.65 million, a P/E ratio of 54.69 and a beta of 1.11.
Kimball Electronics (NASDAQ:KE - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The electronics maker reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.01. Kimball Electronics had a net margin of 0.51% and a return on equity of 5.48%. The firm had revenue of $374.61 million during the quarter, compared to analyst estimates of $338.08 million. As a group, equities research analysts predict that Kimball Electronics will post 0.89 EPS for the current year.
Institutional Investors Weigh In On Kimball Electronics
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new position in Kimball Electronics in the first quarter worth approximately $866,000. Jane Street Group LLC bought a new stake in Kimball Electronics in the first quarter worth approximately $411,000. Empowered Funds LLC grew its position in Kimball Electronics by 8.3% in the first quarter. Empowered Funds LLC now owns 88,650 shares of the electronics maker's stock worth $1,458,000 after acquiring an additional 6,803 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Kimball Electronics by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,687 shares of the electronics maker's stock worth $242,000 after purchasing an additional 624 shares during the last quarter. Finally, Bridgeway Capital Management LLC raised its holdings in shares of Kimball Electronics by 4.3% during the 1st quarter. Bridgeway Capital Management LLC now owns 165,850 shares of the electronics maker's stock valued at $2,728,000 after purchasing an additional 6,803 shares in the last quarter. 75.99% of the stock is owned by hedge funds and other institutional investors.
Kimball Electronics Company Profile
(Get Free Report)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.
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