Zacks: Brokerages Set $14.50 Price Target for Kimball Electronics Inc. (KE)
Kimball Electronics Inc. (NASDAQ:KE) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a twelve-month consensus target price of $14.50 for the company and are expecting that the company will post $0.18 EPS for the current quarter, according to Zacks. Zacks has also assigned Kimball Electronics an industry rank of 61 out of 265 based on the ratings given to its competitors.
KE has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Kimball Electronics from a “hold” rating to a “sell” rating in a report on Tuesday, August 9th. B. Riley reaffirmed a “buy” rating and set a $14.50 price target on shares of Kimball Electronics in a report on Tuesday, August 9th.
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Hedge funds have recently made changes to their positions in the company. BKD Wealth Advisors LLC increased its stake in Kimball Electronics by 1,816.2% in the second quarter. BKD Wealth Advisors LLC now owns 480,478 shares of the company’s stock valued at $5,982,000 after buying an additional 455,404 shares during the last quarter. Emerald Acquisition Ltd. purchased a new stake in Kimball Electronics during the second quarter valued at $3,541,000. Stifel Financial Corp purchased a new stake in Kimball Electronics during the second quarter valued at $2,843,000. Loomis Sayles & Co. L P purchased a new stake in Kimball Electronics during the second quarter valued at $2,147,000. Finally, FMR LLC increased its stake in Kimball Electronics by 30.8% in the second quarter. FMR LLC now owns 643,909 shares of the company’s stock valued at $8,017,000 after buying an additional 151,637 shares during the last quarter. 54.84% of the stock is owned by institutional investors.
Kimball Electronics (NASDAQ:KE) remained flat at $13.59 during midday trading on Thursday. 29,407 shares of the stock were exchanged. The firm has a market cap of $382.63 million, a price-to-earnings ratio of 17.88 and a beta of 0.91. Kimball Electronics has a 12-month low of $9.15 and a 12-month high of $14.28. The stock has a 50-day moving average price of $12.78 and a 200-day moving average price of $11.99.
Kimball Electronics (NASDAQ:KE) last released its earnings results on Wednesday, August 3rd. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Kimball Electronics had a return on equity of 6.98% and a net margin of 2.65%. The company had revenue of $220.40 million for the quarter, compared to analyst estimates of $201.13 million. On average, analysts predict that Kimball Electronics will post $0.86 EPS for the current fiscal year.
About Kimball Electronics
Kimball Electronics, Inc (Kimball Electronics) is engaged in providing engineering, manufacturing and supply chain services. The Company offers its services to customers in the automotive, medical, industrial and public safety end markets. The Company offers engineering, manufacturing and supply chain services, such as design services; rapid prototyping and new product introduction support; production and testing of printed circuit board assemblies (PCBAS); industrialization and automation of manufacturing processes; product design and process validation and qualification; reliability testing, which include testing of products under a series of different environmental conditions; assembly, production and packaging of other related non-electronic products; supply chain services, and product life cycle management.
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