Kimball Electronics (NASDAQ:KE) Upgraded by Wall Street Zen to “Buy” Rating

Kimball Electronics (NASDAQ:KE) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Sunday.

Several other equities research analysts have also issued reports on KE. Weiss Ratings raised Kimball Electronics from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 7th. Zacks Research upgraded Kimball Electronics from a “strong sell” rating to a “hold” rating in a research report on Friday, June 5th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $32.00.

Kimball Electronics Stock Performance

NASDAQ KE opened at $25.30 on Friday. Kimball Electronics has a 52-week low of $18.04 and a 52-week high of $33.19. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.29 and a current ratio of 2.11. The company has a market capitalization of $608.56 million, a P/E ratio of 24.33, a P/E/G ratio of 1.05 and a beta of 1.22. The company has a fifty day moving average of $25.82 and a 200-day moving average of $26.60.

Kimball Electronics (NASDAQ:KE) last announced its earnings results on Tuesday, May 5th. The electronics maker reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). The company had revenue of $352.92 million during the quarter, compared to analysts’ expectations of $356.27 million. Kimball Electronics had a return on equity of 6.22% and a net margin of 1.81%. As a group, equities research analysts predict that Kimball Electronics will post 1.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Kimball Electronics

A number of institutional investors have recently made changes to their positions in the business. Quarry LP purchased a new stake in Kimball Electronics during the 3rd quarter valued at $28,000. Raymond James Financial Inc. purchased a new position in shares of Kimball Electronics in the second quarter valued at about $34,000. Farther Finance Advisors LLC bought a new position in shares of Kimball Electronics during the fourth quarter valued at about $35,000. CWM LLC raised its stake in shares of Kimball Electronics by 135.2% during the fourth quarter. CWM LLC now owns 1,244 shares of the electronics maker’s stock valued at $35,000 after acquiring an additional 715 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Kimball Electronics during the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 75.99% of the company’s stock.

Kimball Electronics Company Profile

Kimball Electronics, Inc is a global electronic manufacturing services (EMS) provider headquartered in Jasper, Tennessee. The company offers end-to-end product design and manufacturing solutions, serving original equipment manufacturers (OEMs) across a range of industries. With a focus on precision electronics and complex assemblies, Kimball Electronics leverages advanced engineering capabilities, quality systems and lean production methods to support customers from product concept through full-scale production.

The company’s core offerings include printed circuit board assembly (PCBA), system integration, tooling and test fixture development, and aftermarket services.