Kimball Electronics (NASDAQ:KE) Rating Lowered to “Hold” at Wall Street Zen

Kimball Electronics (NASDAQ:KE) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

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

Kimball Electronics Price Performance

KE stock opened at $25.86 on Friday. Kimball Electronics has a 1 year low of $18.04 and a 1 year high of $33.19. The company has a market cap of $621.93 million, a P/E ratio of 24.87, a PEG ratio of 1.05 and a beta of 1.22. The firm has a 50-day moving average of $25.71 and a 200 day moving average of $26.71. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.29.

Kimball Electronics (NASDAQ:KE) last released its quarterly earnings results on Tuesday, May 5th. The electronics maker reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). Kimball Electronics had a return on equity of 6.22% and a net margin of 1.81%.The company had revenue of $352.92 million during the quarter, compared to the consensus estimate of $356.27 million. On average, sell-side analysts forecast that Kimball Electronics will post 1.21 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in Kimball Electronics by 806.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 112,710 shares of the electronics maker’s stock valued at $3,366,000 after purchasing an additional 100,275 shares in the last quarter. American Century Companies Inc. increased its stake in Kimball Electronics by 19.9% during the 3rd quarter. American Century Companies Inc. now owns 837,443 shares of the electronics maker’s stock valued at $25,006,000 after purchasing an additional 139,029 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new stake in Kimball Electronics during the 3rd quarter valued at about $2,337,000. Principal Financial Group Inc. bought a new stake in Kimball Electronics during the 3rd quarter valued at about $913,000. Finally, Hillsdale Investment Management Inc. bought a new stake in Kimball Electronics during the 3rd quarter valued at about $6,846,000. Hedge funds and other institutional investors own 75.99% of the company’s stock.

About Kimball Electronics

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.