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

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

Other analysts have also recently issued research reports about the stock. KeyCorp began coverage on shares of Kimball Electronics in a research note on Thursday. They set a “sector weight” rating for the company. Zacks Research upgraded shares of Kimball Electronics from a “strong sell” rating to a “hold” rating in a research note on Friday, June 5th. Finally, Weiss Ratings raised shares of Kimball Electronics from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $32.00.

Kimball Electronics Price Performance

KE opened at $25.09 on Friday. The stock’s fifty day simple moving average is $25.53 and its 200 day simple moving average is $26.26. Kimball Electronics has a 1-year low of $18.04 and a 1-year high of $33.19. The stock has a market cap of $603.39 million, a PE ratio of 24.13, a price-to-earnings-growth ratio of 1.21 and a beta of 1.22. The company has a current ratio of 2.11, a quick ratio of 1.29 and a debt-to-equity ratio of 0.22.

Kimball Electronics (NASDAQ:KE) last released its quarterly earnings data on Tuesday, May 5th. The electronics maker reported $0.33 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 for the quarter, compared to the consensus estimate of $356.27 million. As a group, research analysts expect that Kimball Electronics will post 1.21 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Comerica Bank increased its position in Kimball Electronics by 1.2% during the 4th quarter. Comerica Bank now owns 27,812 shares of the electronics maker’s stock worth $774,000 after buying an additional 336 shares during the period. Cardinal Capital Management boosted its position in shares of Kimball Electronics by 0.4% in the fourth quarter. Cardinal Capital Management now owns 106,570 shares of the electronics maker’s stock valued at $2,965,000 after acquiring an additional 372 shares during the period. Barclays PLC grew its stake in shares of Kimball Electronics by 0.7% in the fourth quarter. Barclays PLC now owns 69,334 shares of the electronics maker’s stock valued at $1,929,000 after acquiring an additional 498 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of Kimball Electronics by 0.9% in the second quarter. Lazard Asset Management LLC now owns 63,912 shares of the electronics maker’s stock valued at $1,229,000 after acquiring an additional 561 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Kimball Electronics by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,687 shares of the electronics maker’s stock worth $242,000 after acquiring an additional 624 shares during the period. 75.99% of the stock is owned by institutional investors and hedge funds.

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.