Brokerages Set Kimball Electronics, Inc. (NASDAQ:KE) Price Target at $22.75

Shares of Kimball Electronics, Inc. (NASDAQ:KE) have earned a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $22.75.

A number of equities analysts recently weighed in on KE shares. Lake Street Capital lowered their price objective 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. StockNews.com raised shares of Kimball Electronics from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th.

Kimball Electronics Stock Performance

NASDAQ:KE opened at $16.90 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.30 and a current ratio of 2.28. The stock has a market capitalization of $417.09 million, a P/E ratio of 52.81 and a beta of 1.24. The company has a 50 day moving average price of $18.58 and a 200 day moving average price of $18.73. Kimball Electronics has a fifty-two week low of $16.36 and a fifty-two week high of $24.45.

Kimball Electronics (NASDAQ:KE) last posted its quarterly earnings data on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. Kimball Electronics had a net margin of 0.51% and a return on equity of 5.47%. Equities research analysts forecast that Kimball Electronics will post 1.02 EPS for the current year.

Hedge Funds Weigh In On Kimball Electronics

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KE. Point72 DIFC Ltd purchased a new stake in shares of Kimball Electronics during the 3rd quarter worth $25,000. nVerses Capital LLC purchased a new stake in shares of Kimball Electronics during the 3rd quarter worth $48,000. Quest Partners LLC purchased a new stake in shares of Kimball Electronics during the 3rd quarter worth $61,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Kimball Electronics during the 4th quarter worth $82,000. Finally, SG Americas Securities LLC lifted its position in shares of Kimball Electronics by 78.5% during the 3rd quarter. SG Americas Securities LLC now owns 8,755 shares of the electronics maker’s stock worth $162,000 after purchasing an additional 3,849 shares during the last quarter. Hedge funds and other institutional investors own 75.99% of the company’s stock.

Kimball Electronics Company Profile

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.