Kimball Electronics, Inc. Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of Kimball Electronics, Inc. (NASDAQ:KE) have received a consensus rating of "Moderate Buy" from five research firms currently analyzing the stock, according to Marketbeat Ratings. Among these analysts, two have given a hold recommendation, while three have issued a buy recommendation for the stock. The average target price for the stock over the next twelve months is set at $22.75, based on the evaluations made in the past year.

Several analysts have shared their views regarding Kimball Electronics. For instance, Lake Street Capital adjusted their price target from $23.00 to $21.00, while maintaining a "buy" rating on the company in their latest research report. Additionally, StockNews.com improved their assessment of Kimball Electronics by upgrading their rating from "hold" to "buy" in a report published on Thursday.

Institutional Investors Update Their Holdings

In recent months, several institutional investors and hedge funds have recalibrated their holdings in Kimball Electronics. Geode Capital Management LLC raised its stake in the company by 0.7% during the third quarter, increasing their ownership to 577,229 shares, valued at approximately $10,686,000 after acquiring an additional 4,044 shares. Similarly, State Street Corp enhanced their position by 1.4%, holding 565,069 shares worth about $10,459,000 following a purchase of 7,864 shares in the past quarter.

Assenagon Asset Management S.A. significantly boosted its holdings by 11.0% in the third quarter, bringing their total to 303,629 shares valued around $5,620,000 after buying an extra 29,993 shares. Grace & White Inc. NY also increased their stake by 5.5% in the fourth quarter, now owning 270,877 shares worth approximately $5,074,000 after adding 14,100 shares to their position. Additionally, Foundry Partners LLC raised its stake by 1.0% in the third quarter, resulting in ownership of 219,055 shares valued at about $4,055,000 after acquiring 2,100 additional shares. Overall, institutional investors and hedge funds hold around 75.99% of the company's stock.

Recent Stock Performance of Kimball Electronics

During trading on Thursday, shares of NASDAQ:KE dropped by $0.59, closing at $17.41. A total of 199,084 shares were traded, contrasting with the average trading volume of 117,654 shares. The stock has experienced a twelve-month low of $16.64 and a high of $24.45, with a market capitalization of $429.68 million. Other key financial metrics include a PE ratio of 34.14, a beta of 1.24, and a 50-day moving average of $18.81 against a 200-day average of $18.96. The company maintains a current ratio of 2.28, a quick ratio of 1.30, and a debt-to-equity ratio of 0.37.

Kimball Electronics most recently reported its quarterly earnings results on February 4th. The electronics company announced an earnings per share (EPS) of $0.29 for the quarter, which surpassed analysts' expectations of $0.24 by $0.05. The return on equity for Kimball Electronics stands at 5.63%, with a net margin of 0.78%. Looking forward, research analysts forecast that the company will achieve an EPS of 1.06 for the current fiscal year.

Company Overview of Kimball Electronics

Kimball Electronics, Inc. focuses on providing electronics manufacturing, engineering, and supply chain support services to various sectors, including automotive, medical, and industrial markets. The company specializes in contract manufacturing services that encompass engineering and supply chain assistance for electronic assemblies and other products. Their offerings extend to non-electronic components, medical devices, medical disposables, precision molded plastics, as well as automation, inspection, and testing equipment utilized prominently in automotive, medical, and industrial applications.

Kimball, Electronics, Stock