Kimball Electronics (NASDAQ:KE) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Kimball Electronics (NASDAQ:KE) from a hold rating to a strong-buy rating in a report released on Monday,Zacks.com reports.

KE has been the topic of several other reports. Wall Street Zen cut Kimball Electronics from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings upgraded shares of Kimball Electronics from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 7th. Finally, KeyCorp initiated coverage on shares of Kimball Electronics in a research note on Thursday, July 2nd. They issued a “sector weight” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

Kimball Electronics Stock Down 4.1%

Shares of NASDAQ:KE opened at $24.63 on Monday. The firm has a market cap of $592.35 million, a P/E ratio of 23.68, a P/E/G ratio of 1.07 and a beta of 1.22. Kimball Electronics has a 12-month low of $18.04 and a 12-month high of $33.19. The business has a fifty day simple moving average of $25.44 and a 200 day simple moving average of $26.19. The company has a quick ratio of 1.29, a current ratio of 2.11 and a debt-to-equity ratio of 0.22.

Kimball Electronics (NASDAQ:KE) last released its quarterly earnings results on Tuesday, May 5th. The electronics maker reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The company had revenue of $352.92 million during the quarter, compared to the consensus estimate of $356.27 million. Kimball Electronics had a net margin of 1.81% and a return on equity of 6.22%. Analysts predict that Kimball Electronics will post 1.29 earnings per share for the current year.

Institutional Investors Weigh In On Kimball Electronics

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