Kimball Electronics (NASDAQ:KE) Downgraded by Wall Street Zen to “Buy”

Wall Street Zen cut shares of Kimball Electronics (NASDAQ:KE) from a strong-buy rating to a buy rating in a research note issued to investors on Monday.

A number of other research firms also recently commented on KE. Zacks Research downgraded Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kimball Electronics in a research report on Friday, January 9th. Finally, Lake Street Capital reissued a “buy” rating and issued a $32.00 price target on shares of Kimball Electronics in a report on Friday, November 7th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

Kimball Electronics Trading Down 0.1%

Shares of NASDAQ:KE opened at $25.02 on Monday. The company has a 50 day moving average of $28.24 and a 200-day moving average of $28.57. The company has a current ratio of 2.21, a quick ratio of 1.31 and a debt-to-equity ratio of 0.22. The firm has a market cap of $605.73 million, a P/E ratio of 26.06, a P/E/G ratio of 0.91 and a beta of 1.20. Kimball Electronics has a twelve month low of $12.41 and a twelve month high of $33.19.

Kimball Electronics (NASDAQ:KE) last announced its earnings results on Wednesday, February 4th. The electronics maker reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. The firm had revenue of $341.28 million for the quarter, compared to analysts’ expectations of $339.34 million. Kimball Electronics had a return on equity of 6.09% and a net margin of 1.65%. As a group, analysts anticipate that Kimball Electronics will post 0.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kimball Electronics

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP purchased a new position in Kimball Electronics in the 3rd quarter worth about $28,000. State of Alaska Department of Revenue acquired a new position in shares of Kimball Electronics in the third quarter worth about $31,000. Raymond James Financial Inc. acquired a new position in shares of Kimball Electronics in the second quarter worth about $34,000. Farther Finance Advisors LLC purchased a new position in shares of Kimball Electronics in the fourth quarter worth approximately $35,000. Finally, CWM LLC raised its holdings in shares of Kimball Electronics by 135.2% during the fourth quarter. CWM LLC now owns 1,244 shares of the electronics maker’s stock valued at $35,000 after acquiring an additional 715 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.