Lake Street Capital Has Lowered Expectations for Kimball Electronics (NASDAQ:KE) Stock Price

Kimball Electronics (NASDAQ:KE) had its target price dropped by equities researchers at Lake Street Capital from $23.00 to $21.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the electronics maker’s stock. Lake Street Capital’s price target indicates a potential upside of 20.62% from the company’s current price.

Kimball Electronics Trading Down 3.3 %

Shares of NASDAQ:KE traded down $0.59 during midday trading on Thursday, reaching $17.41. The company had a trading volume of 199,084 shares, compared to its average volume of 117,654. Kimball Electronics has a 1-year low of $16.64 and a 1-year high of $24.45. The firm has a market cap of $429.68 million, a price-to-earnings ratio of 34.14 and a beta of 1.24. 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 company has a fifty day simple moving average of $18.81 and a two-hundred day simple moving average of $18.96.

Kimball Electronics (NASDAQ:KE) last announced its quarterly earnings data on Tuesday, February 4th. The electronics maker reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. Kimball Electronics had a return on equity of 5.63% and a net margin of 0.78%. Research analysts predict that Kimball Electronics will post 1.06 earnings per share for the current year.

Institutional Investors Weigh In On Kimball Electronics

Several large investors have recently modified their holdings of the stock. Grace & White Inc. NY grew its position in Kimball Electronics by 38.5% during the 3rd quarter. Grace & White Inc. NY now owns 256,777 shares of the electronics maker’s stock worth $4,753,000 after acquiring an additional 71,400 shares during the last quarter. US Bancorp DE grew its position in Kimball Electronics by 230.0% during the 3rd quarter. US Bancorp DE now owns 64,340 shares of the electronics maker’s stock worth $1,191,000 after acquiring an additional 44,843 shares during the last quarter. Barclays PLC grew its position in Kimball Electronics by 96.4% during the 3rd quarter. Barclays PLC now owns 65,749 shares of the electronics maker’s stock worth $1,218,000 after acquiring an additional 32,271 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Kimball Electronics by 11.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 303,629 shares of the electronics maker’s stock valued at $5,620,000 after buying an additional 29,993 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd boosted its position in Kimball Electronics by 289.1% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 35,533 shares of the electronics maker’s stock valued at $658,000 after buying an additional 26,402 shares during the last quarter. 75.99% of the stock is currently owned by institutional investors.

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.