Kimball Electronics (NASDAQ:KE) Price Target Cut to $28.00 by Analysts at Cantor Fitzgerald

Kimball Electronics (NASDAQ:KEFree Report) had its price objective cut by Cantor Fitzgerald from $33.00 to $28.00 in a report released on Wednesday morning, Benzinga reports. They currently have an overweight rating on the electronics maker’s stock. Cantor Fitzgerald also issued estimates for Kimball Electronics’ FY2024 earnings at $1.62 EPS.

Kimball Electronics Stock Up 2.6 %

Shares of Kimball Electronics stock opened at $21.28 on Wednesday. The company has a current ratio of 1.97, a quick ratio of 0.94 and a debt-to-equity ratio of 0.43. The company’s fifty day simple moving average is $24.85 and its two-hundred day simple moving average is $26.36. The company has a market cap of $529.23 million, a P/E ratio of 9.81 and a beta of 1.34. Kimball Electronics has a 12-month low of $19.52 and a 12-month high of $31.43.

Institutional Trading of Kimball Electronics

Hedge funds and other institutional investors have recently modified their holdings of the business. First Eagle Investment Management LLC grew its position in shares of Kimball Electronics by 178.3% in the 3rd quarter. First Eagle Investment Management LLC now owns 224,024 shares of the electronics maker’s stock worth $6,134,000 after buying an additional 143,523 shares during the period. Royce & Associates LP grew its position in Kimball Electronics by 0.4% during the 2nd quarter. Royce & Associates LP now owns 868,551 shares of the electronics maker’s stock valued at $23,998,000 after purchasing an additional 3,218 shares during the last quarter. Alberta Investment Management Corp grew its position in Kimball Electronics by 14.2% during the 2nd quarter. Alberta Investment Management Corp now owns 55,595 shares of the electronics maker’s stock valued at $1,536,000 after purchasing an additional 6,895 shares during the last quarter. Cardinal Capital Management grew its position in Kimball Electronics by 2.4% during the 3rd quarter. Cardinal Capital Management now owns 45,739 shares of the electronics maker’s stock valued at $1,252,000 after purchasing an additional 1,071 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC grew its position in Kimball Electronics by 14.6% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 9,580 shares of the electronics maker’s stock valued at $262,000 after purchasing an additional 1,224 shares during the last quarter. 70.56% of the stock is owned by hedge funds and other institutional investors.

About Kimball Electronics

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Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, industrial, and public safety end markets. It provides electronics manufacturing services, including engineering and supply chain support, to customers in the automotive, medical, and industrial end market verticals.

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