Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Kimball Electronics Inc (NASDAQ: KE) improved in the last week. KE’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Kimball Electronics Inc (NASDAQ: KE) stock closed at $22.51 on 8/1/24 after a large decline of -5.0%. Moreover, this decline was accompanied by above average trading volume at 142% of normal. The stock has declined -3.8% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, KE is expected to continue to be a modest Value Builder.
Kimball Electronics has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Kimball Electronics has a slightly positive Appreciation Score of 66 but a poor Power Rating of 21, with the Low Neutral Value Trend Rating the result.
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