Market Runner: How Analysts Feel About Kimball International Inc After Achieving All Time High?

Market Runner: How Analysts Feel About Kimball International Inc After Achieving All Time High?

The stock of Kimball International Inc (NASDAQ:KBAL) reached all time high today, Nov, 22 and still has $16.36 target or 5.00% above today’s $15.58 share price. This indicates more upside for the $590.92M company. This technical setup was reported by Barchart.com. If the $16.36 PT is reached, the company will be worth $29.55M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 87,058 shares traded hands. Kimball International Inc (NASDAQ:KBAL) has risen 35.30% since April 20, 2016 and is uptrending. It has outperformed by 30.75% the S&P500.

According to Zacks Investment Research, “Kimball International, Inc. is a manufacturer of design driven, technology savvy, furnishings. The company provides solutions for the workplace, learning, healing and hospitality environments. Its brand consists of National Office Furniture, Kimball Office and Kimball Hospitality. Kimball International, Inc. is based in Jasper, United States.”

More news for Kimball International Inc (NASDAQ:KBAL) were recently published by: Globenewswire.com, which released: “Kimball International Honored with ICMA Board of Regents Corporate Recognition …” on July 27, 2016. Businesswire.com‘s article titled: “Kimball International, Inc. Announces Additional Enhancement to Corporate …” and published on June 29, 2015 is yet another important article.

KBAL Company Profile

Kimball International, Inc., incorporated on August 24, 1939, creates design driven furnishings. The Firm sells a portfolio of furniture services and products under three brands, which include Kimball Office, National Office Furniture and Kimball Hospitality. The Company’s portfolio offers solutions for the workplace, learning, healing and hospitality environments. The Firm offers products designed specifically for the healthcare market, such as patient room and lounge seating, and casegoods. The Firm also has a trucking fleet and customer fulfillment centers to facilitate delivery of products. As of June 30, 2016, the Company, in the United States, had manufacturing facilities and showrooms in nine states and the District of Columbia. As of June 30, 2016, the Company’s products were produced at 10 plants, including seven located in Indiana, two in Kentucky, and one in Virginia.

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