Kornit Digital Ltd (KRNT) Receives Average Recommendation of “Hold” from Brokerages
Shares of Kornit Digital Ltd (NASDAQ:KRNT) have been assigned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $18.67.
A number of equities analysts recently issued reports on KRNT shares. Zacks Investment Research cut Kornit Digital from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. BidaskClub cut Kornit Digital from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Canaccord Genuity restated a “buy” rating and set a $18.00 price objective (down previously from $24.00) on shares of Kornit Digital in a report on Wednesday, September 27th. Citigroup cut Kornit Digital from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $21.50 to $14.00 in a report on Wednesday, September 27th. Finally, Needham & Company LLC dropped their price objective on Kornit Digital from $22.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday, September 27th.
Kornit Digital (NASDAQ:KRNT) traded down $0.25 on Thursday, reaching $16.15. The company had a trading volume of 208,300 shares, compared to its average volume of 340,815. Kornit Digital has a one year low of $12.05 and a one year high of $23.15. The stock has a market cap of $553.26, a PE ratio of 82.00, a P/E/G ratio of 4.73 and a beta of 0.18.
Kornit Digital Company Profile
Kornit Digital Ltd. develops, designs and markets digital printing solutions for the global printed textile industry. The Company’s solutions include its digital printing systems, ink and other consumables, associated software and value added services. Its customers include custom decorators, online businesses, brand owners and contract printers.
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