Knowles (KN) Downgraded by Lake Street Capital to Hold

Knowles (NYSE:KN) was downgraded by research analysts at Lake Street Capital from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, The Fly reports.

Other equities research analysts have also issued research reports about the stock. Craig Hallum reissued a “buy” rating and set a $18.00 price objective (down previously from $19.00) on shares of Knowles in a report on Tuesday, January 15th. Robert W. Baird reissued a “buy” rating on shares of Knowles in a report on Friday, January 11th. Zacks Investment Research raised shares of Knowles from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Wednesday, October 31st. Roth Capital decreased their price objective on shares of Knowles from $22.00 to $17.00 and set a “buy” rating on the stock in a report on Monday, October 22nd. Finally, ValuEngine raised shares of Knowles from a “sell” rating to a “hold” rating in a report on Tuesday, October 16th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $16.64.

Shares of NYSE:KN opened at $15.68 on Friday. Knowles has a 12 month low of $10.94 and a 12 month high of $18.32. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.55 and a current ratio of 2.60. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 22.40, a P/E/G ratio of 1.97 and a beta of 1.08.

Knowles (NYSE:KN) last issued its quarterly earnings data on Thursday, February 7th. The communications equipment provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.08. Knowles had a net margin of 8.99% and a return on equity of 6.40%. The firm had revenue of $223.80 million for the quarter, compared to analyst estimates of $224.42 million. During the same quarter in the prior year, the firm earned $0.40 EPS. The company’s revenue was up 3.9% on a year-over-year basis. Analysts expect that Knowles will post 0.7 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Legal & General Group Plc raised its position in shares of Knowles by 7.4% in the 3rd quarter. Legal & General Group Plc now owns 213,251 shares of the communications equipment provider’s stock valued at $3,526,000 after acquiring an additional 14,710 shares during the period. MetLife Investment Advisors LLC raised its holdings in Knowles by 55.2% during the 3rd quarter. MetLife Investment Advisors LLC now owns 62,648 shares of the communications equipment provider’s stock worth $1,041,000 after buying an additional 22,286 shares during the period. Vident Investment Advisory LLC acquired a new stake in Knowles during the 3rd quarter worth approximately $1,836,000. Krane Funds Advisors LLC raised its holdings in Knowles by 6.4% during the 3rd quarter. Krane Funds Advisors LLC now owns 22,849 shares of the communications equipment provider’s stock worth $380,000 after buying an additional 1,380 shares during the period. Finally, BlackRock Inc. raised its holdings in Knowles by 4.5% during the 3rd quarter. BlackRock Inc. now owns 12,667,048 shares of the communications equipment provider’s stock worth $210,527,000 after buying an additional 542,934 shares during the period.

About Knowles

Knowles Corporation designs, manufactures, and sells micro-acoustic, audio processing, and precision device solutions to the mobile consumer electronics, industrial, defense, aerospace medical, and telecommunications markets worldwide. The company operates in two segments, Audio and Precision Devices.

See Also: Should You Consider an Index Fund?

The Fly

Analyst Recommendations for Knowles (NYSE:KN)

Receive News & Ratings for Knowles Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knowles and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply