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.
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.
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