Knowles Co. (NYSE:KN) has earned an average rating of “Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $22.00.
Several analysts have issued reports on KN shares. Zacks Investment Research downgraded shares of Knowles from a “buy” rating to a “hold” rating and set a $22.00 price objective for the company. in a research note on Tuesday, April 13th. Colliers Securities reissued a “neutral” rating on shares of Knowles in a research note on Thursday, January 28th. Craig Hallum upped their target price on shares of Knowles from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Tuesday, January 12th. Roth Capital boosted their price objective on shares of Knowles from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Tuesday, January 12th. Finally, TheStreet upgraded Knowles from a “c” rating to a “b” rating in a report on Friday, February 5th.
In other Knowles news, CFO John S. Anderson sold 34,143 shares of the stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $21.50, for a total transaction of $734,074.50. Following the sale, the chief financial officer now directly owns 136,935 shares of the company’s stock, valued at approximately $2,944,102.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Raymond D. Cabrera sold 6,786 shares of Knowles stock in a transaction dated Wednesday, February 10th. The shares were sold at an average price of $20.73, for a total value of $140,673.78. Following the transaction, the senior vice president now owns 70,118 shares of the company’s stock, valued at approximately $1,453,546.14. The disclosure for this sale can be found here. Insiders have sold a total of 51,010 shares of company stock valued at $1,076,114 over the last three months. 4.48% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Marshall Wace North America L.P. purchased a new position in shares of Knowles during the 1st quarter valued at approximately $25,000. Point72 Hong Kong Ltd grew its position in Knowles by 71.4% during the third quarter. Point72 Hong Kong Ltd now owns 2,360 shares of the communications equipment provider’s stock valued at $35,000 after buying an additional 983 shares during the period. Vantage Consulting Group Inc purchased a new position in Knowles in the fourth quarter valued at $53,000. Veriti Management LLC acquired a new position in shares of Knowles in the fourth quarter worth about $60,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Knowles during the 4th quarter worth about $179,000. 96.17% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE KN opened at $21.35 on Friday. The firm’s fifty day moving average is $21.07 and its two-hundred day moving average is $18.63. Knowles has a 52-week low of $12.64 and a 52-week high of $21.94. The company has a market cap of $1.98 billion, a P/E ratio of -533.62, a P/E/G ratio of 1.95 and a beta of 1.41. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.99 and a current ratio of 3.15.
Knowles (NYSE:KN) last posted its earnings results on Wednesday, February 3rd. The communications equipment provider reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. The firm had revenue of $243.20 million during the quarter, compared to analyst estimates of $243.01 million. Knowles had a negative net margin of 0.33% and a positive return on equity of 3.41%. As a group, analysts forecast that Knowles will post 0.46 EPS for the current fiscal year.
Knowles Corporation designs, manufactures, and sells micro-acoustic, audio processing, and precision device solutions for the mobile consumer electronics, communications, medtech, defense, electric vehicle, and industrial markets. It operates in two segments, Audio and Precision Devices (PD). The Audio segment designs and manufactures audio products, including microphones, balanced armature speakers, and audio processors used in applications that serve the mobile, ear, and Internet of Things markets.
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