Knowles (NYSE:KN) Upgraded by StockNews.com to “Buy” Rating

Knowles (NYSE:KN) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Monday.

Several other equities research analysts have also recently issued reports on the company. Susquehanna reduced their target price on Knowles from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Craig Hallum downgraded Knowles from a “buy” rating to a “hold” rating and set a $17.00 price objective on the stock. in a research note on Friday.

Knowles Price Performance

KN stock traded up $0.11 during trading on Monday, reaching $18.36. The company’s stock had a trading volume of 1,607,776 shares, compared to its average volume of 508,772. The company has a quick ratio of 1.67, a current ratio of 2.35 and a debt-to-equity ratio of 0.23. The company’s fifty day moving average is $19.54 and its 200-day moving average is $18.48. The company has a market capitalization of $1.62 billion, a P/E ratio of -7.84 and a beta of 1.42. Knowles has a 1 year low of $15.00 and a 1 year high of $20.85.

Knowles (NYSE:KN) last posted its quarterly earnings results on Thursday, February 13th. The communications equipment provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). The business had revenue of $142.50 million during the quarter. Knowles had a positive return on equity of 5.16% and a negative net margin of 27.53%.

Hedge Funds Weigh In On Knowles

Large investors have recently modified their holdings of the stock. Blue Trust Inc. grew its stake in shares of Knowles by 114.6% during the third quarter. Blue Trust Inc. now owns 2,002 shares of the communications equipment provider’s stock valued at $35,000 after buying an additional 1,069 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Knowles by 46.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the communications equipment provider’s stock worth $42,000 after buying an additional 669 shares during the period. Sterling Capital Management LLC lifted its holdings in Knowles by 835.5% during the 4th quarter. Sterling Capital Management LLC now owns 2,741 shares of the communications equipment provider’s stock valued at $55,000 after buying an additional 2,448 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in Knowles in the 3rd quarter valued at about $52,000. Finally, CWM LLC boosted its position in Knowles by 20.0% in the 3rd quarter. CWM LLC now owns 3,643 shares of the communications equipment provider’s stock valued at $66,000 after buying an additional 607 shares during the period. Institutional investors own 96.35% of the company’s stock.

Knowles Company Profile

Knowles Corporation offers capacitors, radio frequency (RF) filtering products, balanced armature speakers, micro-acoustic microphones, and audio solutions in Asia, the United States, Europe, other Americas, and internationally. It operates through three segments: Precision Devices (PD); Medtech & Specialty Audio (MSA); and Consumer MEMS Microphones (CMM).