Knowles Corp (KN) Given Consensus Recommendation of “Hold” by Analysts

Shares of Knowles Corp (NYSE:KN) have been given an average rating of “Hold” by the nine ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $17.08.

Several equities analysts have recently weighed in on the stock. Robert W. Baird reiterated a “buy” rating and issued a $18.00 target price on shares of Knowles in a research note on Wednesday, October 17th. Zacks Investment Research upgraded shares of Knowles from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Wednesday, October 31st. ValuEngine downgraded shares of Knowles from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. Roth Capital reduced their target price on shares of Knowles from $22.00 to $17.00 and set a “buy” rating for the company in a research note on Monday, October 22nd. Finally, JPMorgan Chase & Co. set a $13.00 target price on shares of Knowles and gave the stock a “sell” rating in a research note on Friday, January 4th.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its position in Knowles by 29.0% during the second quarter. BlackRock Inc. now owns 12,124,114 shares of the communications equipment provider’s stock valued at $185,500,000 after purchasing an additional 2,726,475 shares during the last quarter. Granite Investment Partners LLC bought a new stake in Knowles during the third quarter valued at approximately $20,751,000. Dimensional Fund Advisors LP lifted its position in Knowles by 10.6% during the third quarter. Dimensional Fund Advisors LP now owns 7,585,417 shares of the communications equipment provider’s stock valued at $126,068,000 after purchasing an additional 725,618 shares during the last quarter. FMR LLC bought a new stake in Knowles during the second quarter valued at approximately $9,930,000. Finally, Canada Pension Plan Investment Board bought a new stake in Knowles during the third quarter valued at approximately $6,648,000.

NYSE KN opened at $13.50 on Friday. Knowles has a 52-week low of $10.94 and a 52-week high of $18.32. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.60 and a quick ratio of 1.55. The stock has a market cap of $1.12 billion, a P/E ratio of 19.29, a P/E/G ratio of 1.38 and a beta of 0.95.

Knowles (NYSE:KN) last posted its quarterly earnings data on Wednesday, October 24th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. Knowles had a net margin of 8.99% and a return on equity of 6.40%. The business had revenue of $236.20 million during the quarter, compared to the consensus estimate of $219.73 million. During the same quarter last year, the company posted $0.26 earnings per share. The firm’s quarterly revenue was up 20.5% compared to the same quarter last year. On average, equities research analysts anticipate that Knowles will post 0.7 EPS for the current year.

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.

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Analyst Recommendations for Knowles (NYSE:KN)

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