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.
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.
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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