Shares of Knowles Co. (NYSE:KN – Get Rating) have been assigned an average recommendation of "Hold" from the six research firms that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $20.63.
Several equities analysts recently issued reports on the stock. TheStreet lowered shares of Knowles from a "c-" rating to a "d+" rating in a report on Monday. StockNews.com lowered shares of Knowles from a "buy" rating to a "hold" rating in a report on Thursday, August 4th. Finally, Roth Capital lowered shares of Knowles from a "buy" rating to a "neutral" rating and cut their price objective for the company from $20.00 to $17.00 in a report on Wednesday, August 3rd.
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Institutional Investors Weigh In On Knowles
Several institutional investors have recently bought and sold shares of the company. M&G Investment Management Ltd. boosted its stake in Knowles by 5.7% in the second quarter. M&G Investment Management Ltd. now owns 79,219 shares of the communications equipment provider's stock valued at $1,347,000 after acquiring an additional 4,252 shares in the last quarter. Summit Global Investments acquired a new stake in shares of Knowles during the second quarter worth $626,000. Captrust Financial Advisors lifted its stake in shares of Knowles by 340.9% during the second quarter. Captrust Financial Advisors now owns 13,241 shares of the communications equipment provider's stock worth $229,000 after buying an additional 10,238 shares during the period. Eagle Bay Advisors LLC lifted its stake in shares of Knowles by 97.2% during the second quarter. Eagle Bay Advisors LLC now owns 3,706 shares of the communications equipment provider's stock worth $64,000 after buying an additional 1,827 shares during the period. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Knowles by 56.3% during the second quarter. Thrivent Financial for Lutherans now owns 2,640,558 shares of the communications equipment provider's stock worth $45,761,000 after buying an additional 950,629 shares during the period. 99.14% of the stock is currently owned by institutional investors and hedge funds.
Knowles Stock Performance
Shares of NYSE:KN opened at $12.65 on Friday. The firm has a market cap of $1.16 billion, a PE ratio of -10.72 and a beta of 1.42. The firm's 50 day simple moving average is $16.17 and its 200-day simple moving average is $18.15. Knowles has a one year low of $12.52 and a one year high of $23.81. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.27 and a current ratio of 2.54.
Knowles (NYSE:KN – Get Rating) last issued its earnings results on Tuesday, August 2nd. The communications equipment provider reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. The business had revenue of $188.00 million for the quarter, compared to analyst estimates of $200.00 million. Knowles had a negative net margin of 12.20% and a positive return on equity of 9.12%. As a group, equities analysts predict that Knowles will post 0.97 EPS for the current year.
About Knowles
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Knowles Corporation offers micro-acoustic microphones and balanced armature speakers, audio solutions, high performance capacitors, and radio frequency products for the consumer electronics, medtech, defense, electric vehicle, industrial, and communications markets. It operates in two segments, Audio and Precision Devices (PD).
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