Lake Street Capital upgraded shares of Knowles (NYSE:KN) from a hold rating to a buy rating in a research note issued to investors on Thursday, The Fly reports. They currently have $17.00 price objective on the communications equipment provider’s stock.

Several other research analysts also recently commented on KN. Susquehanna Bancshares reduced their price objective on Knowles from $21.00 to $19.00 and set a positive rating for the company in a research note on Thursday, April 9th. Craig Hallum lowered their price target on Knowles from $21.00 to $19.00 and set a buy rating for the company in a report on Tuesday, May 5th. Finally, Roth Capital lowered their price target on Knowles from $23.00 to $20.00 in a report on Tuesday, April 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. Knowles currently has an average rating of Buy and a consensus price target of $20.13.

Shares of KN stock traded down $0.56 during trading hours on Thursday, reaching $15.26. 1,096,017 shares of the company’s stock were exchanged, compared to its average volume of 629,462. Knowles has a 1 year low of $11.10 and a 1 year high of $22.79. The stock has a market cap of $1.40 billion, a PE ratio of 89.76, a PEG ratio of 4.07 and a beta of 1.35. The company has a current ratio of 1.91, a quick ratio of 2.12 and a debt-to-equity ratio of 0.15. The stock’s fifty day moving average price is $15.18 and its two-hundred day moving average price is $15.75.

Knowles (NYSE:KN) last released its quarterly earnings data on Wednesday, July 29th. The communications equipment provider reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. Knowles had a return on equity of 4.46% and a net margin of 2.20%. The business had revenue of $152.20 million for the quarter, compared to analyst estimates of $145.41 million. During the same quarter in the prior year, the firm posted $0.22 EPS. The business’s quarterly revenue was down 25.8% compared to the same quarter last year. On average, equities analysts expect that Knowles will post 0.38 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp boosted its stake in shares of Knowles by 6.3% in the first quarter. State Street Corp now owns 2,629,485 shares of the communications equipment provider’s stock valued at $35,183,000 after buying an additional 156,917 shares in the last quarter. Aristotle Capital Boston LLC raised its holdings in shares of Knowles by 2.4% during the first quarter. Aristotle Capital Boston LLC now owns 2,400,360 shares of the communications equipment provider’s stock worth $32,117,000 after acquiring an additional 56,840 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Knowles by 110.1% during the first quarter. Fisher Asset Management LLC now owns 2,132,366 shares of the communications equipment provider’s stock worth $28,531,000 after acquiring an additional 1,117,546 shares in the last quarter. William Blair Investment Management LLC raised its holdings in shares of Knowles by 26.8% during the first quarter. William Blair Investment Management LLC now owns 1,453,500 shares of the communications equipment provider’s stock worth $19,448,000 after acquiring an additional 306,930 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Knowles by 56.4% during the first quarter. Victory Capital Management Inc. now owns 1,418,972 shares of the communications equipment provider’s stock worth $18,986,000 after acquiring an additional 511,776 shares in the last quarter. 97.34% of the stock is currently owned by institutional investors.

Knowles Company Profile

Knowles Corporation designs, manufactures, and sells micro-acoustic, audio processing, and precision device solutions for the mobile consumer electronics, communications, medical, defense, aerospace, and industrial markets worldwide. It operates in two segments, Audio and Precision Devices (PD). The Audio segment designs and manufactures audio products, including microphones and balanced armature speakers, audio processors, and software and algorithms used in applications that serve the mobile, ear, and Internet of Things markets.

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Analyst Recommendations for Knowles (NYSE:KN)

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