Knowles (NYSE:KN) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Knowles (NYSE:KN) from a hold rating to a buy rating in a research note issued to investors on Monday.

Several other brokerages also recently weighed in on KN. Susquehanna cut their price target on Knowles from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Craig Hallum cut shares of Knowles from a “buy” rating to a “hold” rating and set a $17.00 price target on the stock. in a research report on Friday.

Knowles Trading Up 0.6 %

NYSE:KN opened at $18.36 on Monday. The firm has a market cap of $1.62 billion, a PE ratio of -7.84 and a beta of 1.42. The company has a current ratio of 2.35, a quick ratio of 1.67 and a debt-to-equity ratio of 0.23. The stock has a fifty day moving average price of $19.54 and a 200 day moving average price of $18.48. Knowles has a 12-month low of $15.00 and a 12-month high of $20.85.

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

Institutional Investors Weigh In On Knowles

Institutional investors have recently modified their holdings of the stock. Blue Trust Inc. boosted its position in shares of Knowles by 114.6% during the 3rd quarter. Blue Trust Inc. now owns 2,002 shares of the communications equipment provider’s stock valued at $35,000 after acquiring an additional 1,069 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Knowles by 46.9% during the fourth 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 last quarter. Meeder Asset Management Inc. bought a new stake in Knowles in the third quarter valued at approximately $52,000. Sterling Capital Management LLC increased its stake in Knowles by 835.5% in the fourth quarter. Sterling Capital Management LLC now owns 2,741 shares of the communications equipment provider’s stock valued at $55,000 after purchasing an additional 2,448 shares in the last quarter. Finally, CWM LLC increased its stake in Knowles by 20.0% in the third quarter. CWM LLC now owns 3,643 shares of the communications equipment provider’s stock valued at $66,000 after purchasing an additional 607 shares in the last quarter. Institutional investors and hedge funds own 96.35% of the company’s stock.

About Knowles

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).