Knowles Corp (NYSE:KN) Receives $20.83 Consensus PT from Analysts

Shares of Knowles Corp (NYSE:KN) have received a consensus rating of “Hold” from the nine analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $20.83.

A number of equities research analysts have commented on KN shares. Zacks Investment Research lowered shares of Knowles from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. Robert W. Baird set a $22.00 target price on shares of Knowles and gave the company a “buy” rating in a research note on Thursday, September 12th. Piper Jaffray Companies set a $22.00 target price on shares of Knowles and gave the company a “hold” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. raised their target price on shares of Knowles from $17.50 to $19.00 and gave the company an “underweight” rating in a research note on Wednesday, September 18th. Finally, Craig Hallum set a $23.00 target price on shares of Knowles and gave the company a “buy” rating in a research note on Wednesday, September 18th.

NYSE:KN traded down $0.25 during mid-day trading on Thursday, reaching $21.94. 502,001 shares of the company were exchanged, compared to its average volume of 909,299. Knowles has a 12 month low of $12.20 and a 12 month high of $22.79. The company has a fifty day moving average of $21.05 and a 200 day moving average of $19.17. The company has a quick ratio of 1.75, a current ratio of 2.83 and a debt-to-equity ratio of 0.14. The stock has a market cap of $2.03 billion, a PE ratio of 27.43, a PEG ratio of 2.73 and a beta of 1.24.

Knowles (NYSE:KN) last issued its quarterly earnings data on Thursday, October 24th. The communications equipment provider reported $0.38 EPS for the quarter, hitting analysts’ consensus estimates of $0.38. Knowles had a net margin of 12.81% and a return on equity of 6.59%. The firm had revenue of $235.90 million for the quarter, compared to analyst estimates of $235.92 million. During the same quarter in the prior year, the firm earned $0.34 EPS. The company’s revenue was down .1% on a year-over-year basis. On average, equities research analysts anticipate that Knowles will post 0.83 EPS for the current fiscal year.

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In related news, insider Christian Scherp sold 25,000 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $20.93, for a total value of $523,250.00. Following the sale, the insider now directly owns 38,210 shares in the company, valued at approximately $799,735.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Cheryl L. Shavers sold 4,000 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $19.98, for a total transaction of $79,920.00. Following the completion of the sale, the director now owns 34,487 shares in the company, valued at $689,050.26. The disclosure for this sale can be found here. Insiders sold a total of 84,790 shares of company stock worth $1,817,010 in the last ninety days. Insiders own 3.70% of the company’s stock.

Several large investors have recently made changes to their positions in KN. Marshall Wace North America L.P. acquired a new stake in shares of Knowles in the 1st quarter valued at approximately $25,000. New Jersey Better Educational Savings Trust acquired a new stake in shares of Knowles in the 2nd quarter valued at approximately $220,000. AdvisorNet Financial Inc raised its position in shares of Knowles by 32.2% in the 2nd quarter. AdvisorNet Financial Inc now owns 6,697 shares of the communications equipment provider’s stock valued at $123,000 after acquiring an additional 1,630 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of Knowles by 1.7% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 35,536 shares of the communications equipment provider’s stock valued at $651,000 after acquiring an additional 600 shares during the period. Finally, CWM Advisors LLC acquired a new stake in shares of Knowles in the 2nd quarter valued at approximately $183,000. Institutional investors and hedge funds own 99.91% of the company’s stock.

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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