Knowles Corp (NYSE:KN) has been assigned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $18.30.
Several equities analysts recently issued reports on KN shares. Zacks Investment Research downgraded Knowles from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. Lake Street Capital reissued a “buy” rating and issued a $20.00 target price on shares of Knowles in a research report on Monday, November 20th. Piper Jaffray Companies started coverage on Knowles in a research report on Wednesday, December 20th. They issued a “neutral” rating and a $15.50 target price on the stock. Finally, Craig Hallum reissued a “buy” rating and issued a $17.00 target price (down from $20.00) on shares of Knowles in a research report on Thursday, February 8th.
Shares of Knowles (NYSE:KN) traded up $0.04 during mid-day trading on Tuesday, hitting $14.55. The stock had a trading volume of 517,821 shares, compared to its average volume of 1,170,753. The firm has a market capitalization of $1,302.11, a P/E ratio of 19.66, a PEG ratio of 1.93 and a beta of 0.78. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.78 and a current ratio of 2.60. Knowles has a 1-year low of $13.10 and a 1-year high of $19.90.
In other news, Director Didier Hirsch bought 3,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were purchased at an average cost of $14.45 per share, with a total value of $43,350.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders purchased 7,947 shares of company stock worth $114,724. 2.20% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Xact Kapitalforvaltning AB acquired a new stake in Knowles during the 4th quarter worth about $209,000. We Are One Seven LLC acquired a new stake in Knowles during the 4th quarter worth about $203,000. MetLife Investment Advisors LLC acquired a new stake in Knowles during the 4th quarter worth about $1,461,000. Jane Street Group LLC acquired a new stake in Knowles during the 4th quarter worth about $276,000. Finally, Paloma Partners Management Co grew its position in Knowles by 234.4% during the 4th quarter. Paloma Partners Management Co now owns 81,129 shares of the communications equipment provider’s stock worth $1,189,000 after purchasing an additional 56,867 shares during the period.
Knowles Company Profile
Knowles Corporation is a global supplier of micro-acoustic, audio processing and specialty component solutions, serving the mobile consumer electronics, communications, medical, military, aerospace and industrial markets. The Company operates through two segments: Mobile Consumer Electronics (MCE) and Specialty Components (SC).
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