Kornit Digital (NASDAQ:KRNT) Rating Reiterated by Stifel Nicolaus

Share on StockTwits

Kornit Digital (NASDAQ:KRNT)‘s stock had its “buy” rating reissued by investment analysts at Stifel Nicolaus in a research report issued on Friday, AnalystRatings.com reports. They presently have a $47.00 target price on the industrial products company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 57.35% from the company’s previous close.

Several other equities analysts have also commented on KRNT. Craig Hallum upped their price objective on shares of Kornit Digital from $35.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Needham & Company LLC decreased their price objective on shares of Kornit Digital from $45.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday, March 18th. ValuEngine lowered shares of Kornit Digital from a “buy” rating to a “hold” rating in a report on Tuesday, December 3rd. Zacks Investment Research lowered shares of Kornit Digital from a “hold” rating to a “sell” rating in a report on Tuesday, February 18th. Finally, BidaskClub lowered shares of Kornit Digital from a “strong-buy” rating to a “buy” rating in a report on Friday, March 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $42.00.

NASDAQ:KRNT opened at $29.87 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.56 and a quick ratio of 4.55. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 248.92 and a beta of 1.02. The company’s 50-day moving average is $37.73 and its two-hundred day moving average is $35.11. Kornit Digital has a 1-year low of $22.17 and a 1-year high of $45.21.

Kornit Digital (NASDAQ:KRNT) last issued its quarterly earnings data on Tuesday, February 11th. The industrial products company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. Kornit Digital had a net margin of 3.18% and a return on equity of 3.02%. The firm had revenue of $48.65 million for the quarter, compared to analyst estimates of $48.49 million. As a group, equities analysts anticipate that Kornit Digital will post 0.54 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of KRNT. Artisan Partners Limited Partnership increased its stake in Kornit Digital by 54.3% during the 4th quarter. Artisan Partners Limited Partnership now owns 508,770 shares of the industrial products company’s stock worth $17,415,000 after buying an additional 179,110 shares during the period. Standard Life Aberdeen plc increased its stake in Kornit Digital by 15.2% during the 4th quarter. Standard Life Aberdeen plc now owns 1,325,928 shares of the industrial products company’s stock worth $45,347,000 after buying an additional 174,782 shares during the period. FMR LLC increased its stake in Kornit Digital by 861.1% during the 4th quarter. FMR LLC now owns 157,339 shares of the industrial products company’s stock worth $5,386,000 after buying an additional 140,969 shares during the period. Madison Asset Management LLC purchased a new stake in Kornit Digital during the 4th quarter worth approximately $4,788,000. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in Kornit Digital by 8.4% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,750,045 shares of the industrial products company’s stock worth $59,904,000 after buying an additional 135,000 shares during the period. Hedge funds and other institutional investors own 88.41% of the company’s stock.

About Kornit Digital

Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry. The company's solutions include digital printing systems, ink and other consumables, associated software, and value added services. It offers direct-to-garment printing systems from smaller industrial operators to mass producers; NeoPigment ink and other consumables; QuickP designer software; and value added services, such as maintenance and support, and professional services.

Recommended Story: Why are percentage gainers important?

Receive News & Ratings for Kornit Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kornit Digital and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Nuveen Asset Management LLC Has $48.56 Million Stake in Discovery Communications Inc.
Nuveen Asset Management LLC Has $48.56 Million Stake in Discovery Communications Inc.
Norges Bank Makes New Investment in Charles River Laboratories Intl. Inc
Norges Bank Makes New Investment in Charles River Laboratories Intl. Inc
Macquarie Group Ltd. Has $9.21 Million Stock Position in HCA Healthcare Inc
Macquarie Group Ltd. Has $9.21 Million Stock Position in HCA Healthcare Inc
Cardiovascular Systems  Given New $54.00 Price Target at Lake Street Capital
Cardiovascular Systems Given New $54.00 Price Target at Lake Street Capital
Janus Henderson Group PLC Buys New Stake in Associated Banc Corp
Janus Henderson Group PLC Buys New Stake in Associated Banc Corp
Brunswick Co.  Shares Purchased by Nuveen Asset Management LLC
Brunswick Co. Shares Purchased by Nuveen Asset Management LLC


© 2006-2020 Ticker Report