Knoll Rating Lowered to Outperform at Raymond James (KNL)
Knoll (NYSE: KNL) was downgraded by research analysts at Raymond James from a “strong-buy” rating to an “outperform” rating in a report released on Friday, TheFlyOnTheWall.com reports.
Shares of Knoll (NYSE: KNL) opened at 18.22 on Friday. Knoll has a 52 week low of $11.96 and a 52 week high of $18.69. The stock’s 50-day moving average is currently $17.00. The company has a market cap of $854.2 million and a P/E ratio of 17.19.
Knoll (NYSE: KNL) last issued its quarterly earnings data on Tuesday, February 5th. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.08. The company had revenue of $250.00 million for the quarter, compared to the consensus estimate of $235.63 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. On average, analysts predict that Knoll will post $0.97 earnings per share for the current fiscal year.
A number of other firms have also recently commented on KNL. Analysts at Zacks downgraded shares of Knoll from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, February 11th. They now have a $15.50 price target on the stock. Separately, analysts at BB&T downgraded shares of Knoll from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, February 6th. They now have a $16.00 price target on the stock.
Two investment analysts have rated the stock with a buy rating, and three have issued a hold rating to the company. The stock presently has an average rating of “overweight” and an average price target of $18.67.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, March 28th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Wednesday, March 13th.
Knoll, Inc. is a designer and manufacturer of workplace furnishings, textiles and fine leathers. It offers a portfolio of office furniture, textiles and leathers across five product categories: office systems, which are modular and moveable workspaces with functionally integrated panels, work surfaces, desk components, pedestal and other storage units, power and data systems and lighting; specialty products, including high image side chairs, sofas, desks and tables for the office and home, textiles, accessories, leathers and related products; seating; files and storage, and desks, case goods and tables.
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