Knowles Corporation (KN) Rating Lowered to Hold at BidaskClub
BidaskClub lowered shares of Knowles Corporation (NYSE:KN) from a buy rating to a hold rating in a report released on Wednesday.
KN has been the subject of several other reports. Dougherty & Co began coverage on shares of Knowles Corporation in a research note on Thursday, June 8th. They set a buy rating and a $22.00 price objective for the company. Zacks Investment Research lowered shares of Knowles Corporation from a buy rating to a hold rating in a research note on Tuesday, April 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $17.86.
Knowles Corporation (NYSE KN) opened at 17.62 on Wednesday. The stock’s market cap is $1.57 billion. The company’s 50-day moving average is $17.72 and its 200 day moving average is $17.98. Knowles Corporation has a 52 week low of $12.57 and a 52 week high of $19.90.
Knowles Corporation (NYSE:KN) last posted its quarterly earnings data on Wednesday, April 26th. The communications equipment provider reported $0.08 EPS for the quarter, missing the consensus estimate of $0.11 by $0.03. The firm had revenue of $193.70 million for the quarter, compared to analysts’ expectations of $190 million. Knowles Corporation had a positive return on equity of 6.69% and a negative net margin of 1.86%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.08 earnings per share. On average, analysts expect that Knowles Corporation will post $1.00 earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. Acrospire Investment Management LLC raised its position in Knowles Corporation by 94.8% in the first quarter. Acrospire Investment Management LLC now owns 5,301 shares of the communications equipment provider’s stock valued at $100,000 after buying an additional 2,580 shares during the last quarter. Glassman Wealth Services raised its position in Knowles Corporation by 5,271.6% in the fourth quarter. Glassman Wealth Services now owns 10,206 shares of the communications equipment provider’s stock valued at $171,000 after buying an additional 10,016 shares during the last quarter. Bank of Montreal Can raised its position in Knowles Corporation by 6.6% in the first quarter. Bank of Montreal Can now owns 9,048 shares of the communications equipment provider’s stock valued at $172,000 after buying an additional 562 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Knowles Corporation by 31.5% in the first quarter. Canada Pension Plan Investment Board now owns 9,600 shares of the communications equipment provider’s stock valued at $182,000 after buying an additional 2,300 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Knowles Corporation during the fourth quarter valued at approximately $187,000.
Knowles Corporation 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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