Knowles (NYSE:KN) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Friday.

A number of other analysts have also weighed in on KN. Zacks Investment Research lowered shares of Knowles from a “buy” rating to a “hold” rating in a research report on Wednesday, December 26th. TheStreet raised shares of Knowles from a “c” rating to a “b” rating in a research report on Friday, February 8th. Robert W. Baird reissued a “buy” rating on shares of Knowles in a research report on Friday, January 11th. JPMorgan Chase & Co. set a $13.00 price objective on shares of Knowles and gave the stock a “sell” rating in a research report on Friday, January 4th. Finally, Lake Street Capital reissued a “buy” rating and issued a $17.00 price objective on shares of Knowles in a research report on Monday, January 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $16.93.

Shares of NYSE:KN opened at $17.40 on Friday. The company has a quick ratio of 1.59, a current ratio of 2.57 and a debt-to-equity ratio of 0.13. Knowles has a 12 month low of $10.94 and a 12 month high of $18.32. The stock has a market capitalization of $1.52 billion, a P/E ratio of 21.75, a price-to-earnings-growth ratio of 2.00 and a beta of 1.09.

Knowles (NYSE:KN) last announced its quarterly earnings results on Thursday, February 7th. The communications equipment provider reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.08. Knowles had a net margin of 8.19% and a return on equity of 6.08%. The firm had revenue of $223.80 million during the quarter, compared to the consensus estimate of $224.42 million. During the same quarter last year, the firm earned $0.40 EPS. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, sell-side analysts forecast that Knowles will post 0.84 earnings per share for the current year.

In related news, CEO Jeffrey Niew sold 11,629 shares of the stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $16.01, for a total value of $186,180.29. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders purchased a total of 3,099 shares of company stock worth $45,129 over the last three months. 3.70% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the company. Legal & General Group Plc increased its position in shares of Knowles by 7.4% during the third quarter. Legal & General Group Plc now owns 213,251 shares of the communications equipment provider’s stock worth $3,526,000 after acquiring an additional 14,710 shares during the period. MetLife Investment Advisors LLC increased its position in shares of Knowles by 55.2% during the third quarter. MetLife Investment Advisors LLC now owns 62,648 shares of the communications equipment provider’s stock worth $1,041,000 after acquiring an additional 22,286 shares during the period. Investors Research Corp increased its position in shares of Knowles by 5.3% during the fourth quarter. Investors Research Corp now owns 15,900 shares of the communications equipment provider’s stock worth $212,000 after acquiring an additional 800 shares during the period. Vident Investment Advisory LLC purchased a new position in shares of Knowles during the third quarter worth approximately $1,836,000. Finally, Teachers Advisors LLC increased its position in shares of Knowles by 2.3% during the third quarter. Teachers Advisors LLC now owns 166,214 shares of the communications equipment provider’s stock worth $2,762,000 after acquiring an additional 3,662 shares during the period.

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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