Knowles (KN) Price Target Cut to $13.50 by Analysts at JPMorgan Chase

Knowles (NYSE:KN) had its price target trimmed by JPMorgan Chase from $16.00 to $13.50 in a report published on Tuesday. The firm currently has a neutral rating on the communications equipment provider’s stock.

KN has been the topic of several other reports. Zacks Investment Research downgraded Knowles from a hold rating to a sell rating in a research note on Wednesday, February 14th. ValuEngine downgraded Knowles from a hold rating to a sell rating in a research note on Monday, April 2nd. Craig Hallum reiterated a buy rating and set a $16.00 target price (down from $17.00) on shares of Knowles in a research note on Monday, April 2nd. Finally, Lake Street Capital dropped their price target on Knowles from $19.00 to $17.00 and set a buy rating on the stock in a research note on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Knowles currently has an average rating of Hold and an average target price of $17.29.

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Shares of KN opened at $11.00 on Tuesday. The company has a current ratio of 2.60, a quick ratio of 1.78 and a debt-to-equity ratio of 0.17. Knowles has a 12 month low of $10.94 and a 12 month high of $19.90. The firm has a market cap of $1,031.84, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of 1.53 and a beta of 0.87.

Knowles (NYSE:KN) last issued its earnings results on Wednesday, February 7th. The communications equipment provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.33 by $0.07. Knowles had a return on equity of 6.28% and a net margin of 8.32%. The business had revenue of $215.50 million for the quarter, compared to the consensus estimate of $221.96 million. During the same period last year, the business posted $0.32 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. equities research analysts expect that Knowles will post 0.75 earnings per share for the current year.

In other news, Director Didier Hirsch purchased 3,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were purchased at an average cost of $14.45 per share, for a total transaction of $43,350.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders bought 8,180 shares of company stock worth $114,370. Company insiders own 3.70% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Assetmark Inc. raised its holdings in Knowles by 222.6% in the 4th quarter. Assetmark Inc. now owns 8,142 shares of the communications equipment provider’s stock worth $119,000 after purchasing an additional 5,618 shares during the period. Crossmark Global Holdings Inc. bought a new position in Knowles in the 4th quarter worth $170,000. We Are One Seven LLC bought a new position in Knowles in the 4th quarter worth $203,000. Xact Kapitalforvaltning AB bought a new position in Knowles in the 4th quarter worth $209,000. Finally, Investors Research Corp bought a new position in Knowles in the 4th quarter worth $216,000.

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About Knowles

Knowles Corporation designs, manufactures, and sells micro-acoustic, audio processing, and precision device solutions to the mobile consumer electronics, industrial, defense, aerospace medical, and telecommunications markets worldwide. The company operates in two segments, Audio and Precision Devices.

Analyst Recommendations for Knowles (NYSE:KN)

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