Knowles Corp. (KN) Upgraded at Robert W. Baird
Robert W. Baird upgraded shares of Knowles Corp. (NYSE:KN) from a neutral rating to an outperform rating in a research note issued to investors on Monday morning. They currently have $20.00 price objective on the stock, up from their prior price objective of $17.00.
A number of other research analysts have also recently issued reports on KN. Zacks Investment Research raised shares of Knowles Corp. from a hold rating to a buy rating and set a $15.00 target price for the company in a report on Friday, July 29th. JPMorgan Chase & Co. started coverage on shares of Knowles Corp. in a report on Tuesday, September 6th. They issued a neutral rating and a $15.00 target price for the company. Susquehanna started coverage on shares of Knowles Corp. in a report on Tuesday, September 20th. They issued a negative rating and a $12.00 target price for the company. Finally, Roth Capital started coverage on shares of Knowles Corp. in a report on Thursday, September 29th. They issued a buy rating and a $16.00 target price for the company. Two analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $16.73.
Knowles Corp. (NYSE:KN) opened at 15.92 on Monday. The firm’s market capitalization is $1.41 billion. Knowles Corp. has a one year low of $9.68 and a one year high of $17.10. The stock’s 50 day moving average price is $14.66 and its 200 day moving average price is $14.26.
Knowles Corp. (NYSE:KN) last issued its earnings results on Monday, October 24th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.07. Knowles Corp. had a negative net margin of 26.75% and a positive return on equity of 6.11%. The company earned $243.10 million during the quarter, compared to analysts’ expectations of $233.11 million. During the same period last year, the company posted $0.16 earnings per share. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. Analysts expect that Knowles Corp. will post $0.90 EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Pinkerton Retirement Specialists LLC acquired a new position in Knowles Corp. during the second quarter valued at approximately $114,000. Public Employees Retirement System of Ohio raised its position in Knowles Corp. by 11.6% in the second quarter. Public Employees Retirement System of Ohio now owns 9,555 shares of the company’s stock valued at $131,000 after buying an additional 994 shares during the period. Bluestein R H & Co. acquired a new position in Knowles Corp. during the second quarter valued at approximately $137,000. Fox Run Management L.L.C. acquired a new position in Knowles Corp. during the second quarter valued at approximately $138,000. Finally, Bbva Compass Bancshares Inc. acquired a new position in Knowles Corp. during the third quarter valued at approximately $151,000.
About Knowles Corp.
Knowles Corporation is a supplier of advanced micro-acoustic, audio processing and specialty component solutions, serving the mobile consumer electronics, communications, medical, military, aerospace and industrial markets. It uses micro-electro-mechanical systems (MEMS) microphones and audio processing technologies to optimize audio systems and develop the user experience in smartphones, tablets and wearables.
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