Knowles (NYSE:KN)‘s stock had its “buy” rating reaffirmed by research analysts at Craig Hallum in a note issued to investors on Thursday, Briefing.com Automated Import reports. They currently have a $22.00 price objective on the communications equipment provider’s stock, up from their previous price objective of $18.00. Craig Hallum’s price objective would suggest a potential upside of 19.11% from the stock’s previous close.

A number of other research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Knowles from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. set a $15.00 target price on shares of Knowles and gave the company a “sell” rating in a research report on Tuesday, April 2nd. ValuEngine upgraded shares of Knowles from a “hold” rating to a “buy” rating in a research report on Friday, March 15th. TheStreet upgraded shares of Knowles from a “c” rating to a “b” rating in a research report on Friday, February 8th. Finally, Lake Street Capital downgraded shares of Knowles from a “buy” rating to a “hold” rating and set a $17.00 price target on the stock. in a research report on Friday, February 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $17.79.

Shares of NYSE:KN opened at $18.47 on Thursday. Knowles has a 12 month low of $10.96 and a 12 month high of $19.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.59 and a current ratio of 2.57. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 23.09, a P/E/G ratio of 2.20 and a beta of 1.10.

Knowles (NYSE:KN) last issued its quarterly earnings data on Wednesday, April 24th. The communications equipment provider reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. Knowles had a net margin of 8.19% and a return on equity of 6.08%. The firm had revenue of $179.80 million for the quarter, compared to analyst estimates of $175.00 million. During the same quarter in the prior year, the firm earned $0.11 EPS. The company’s revenue was up .7% on a year-over-year basis. Analysts expect that Knowles will post 0.84 earnings per share for the current fiscal year.

In related news, CEO Jeffrey Niew sold 11,629 shares of the stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $16.01, for a total value of $186,180.29. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders purchased a total of 2,739 shares of company stock worth $45,128 over the last quarter. 3.70% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the stock. CWM LLC increased its stake in Knowles by 6.4% during the 1st quarter. CWM LLC now owns 578,015 shares of the communications equipment provider’s stock worth $10,190,000 after purchasing an additional 34,540 shares in the last quarter. First Bank & Trust grew its stake in shares of Knowles by 26.3% during the 1st quarter. First Bank & Trust now owns 10,748 shares of the communications equipment provider’s stock worth $189,000 after acquiring an additional 2,236 shares in the last quarter. Selz Capital LLC bought a new position in shares of Knowles during the 1st quarter worth approximately $176,000. Peregrine Capital Management LLC bought a new position in shares of Knowles during the 1st quarter worth approximately $10,748,000. Finally, We Are One Seven LLC grew its stake in shares of Knowles by 101.2% during the 1st quarter. We Are One Seven LLC now owns 27,261 shares of the communications equipment provider’s stock worth $480,000 after acquiring an additional 13,710 shares in the last quarter.

About Knowles

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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