Knowles (NYSE:KN) Given New $22.00 Price Target at Robert W. Baird

Knowles (NYSE:KN - Get Free Report) had its price target lifted by investment analysts at Robert W. Baird from $18.00 to $22.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the communications equipment provider's stock. Robert W. Baird's price target indicates a potential upside of 37.16% from the stock's previous close.

Other equities analysts also recently issued research reports about the company. StockNews.com downgraded Knowles from a "buy" rating to a "hold" rating in a research report on Thursday. Craig Hallum raised shares of Knowles from a "hold" rating to a "buy" rating and set a $17.00 target price for the company in a report on Monday, April 7th.

Knowles Trading Down 0.3 %

NYSE:KN traded down $0.05 on Friday, hitting $16.04. 734,923 shares of the stock were exchanged, compared to its average volume of 683,563. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of -6.05 and a beta of 1.41. Knowles has a 52 week low of $12.19 and a 52 week high of $20.86. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.23 and a current ratio of 1.83. The company's 50-day moving average price is $15.56 and its 200 day moving average price is $17.81.

Knowles (NYSE:KN - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The communications equipment provider reported $0.18 EPS for the quarter, meeting analysts' consensus estimates of $0.18. The company had revenue of $132.20 million during the quarter, compared to analysts' expectations of $128.95 million. Knowles had a positive return on equity of 5.52% and a negative net margin of 34.66%. Knowles's revenue was down .8% on a year-over-year basis. During the same period in the prior year, the business posted $0.18 EPS.

Institutional Trading of Knowles

A number of institutional investors have recently bought and sold shares of KN. Quadrant Capital Group LLC increased its position in Knowles by 4.3% in the 4th quarter. Quadrant Capital Group LLC now owns 14,417 shares of the communications equipment provider's stock valued at $287,000 after acquiring an additional 588 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Knowles by 46.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the communications equipment provider's stock worth $42,000 after buying an additional 669 shares during the period. Versant Capital Management Inc grew its stake in shares of Knowles by 725.6% in the 1st quarter. Versant Capital Management Inc now owns 1,643 shares of the communications equipment provider's stock valued at $25,000 after buying an additional 1,444 shares during the period. Blue Trust Inc. increased its position in Knowles by 72.4% in the 4th quarter. Blue Trust Inc. now owns 3,451 shares of the communications equipment provider's stock valued at $69,000 after buying an additional 1,449 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Knowles by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,477 shares of the communications equipment provider's stock valued at $986,000 after buying an additional 1,844 shares in the last quarter. Institutional investors own 96.35% of the company's stock.

Knowles Company Profile

Knowles Corporation offers capacitors, radio frequency (RF) filtering products, balanced armature speakers, micro-acoustic microphones, and audio solutions in Asia, the United States, Europe, other Americas, and internationally. It operates through three segments: Precision Devices (PD); Medtech & Specialty Audio (MSA); and Consumer MEMS Microphones (CMM).