In a report released today, Christopher Rolland from Susquehanna reiterated a Buy rating on Knowles (KN), with a price target of $24.00. The company’s shares closed last Thursday at $20.32, close to its 52-week high of $20.60.
According to TipRanks.com, Rolland is a top 100 analyst with an average return of 22.3% and a 74.8% success rate. Rolland covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Raytheon Technologies, and NXP Semiconductors.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Knowles with a $21.33 average price target.
See today’s analyst top recommended stocks >>
Based on Knowles’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $206 million and net profit of $5.6 million. In comparison, last year the company earned revenue of $236 million and had a net profit of $25.4 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Knowles Corp. supplies advanced micro-acoustic, audio processing and precision device solutions. It operates through the following segments: Audio and Precision Devices. The Audio segment includes analog and digital micro-electro-mechanical systems microphones, electret condenser microphones, smart microphones, ultrasonic sensors, acoustic processors and balanced armature speakers. The Precision Devices segment offers ceramic capacitors, electromagnetic interference filters, capacitors, single layer capacitors, precision variable capacitors, and thin film devices across diverse end markets, such as industrial, defense, aerospace, medical, and telecommunications markets. The company was founded by Hugh Knowles in 1946 and is headquartered in Itasca, IL.
