ValuEngine cut shares of Knoll (NYSE:KNL) from a buy rating to a hold rating in a research report released on Friday morning.

KNL has been the topic of a number of other reports. TheStreet raised shares of Knoll from a c+ rating to a b- rating in a report on Friday, November 17th. Zacks Investment Research raised shares of Knoll from a hold rating to a buy rating and set a $26.00 price objective on the stock in a report on Tuesday, January 16th. Finally, Raymond James Financial raised shares of Knoll from an outperform rating to a strong-buy rating and boosted their price objective for the company from $23.00 to $26.00 in a report on Tuesday, December 26th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $26.67.

Shares of Knoll (NYSE KNL) traded down $0.52 on Friday, hitting $22.16. 186,176 shares of the stock were exchanged, compared to its average volume of 225,970. The stock has a market capitalization of $1,119.26, a price-to-earnings ratio of 15.83 and a beta of 0.98. The company has a quick ratio of 0.62, a current ratio of 1.31 and a debt-to-equity ratio of 0.61. Knoll has a 12-month low of $16.57 and a 12-month high of $27.34.

Several institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC grew its holdings in shares of Knoll by 28.1% during the second quarter. FMR LLC now owns 4,036,259 shares of the business services provider’s stock valued at $80,927,000 after buying an additional 884,982 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Knoll by 3.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,992,197 shares of the business services provider’s stock valued at $39,844,000 after purchasing an additional 68,154 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Knoll by 3.2% in the third quarter. Bank of New York Mellon Corp now owns 1,904,661 shares of the business services provider’s stock valued at $38,093,000 after purchasing an additional 58,169 shares during the last quarter. Macquarie Group Ltd. boosted its holdings in Knoll by 29.5% in the third quarter. Macquarie Group Ltd. now owns 1,795,464 shares of the business services provider’s stock valued at $35,909,000 after purchasing an additional 409,142 shares during the last quarter. Finally, State Street Corp boosted its holdings in Knoll by 5.1% in the second quarter. State Street Corp now owns 917,266 shares of the business services provider’s stock valued at $18,386,000 after purchasing an additional 44,520 shares during the last quarter. 90.52% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: “ValuEngine Lowers Knoll (KNL) to Hold” was reported by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at https://www.watchlistnews.com/valuengine-lowers-knoll-knl-to-hold/1842150.html.

Knoll Company Profile

Knoll, Inc is a manufacturer of commercial and residential furniture, accessories and coverings. The Company operates through three segments: Office, Studio and Coverings. The Office segment includes a range of workplace products that address workplace planning paradigms. These products include systems furniture, seating, storage, tables, desks and KnollExtra accessories, as well as the international sales of its North American Office products.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Knoll Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knoll and related companies with MarketBeat.com's FREE daily email newsletter.