Kornit Digital (KRNT) Given a $25.00 Price Target at Craig Hallum

Share on StockTwits

Kornit Digital (NASDAQ:KRNT) has been assigned a $25.00 price objective by stock analysts at Craig Hallum in a research note issued to investors on Thursday. The firm currently has a “buy” rating on the industrial products company’s stock. Craig Hallum’s price objective would suggest a potential upside of 12.41% from the stock’s current price.

A number of other brokerages also recently commented on KRNT. BidaskClub downgraded Kornit Digital from a “hold” rating to a “sell” rating in a research note on Wednesday, December 12th. Zacks Investment Research downgraded Kornit Digital from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th. TheStreet upgraded Kornit Digital from a “c+” rating to a “b” rating in a research note on Wednesday, November 14th. Finally, ValuEngine upgraded Kornit Digital from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 13th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Kornit Digital presently has a consensus rating of “Buy” and a consensus price target of $22.86.

Shares of NASDAQ KRNT opened at $22.24 on Thursday. Kornit Digital has a one year low of $11.70 and a one year high of $23.90. The stock has a market capitalization of $733.64 million, a price-to-earnings ratio of 106.60 and a beta of 0.92.

Kornit Digital (NASDAQ:KRNT) last issued its earnings results on Tuesday, February 12th. The industrial products company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). Kornit Digital had a net margin of 3.78% and a return on equity of 4.53%. The firm had revenue of $37.80 million during the quarter, compared to analysts’ expectations of $38.11 million. During the same quarter last year, the firm earned $0.04 EPS. The business’s revenue for the quarter was up 26.0% compared to the same quarter last year. As a group, equities research analysts forecast that Kornit Digital will post 0.27 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC boosted its stake in shares of Kornit Digital by 36.6% during the 3rd quarter. CWM LLC now owns 247,727 shares of the industrial products company’s stock worth $5,425,000 after acquiring an additional 66,325 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Kornit Digital during the 3rd quarter worth about $339,000. LA Financiere DE L Echiquier boosted its stake in shares of Kornit Digital by 20.8% during the 3rd quarter. LA Financiere DE L Echiquier now owns 627,944 shares of the industrial products company’s stock worth $13,752,000 after acquiring an additional 107,944 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Kornit Digital by 6.3% during the 3rd quarter. BlackRock Inc. now owns 410,780 shares of the industrial products company’s stock worth $8,996,000 after acquiring an additional 24,282 shares in the last quarter. Finally, ETF Managers Group LLC boosted its stake in shares of Kornit Digital by 4.8% during the 4th quarter. ETF Managers Group LLC now owns 30,835 shares of the industrial products company’s stock worth $577,000 after acquiring an additional 1,411 shares in the last quarter. Institutional investors own 87.65% of the company’s stock.

Kornit Digital Company Profile

Kornit Digital Ltd. develops, manufactures, and markets industrial digital printing technologies for the garment, apparel, and textile industries. The company focuses on the direct-to-garment and roll-to-roll segments of the printed textile industry. Its solutions include digital printing systems, ink and other consumables, associated software, and value added services.

Further Reading: Why investors pay attention to retained earnings

Analyst Recommendations for Kornit Digital (NASDAQ:KRNT)

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

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2019 BBNS.