Raymond James downgraded Knoll (NYSE:KNL) from Outperform to Market Perform in a report released today.
- Updated: September 30, 2016
Raymond James has downgraded Knoll (NYSE:KNL) from Outperform to Market Perform in a report released on 9/30/2016.
Yesterday Knoll (NYSE:KNL) traded -0.17% lower at $23.00. The company’s 50-day moving average is $24.87 and its 200-day moving average is $23.85. The last stock close price is down -3.57% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 446,720 shares of the stock were exchanged, up from an average trading volume of 254,392
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Knoll has a 52 week low of $16.42 and a 52 week high of $26.76 with a P/E ratio of 16.08 The company’s market cap is currently $0.
In addition to Raymond James reporting its target price, a total of 2 firms have reported on the stock. The consensus target price is $25.00 with 2 firms rating the stock a strong buy, 1 firm rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Knoll (NYSE:KNL)
Knoll, Inc. is a designer and manufacturer of furnishings, textiles and leather for the workplace and home. The Company operates through three segments: Office, Studio and Coverings. The Office segment includes systems, seating, storage, tables, desks and KnollExtra ergonomic accessories, as well as the international sales of its North American Office products. The Studio segment includes its KnollStudio division, the Company's European subsidiaries, which primarily sell KnollStudio products, Richard Schultz Design and Holly Hunt Enterprises, Inc. The KnollStudio portfolio includes a range of lounge seating, side, cafe and dining chairs, and barstools. The Coverings segment includes KnollTextiles, Spinneybeck (including Filzfelt), and Edelman Leather. It offers a portfolio of furniture, textiles and leathers across five product categories: office systems; office seating; files and storage; desks, casegoods and tables, and specialty products.
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