CFRA lifts Knoll Inc. [KNL] price estimate. Who else is bullish?

Knoll Inc. [NYSE: KNL] gained 35.23% or 6.07 points to close at $23.30 with a heavy trading volume of 27974199 shares. The company report on April 20, 2021 that KNOLL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Knoll Inc. – KNL.

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Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Knoll Inc. (NYSE: KNL) to Herman Miller, Inc. (NasdaqGS: MLHR). Under the terms of the proposed transaction, shareholders of Knoll will receive only $11.00 in cash and 0.32 shares of Herman Miller for each share of Knoll that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nyse-knl/ to learn more.

It opened the trading session at $22.60, the shares rose to $23.46 and dropped to $22.57, the range by which the price of stock traded the whole day. The daily chart for KNL points out that the company has recorded 84.04% gains over the past six months. However, it is still -168.74% lower than its most recent low trading price.

If we look at the average trading volume of 278.71K shares, KNL reached to a volume of 27974199 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Knoll Inc. [KNL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KNL shares is $15.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on KNL stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

CFRA have made an estimate for Knoll Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on February 19, 2020. The new note on the price target was released on October 07, 2019, representing the official price target for Knoll Inc. stock. Previously, the target price had yet another raise from $23 to $26, while Raymond James kept a Strong Buy rating on KNL stock.

The Average True Range (ATR) for Knoll Inc. is set at 0.97, with the Price to Sales ratio for KNL stock in the period of the last 12 months amounting to 0.94. The Price to Book ratio for the last quarter was 2.56, with the Price to Cash per share for the same quarter was set at 0.75. Price to Free Cash Flow for KNL in the course of the last twelve months was 2326.27 with Quick ratio for the last quarter at 0.70.

Trading performance analysis for KNL stock

Knoll Inc. [KNL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 38.77. With this latest performance, KNL shares gained by 30.75% in over the last four-week period, additionally plugging by 84.04% over the last 6 months – not to mention a rise of 139.22% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for KNL stock in for the last two-week period is set at 82.10, with the RSI for the last a single of trading hit 88.57, and the three-weeks RSI is set at 76.84 for Knoll Inc. [KNL]. The present Moving Average for the last 50 days of trading for this stock 16.98, while it was recorded at 18.19 for the last single week of trading, and 14.24 for the last 200 days.

Knoll Inc. [KNL]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Knoll Inc. [KNL] shares currently have an operating margin of +5.56 and a Gross Margin at +35.92. Knoll Inc.’s Net Margin is presently recorded at +0.62.

Return on Total Capital for KNL is now 6.63, given the latest momentum, and Return on Invested Capital for the company is 0.77. Return on Equity for this stock inclined to 1.48, with Return on Assets sitting at 0.55. When it comes to the capital structure of this company, Knoll Inc. [KNL] has a Total Debt to Total Equity ratio set at 78.02. Additionally, KNL Total Debt to Total Capital is recorded at 43.83, with Total Debt to Total Assets ending up at 32.91. Long-Term Debt to Equity for the company is recorded at 97.45, with the Long-Term Debt to Total Capital now at 40.00.

Reflecting on the efficiency of the workforce at the company, Knoll Inc. [KNL] managed to generate an average of $2,498 per employee. Receivables Turnover for the company is 12.96 with a Total Asset Turnover recorded at a value of 0.88.Knoll Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.40.

Knoll Inc. [KNL]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Knoll Inc. posted 0.4/share EPS, while the average EPS was predicted by analysts to be reported at 0.34/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 17.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for KNL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Knoll Inc. go to 14.00%.

An analysis of insider ownership at Knoll Inc. [KNL]

There are presently around $759 million, or 88.60% of KNL stock, in the hands of institutional investors. The top three institutional holders of KNL stocks are: FMR LLC with ownership of 7,170,340, which is approximately 1.462% of the company’s market cap and around 2.60% of the total institutional ownership; VANGUARD GROUP INC, holding 4,556,576 shares of the stock with an approximate value of $78.51 million in KNL stocks shares; and BLACKROCK INC., currently with $62.58 million in KNL stock with ownership of nearly 6.945% of the company’s market capitalization.

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Positions in Knoll Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 67 institutional holders increased their position in Knoll Inc. [NYSE:KNL] by around 3,836,432 shares. Additionally, 61 investors decreased positions by around 4,319,070 shares, while 23 investors held positions by with 35,887,093 shares. The mentioned changes placed institutional holdings at 44,042,595 shares, according to the latest SEC report filing. KNL stock had 24 new institutional investments in for a total of 982,836 shares, while 15 institutional investors sold positions of 961,307 shares during the same period.

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