Knife River Corporation (NYSE:KNF) Receives $96.43 Average Price Target from Brokerages

Shares of Knife River Corporation (NYSE:KNF) have been given a consensus rating of “Moderate Buy” by the ten analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $96.4286.

A number of brokerages recently commented on KNF. UBS Group raised Knife River to an “overweight” rating in a research note on Tuesday, November 4th. DA Davidson raised their target price on shares of Knife River from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. JPMorgan Chase & Co. started coverage on shares of Knife River in a research note on Thursday, December 4th. They set a “neutral” rating and a $83.00 target price on the stock. Wells Fargo & Company cut shares of Knife River from an “equal weight” rating to an “underweight” rating and boosted their price target for the company from $75.00 to $81.00 in a research report on Wednesday, February 18th. Finally, Wall Street Zen upgraded shares of Knife River from a “sell” rating to a “hold” rating in a report on Monday.

Institutional Investors Weigh In On Knife River

Several hedge funds have recently made changes to their positions in the company. Hantz Financial Services Inc. grew its position in shares of Knife River by 141.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 341 shares of the company’s stock worth $26,000 after buying an additional 200 shares during the period. McMillan Office Inc. bought a new stake in Knife River during the fourth quarter worth about $36,000. Country Trust Bank purchased a new stake in Knife River in the second quarter worth about $40,000. Quent Capital LLC purchased a new stake in Knife River in the third quarter worth about $47,000. Finally, GHP Investment Advisors Inc. bought a new position in shares of Knife River during the second quarter valued at approximately $48,000. 80.11% of the stock is currently owned by institutional investors.

Knife River Stock Down 3.6%

NYSE KNF opened at $87.42 on Friday. Knife River has a 1 year low of $58.72 and a 1 year high of $103.18. The stock has a market capitalization of $4.95 billion, a PE ratio of 31.67, a PEG ratio of 2.09 and a beta of 0.47. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.54 and a quick ratio of 1.39. The business’s 50-day moving average is $77.01 and its 200 day moving average is $75.49.

Knife River (NYSE:KNF) last released its quarterly earnings results on Tuesday, February 17th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.15. The business had revenue of $755.06 million during the quarter, compared to analyst estimates of $726.60 million. Knife River had a return on equity of 10.27% and a net margin of 4.99%.Knife River’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.41 EPS. Sell-side analysts forecast that Knife River will post 4.11 earnings per share for the current year.

Knife River Company Profile

Knife River Corporation, headquartered in Bismarck, North Dakota, is a leading integrated construction materials and contracting company in the western United States. The company specializes in producing and supplying aggregates, asphalt mix, ready-mixed concrete and other heavy construction materials used in highway, commercial and residential projects.

In addition to material production, Knife River offers a comprehensive suite of contracting services, including heavy civil construction, road building, underground and open-pit mining and logistics support.