Knife River Co. (NYSE:KNF) Given Average Rating of “Moderate Buy” by Brokerages

Knife River Co. (NYSE:KNF) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $86.60.

Separately, Oppenheimer upped their target price on shares of Knife River from $85.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, October 21st.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of KNF. GAMMA Investing LLC increased its position in Knife River by 129.4% during the third quarter. GAMMA Investing LLC now owns 312 shares of the company’s stock worth $28,000 after purchasing an additional 176 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Knife River during the 2nd quarter worth $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Knife River during the 2nd quarter worth $43,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Knife River in the 2nd quarter worth $96,000. Finally, Horan Capital Advisors LLC. acquired a new position in Knife River in the first quarter valued at $203,000. 80.11% of the stock is currently owned by hedge funds and other institutional investors.

Knife River Trading Up 1.0 %

Shares of KNF opened at $93.55 on Monday. Knife River has a 1-year low of $46.51 and a 1-year high of $95.85. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.51 and a quick ratio of 1.49. The firm has a 50 day simple moving average of $85.06 and a 200-day simple moving average of $78.09. The stock has a market cap of $5.30 billion, a price-to-earnings ratio of 26.96, a price-to-earnings-growth ratio of 2.26 and a beta of 0.82.

Knife River (NYSE:KNF) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.13. The company had revenue of $806.90 million during the quarter, compared to the consensus estimate of $803.81 million. Knife River had a return on equity of 15.73% and a net margin of 6.88%. Knife River’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.00 earnings per share. Equities analysts forecast that Knife River will post 3.72 EPS for the current fiscal year.

Knife River Company Profile

Knife River Corporation, together with its subsidiaries, provides aggregates- led construction materials and contracting services in the United States. It operates through Pacific, Northwest, Mountain, Central, and Energy Services segments. The company mines, processes, and sells construction aggregates, including crushed stone and sand, and gravel; and produces and sells asphalt and ready-mix concrete.