Knife River Co. (NYSE:KNF) Receives $93.67 Consensus Price Target from Brokerages

Shares of Knife River Co. (NYSE:KNF) have received an average rating of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $93.67.

KNF has been the subject of several analyst reports. Oppenheimer lifted their price target 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. DA Davidson boosted their target price on Knife River from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Loop Capital dropped their price target on Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, November 5th.

Institutional Investors Weigh In On Knife River

A number of institutional investors and hedge funds have recently modified their holdings of KNF. GAMMA Investing LLC grew its stake in Knife River by 129.4% in the third quarter. GAMMA Investing LLC now owns 312 shares of the company’s stock valued at $28,000 after acquiring an additional 176 shares during the period. Huntington National Bank lifted its holdings in shares of Knife River by 586.0% during the 3rd quarter. Huntington National Bank now owns 343 shares of the company’s stock valued at $31,000 after purchasing an additional 293 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Knife River in the 2nd quarter valued at approximately $39,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Knife River during the 2nd quarter worth approximately $43,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Knife River during the 3rd quarter worth approximately $60,000. 80.11% of the stock is owned by institutional investors.

Knife River Stock Up 2.3 %

Shares of KNF opened at $97.65 on Friday. Knife River has a 12 month low of $56.86 and a 12 month high of $103.33. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 27.56, a P/E/G ratio of 2.53 and a beta of 0.74. The company has a 50-day moving average price of $91.47 and a two-hundred day moving average price of $80.11. The company has a quick ratio of 1.91, a current ratio of 2.72 and a debt-to-equity ratio of 0.46.

Knife River (NYSE:KNF) last announced its quarterly earnings results on Monday, November 4th. The company reported $2.60 EPS for the quarter, missing the consensus estimate of $2.82 by ($0.22). The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.12 billion. Knife River had a net margin of 6.89% and a return on equity of 15.22%. Knife River’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.58 EPS. Equities analysts predict that Knife River will post 3.57 EPS for the current fiscal year.

About Knife River

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.