Knife River Corporation (NYSE:KNF) Receives Consensus Rating of “Moderate Buy” from Brokerages

Knife River Corporation (NYSE:KNF) has been given a consensus rating of “Moderate Buy” by the ten research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $97.2857.

A number of research analysts recently issued reports on KNF shares. JPMorgan Chase & Co. lifted their price target on shares of Knife River from $90.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada lifted their price target on shares of Knife River from $106.00 to $109.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. DA Davidson lifted their price target on shares of Knife River from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Wells Fargo & Company lowered their price target on shares of Knife River from $81.00 to $80.00 and set an “underweight” rating for the company in a research report on Wednesday, April 15th. Finally, Oppenheimer started coverage on shares of Knife River in a research report on Thursday, May 28th. They set an “outperform” rating and a $95.00 price target for the company.

Knife River Trading Down 0.1%

Shares of KNF opened at $74.12 on Monday. The firm’s 50-day moving average price is $81.81 and its 200-day moving average price is $79.35. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 28.84, a PEG ratio of 1.33 and a beta of 0.40. The company has a current ratio of 2.67, a quick ratio of 1.31 and a debt-to-equity ratio of 0.91. Knife River has a 1-year low of $58.72 and a 1-year high of $95.29.

Knife River (NYSE:KNF) last announced its earnings results on Tuesday, May 5th. The company reported ($1.40) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.42) by $0.02. The firm had revenue of $410.13 million for the quarter, compared to analyst estimates of $387.06 million. Knife River had a net margin of 4.58% and a return on equity of 9.35%. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.21) EPS. Sell-side analysts anticipate that Knife River will post 3.32 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Hantz Financial Services Inc. lifted its position in Knife River by 141.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 341 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares during the period. McMillan Office Inc. purchased a new position in Knife River in the fourth quarter worth about $36,000. Caitong International Asset Management Co. Ltd raised its holdings in Knife River by 1,088.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 594 shares of the company’s stock worth $42,000 after buying an additional 544 shares during the last quarter. GAMMA Investing LLC raised its holdings in Knife River by 34.8% in the fourth quarter. GAMMA Investing LLC now owns 685 shares of the company’s stock worth $48,000 after buying an additional 177 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in Knife River by 124.5% in the third quarter. UMB Bank n.a. now owns 743 shares of the company’s stock worth $57,000 after buying an additional 412 shares during the last quarter. 80.11% of the stock is owned by hedge funds and other institutional investors.

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.