Knife River (NYSE:KNF) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Knife River (NYSE:KNF) from a sell rating to a hold rating in a research report released on Saturday morning.

Other research analysts have also issued research reports about the company. DA Davidson reduced their price target on Knife River from $105.00 to $95.00 and set a “buy” rating for the company in a research report on Wednesday, October 1st. Oppenheimer lowered their price target on Knife River from $120.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. Wells Fargo & Company raised shares of Knife River from an “equal weight” rating to an “overweight” rating and set a $75.00 price objective for the company in a report on Tuesday, November 4th. UBS Group upgraded shares of Knife River to an “overweight” rating in a research report on Tuesday, November 4th. Finally, Royal Bank Of Canada lowered their target price on shares of Knife River from $115.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $99.00.

Knife River Trading Up 1.1%

Knife River stock opened at $71.79 on Friday. Knife River has a 52-week low of $58.72 and a 52-week high of $108.83. The company has a quick ratio of 1.47, a current ratio of 2.39 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 27.50, a PEG ratio of 1.45 and a beta of 0.53. The firm has a 50-day moving average price of $70.94 and a two-hundred day moving average price of $81.78.

Knife River (NYSE:KNF) last released its quarterly earnings results on Tuesday, November 4th. The company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.07. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Knife River had a return on equity of 9.97% and a net margin of 4.87%. Knife River has set its FY 2025 guidance at EPS. Sell-side analysts expect that Knife River will post 4.11 earnings per share for the current year.

Hedge Funds Weigh In On Knife River

Several hedge funds have recently made changes to their positions in the business. Hantz Financial Services Inc. increased its holdings in shares of Knife River by 141.8% in the third quarter. Hantz Financial Services Inc. now owns 341 shares of the company’s stock valued at $26,000 after buying an additional 200 shares in the last quarter. Brooklyn Investment Group grew its holdings in shares of Knife River by 31,200.0% in the 1st quarter. Brooklyn Investment Group now owns 313 shares of the company’s stock worth $28,000 after acquiring an additional 312 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Knife River during the first quarter worth $35,000. Country Trust Bank purchased a new stake in shares of Knife River during the second quarter valued at $40,000. Finally, Quent Capital LLC acquired a new position in shares of Knife River in the 3rd quarter valued at $47,000. Institutional investors and hedge funds own 80.11% of the company’s stock.

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.