Knife River (NYSE:KNF) Price Target Raised to $90.00 at JPMorgan Chase & Co.

Knife River (NYSE:KNF) had its price objective boosted by JPMorgan Chase & Co. from $83.00 to $90.00 in a research note published on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other analysts also recently issued reports on the stock. B. Riley Financial assumed coverage on shares of Knife River in a report on Thursday, January 15th. They issued a “buy” rating and a $92.00 price objective on the stock. 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 note on Wednesday, February 18th. Wells Fargo & Company cut shares of Knife River from an “equal weight” rating to an “underweight” rating and boosted their price target for the stock from $75.00 to $81.00 in a research report on Wednesday, February 18th. DA Davidson raised their price objective on Knife River from $95.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Knife River in a research report on Thursday, January 22nd. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.43.

Knife River Stock Performance

KNF opened at $83.94 on Thursday. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 30.41, a P/E/G ratio of 2.02 and a beta of 0.27. The business’s 50-day moving average price is $79.26 and its two-hundred day moving average price is $75.55. Knife River has a 1 year low of $58.72 and a 1 year high of $103.18. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.54 and a quick ratio of 1.39.

Knife River (NYSE:KNF) last posted its quarterly earnings data on Tuesday, February 17th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. The business had revenue of $755.06 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the company earned $0.41 earnings per share. Equities analysts expect that Knife River will post 4.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Knife River

A number of hedge funds and other institutional investors have recently bought and sold shares of KNF. Hantz Financial Services Inc. raised its stake in 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 during the period. McMillan Office Inc. acquired a new position in shares of Knife River during the 4th quarter worth approximately $36,000. Country Trust Bank bought a new stake in Knife River in the 2nd quarter valued at $40,000. Caitong International Asset Management Co. Ltd lifted its holdings in Knife River by 1,088.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 594 shares of the company’s stock valued at $42,000 after purchasing an additional 544 shares during the last quarter. Finally, Quent Capital LLC bought a new position in Knife River during the third quarter worth $47,000. Institutional investors own 80.11% of the company’s stock.

About Knife River

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.