Knife River Corporation (NYSE:KNF) Receives $96.57 Average Target Price from Brokerages

Knife River Corporation (NYSE:KNF) has earned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $95.7143.

Several equities research analysts recently weighed in on KNF shares. Royal Bank Of Canada decreased their price objective on Knife River from $115.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Wall Street Zen downgraded shares of Knife River from a “hold” rating to a “sell” rating in a research note on Sunday, January 11th. Wells Fargo & Company dropped their price target on shares of Knife River from $81.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Thursday. UBS Group raised shares of Knife River to an “overweight” rating in a report on Tuesday, November 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Knife River in a report on Thursday, January 22nd.

Knife River Stock Up 1.2%

Knife River stock opened at $69.75 on Tuesday. The firm has a 50 day moving average price of $74.91 and a 200-day moving average price of $75.71. The company has a quick ratio of 1.47, a current ratio of 2.39 and a debt-to-equity ratio of 0.73. Knife River has a twelve month low of $58.72 and a twelve month high of $106.89. The company has a market capitalization of $3.95 billion, a P/E ratio of 26.72, a P/E/G ratio of 1.16 and a beta of 0.47.

Knife River (NYSE:KNF) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $2.52 EPS for the quarter, beating the consensus estimate of $2.45 by $0.07. Knife River had a return on equity of 9.97% and a net margin of 4.87%.The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.22 billion. As a group, equities analysts predict that Knife River will post 4.11 EPS for the current year.

Institutional Trading of Knife River

Institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp grew its holdings in Knife River by 284.9% during the 1st quarter. Jones Financial Companies Lllp now owns 6,390 shares of the company’s stock valued at $576,000 after buying an additional 4,730 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Knife River in the first quarter valued at approximately $424,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Knife River by 16.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 227,565 shares of the company’s stock valued at $20,529,000 after acquiring an additional 32,762 shares in the last quarter. Campbell Newman Asset Management Inc. bought a new stake in Knife River during the 2nd quarter worth approximately $1,446,000. Finally, Hudson Value Partners LLC lifted its stake in Knife River by 0.5% in the 2nd quarter. Hudson Value Partners LLC now owns 52,943 shares of the company’s stock worth $4,322,000 after purchasing an additional 254 shares in the last quarter. Hedge funds and other institutional investors own 80.11% of the company’s stock.

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.