Knife River Corporation (NYSE:KNF) Given Consensus Recommendation of "Buy" by Analysts

Shares of Knife River Corporation (NYSE:KNF - Get Free Report) have been given an average rating of "Buy" by the six analysts that are covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $117.17.

A number of research analysts have recently commented on the company. Royal Bank Of Canada assumed coverage on Knife River in a research note on Monday. They issued an "outperform" rating and a $129.00 target price for the company. DA Davidson lowered their target price on Knife River from $125.00 to $120.00 and set a "buy" rating for the company in a research note on Tuesday, June 10th. Finally, Wells Fargo & Company raised their target price on Knife River from $102.00 to $114.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Opal Wealth Advisors LLC purchased a new stake in Knife River in the first quarter worth approximately $26,000. State of Wyoming purchased a new stake in Knife River during the fourth quarter valued at $30,000. Brooklyn Investment Group increased its position in Knife River by 31,200.0% during the first quarter. Brooklyn Investment Group now owns 313 shares of the company's stock valued at $28,000 after acquiring an additional 312 shares during the last quarter. Versant Capital Management Inc increased its position in Knife River by 501.9% during the first quarter. Versant Capital Management Inc now owns 325 shares of the company's stock valued at $29,000 after acquiring an additional 271 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Knife River during the first quarter valued at about $35,000. Hedge funds and other institutional investors own 80.11% of the company's stock.

Knife River Trading Down 1.7%

NYSE:KNF traded down $1.40 during mid-day trading on Monday, reaching $79.05. 1,022,833 shares of the company's stock traded hands, compared to its average volume of 447,098. Knife River has a 12-month low of $66.51 and a 12-month high of $108.83. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 2.11 and a beta of 0.84. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.94 and a quick ratio of 1.49. The company has a 50 day moving average price of $92.86 and a 200-day moving average price of $96.32.

Knife River (NYSE:KNF - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported ($1.21) earnings per share for the quarter, missing analysts' consensus estimates of ($0.89) by ($0.32). Knife River had a return on equity of 12.83% and a net margin of 6.18%. The firm had revenue of $353.50 million for the quarter, compared to analysts' expectations of $343.98 million. During the same quarter last year, the company posted ($0.84) EPS. The firm's revenue was up 7.3% on a year-over-year basis. On average, sell-side analysts predict that Knife River will post 4.11 earnings per share for the current year.

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.