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

Shares of Knife River Corporation (NYSE:KNF - Get Free Report) have been assigned an average rating of "Buy" from the six analysts that are currently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a buy rating. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $114.1667.

A number of research analysts have recently issued reports on the stock. DA Davidson cut their target price on shares of Knife River from $125.00 to $120.00 and set a "buy" rating for the company in a research note on Tuesday, June 10th. Wells Fargo & Company cut their target price on shares of Knife River from $114.00 to $96.00 and set an "overweight" rating for the company in a research note on Tuesday, July 29th. Finally, Royal Bank Of Canada assumed coverage on shares of Knife River in a research note on Monday, June 16th. They issued an "outperform" rating and a $129.00 target price for the company.

Knife River Stock Up 1.4%

NYSE KNF opened at $84.53 on Tuesday. The company has a current ratio of 2.94, a quick ratio of 1.49 and a debt-to-equity ratio of 0.82. The stock's 50 day moving average is $84.06 and its two-hundred day moving average is $91.49. The company has a market capitalization of $4.79 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 2.27 and a beta of 0.63. Knife River has a 1-year low of $67.22 and a 1-year high of $108.83.

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

Institutional Trading of Knife River

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

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