Knife River Corporation (NYSE:KNF) Receives $117.17 Consensus PT from Analysts

Knife River Corporation (NYSE:KNF - Get Free Report) has received an average rating of "Buy" from the six research firms that are presently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have issued a report on the stock in the last year is $117.17.

Several brokerages have recently issued reports on KNF. Wells Fargo & Company lifted their price target on Knife River from $102.00 to $114.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Royal Bank Of Canada began coverage on Knife River in a research note on Monday, June 16th. They issued an "outperform" rating and a $129.00 price target on the stock. Finally, DA Davidson decreased their price target on Knife River from $125.00 to $120.00 and set a "buy" rating on the stock in a research note on Tuesday, June 10th.

Knife River Price Performance

Knife River stock traded down $0.13 during mid-day trading on Friday, reaching $78.75. 453,979 shares of the company were exchanged, compared to its average volume of 525,416. The company has a fifty day simple moving average of $89.02 and a 200-day simple moving average of $93.58. Knife River has a 12 month low of $67.22 and a 12 month high of $108.83. 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 firm has a market cap of $4.46 billion, a PE ratio of 24.84, a PEG ratio of 2.15 and a beta of 0.63.

Knife River (NYSE:KNF - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported ($1.21) EPS 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 company had revenue of $353.50 million for the quarter, compared to the consensus estimate of $343.98 million. During the same quarter last year, the business earned ($0.84) EPS. Knife River's revenue was up 7.3% on a year-over-year basis. As a group, equities research analysts expect that Knife River will post 4.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Knife River

Several hedge funds have recently modified their holdings of KNF. Opal Wealth Advisors LLC acquired a new position in Knife River during the 1st quarter worth about $26,000. State of Wyoming acquired a new position in Knife River during the 4th quarter worth about $30,000. Brooklyn Investment Group lifted its holdings in Knife River by 31,200.0% during the 1st quarter. Brooklyn Investment Group now owns 313 shares of the company's stock worth $28,000 after buying an additional 312 shares during the period. Versant Capital Management Inc lifted its holdings in Knife River by 501.9% during the 1st quarter. Versant Capital Management Inc now owns 325 shares of the company's stock worth $29,000 after buying an additional 271 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Knife River during the 1st quarter worth about $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.