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

Knife River logo with Construction background

Shares of Knife River Corporation (NYSE:KNF - Get Free Report) have earned a consensus recommendation of "Buy" from the six analysts that are currently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $117.17.

KNF has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on shares of Knife River from $102.00 to $114.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. DA Davidson reduced their price target on Knife River from $125.00 to $120.00 and set a "buy" rating for the company in a research report on Tuesday, June 10th. Finally, Royal Bank Of Canada initiated coverage on Knife River in a research report on Monday, June 16th. They set an "outperform" rating and a $129.00 price objective on the stock.

Read Our Latest Research Report on KNF

Knife River Stock Down 2.4%

Shares of KNF traded down $1.95 during midday trading on Friday, reaching $78.82. 652,617 shares of the stock were exchanged, compared to its average volume of 779,509. The company has a market capitalization of $4.47 billion, a P/E ratio of 25.48, a PEG ratio of 2.20 and a beta of 0.63. The company has a current ratio of 2.94, a quick ratio of 1.49 and a debt-to-equity ratio of 0.82. Knife River has a 52 week low of $67.22 and a 52 week high of $108.83. The company's 50 day moving average is $89.02 and its two-hundred day moving average is $93.65.

Knife River (NYSE:KNF - Get Free Report) last posted its earnings results 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 net margin of 6.18% and a return on equity of 12.83%. The business had revenue of $353.50 million for the quarter, compared to analysts' expectations of $343.98 million. During the same period last year, the business posted ($0.84) EPS. The company's revenue for the quarter was up 7.3% on a year-over-year basis. On average, sell-side analysts anticipate that Knife River will post 4.11 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp lifted its stake in Knife River by 19.1% during the 1st quarter. Fifth Third Bancorp now owns 661 shares of the company's stock valued at $60,000 after acquiring an additional 106 shares during the period. Arizona State Retirement System raised its holdings in shares of Knife River by 0.8% during the fourth quarter. Arizona State Retirement System now owns 15,609 shares of the company's stock worth $1,586,000 after purchasing an additional 124 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of Knife River by 58.6% during the fourth quarter. Larson Financial Group LLC now owns 425 shares of the company's stock worth $43,000 after purchasing an additional 157 shares during the last quarter. Focus Partners Advisor Solutions LLC lifted its position in Knife River by 2.0% during the first quarter. Focus Partners Advisor Solutions LLC now owns 8,004 shares of the company's stock valued at $722,000 after purchasing an additional 159 shares during the period. Finally, Greenleaf Trust boosted its holdings in Knife River by 6.7% in the first quarter. Greenleaf Trust now owns 2,567 shares of the company's stock valued at $232,000 after purchasing an additional 162 shares during the last quarter. 80.11% of the stock is currently owned by hedge funds and other institutional investors.

Knife River Company Profile

(Get Free Report

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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