Knife River (NYSE:KNF) Earns Hold (C) Rating from Weiss Ratings

Key Points

• Knife River received a "hold (c)" rating from Weiss Ratings, while other firms have issued varying ratings, with a consensus rating of "Moderate Buy" and an average price target of $106.83.
• In its recent earnings report, Knife River missed analysts' EPS estimates, reporting $0.89 against an expected $1.27, while revenue was also below expectations at $833.8 million.
• The stock price of Knife River has experienced a decline of 1.4%, with current trading at a price of $68.44 and a market cap of $3.88 billion.

Knife River (NYSE:KNF - Get Free Report)'s stock had its "hold (c)" rating reissued by equities researchers at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

KNF has been the subject of a number of other research reports. Royal Bank Of Canada began coverage on shares of Knife River in a report on Monday, June 16th. They set an "outperform" rating and a $129.00 price objective for the company. Wells Fargo & Company assumed coverage on shares of Knife River in a report on Tuesday. They set a "cautious" rating for the company. DA Davidson reduced their price target on shares of Knife River from $105.00 to $95.00 and set a "buy" rating for the company in a report on Wednesday, October 1st. Finally, Oppenheimer reduced their price target on shares of Knife River from $120.00 to $100.00 and set an "outperform" rating for the company in a report on Wednesday, October 1st. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Knife River has a consensus rating of "Moderate Buy" and an average price target of $106.83.

Knife River Stock Down 1.4%

Shares of NYSE KNF opened at $68.44 on Wednesday. The stock has a market cap of $3.88 billion, a P/E ratio of 25.44, a P/E/G ratio of 5.85 and a beta of 0.57. The firm has a 50 day moving average price of $80.91 and a 200 day moving average price of $85.98. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.57 and a current ratio of 2.78. Knife River has a 52-week low of $66.75 and a 52-week high of $108.83.

Knife River (NYSE:KNF - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.27 by ($0.38). The firm had revenue of $833.80 million for the quarter, compared to analyst estimates of $902.26 million. Knife River had a net margin of 5.20% and a return on equity of 10.58%. The firm's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.37 EPS. Knife River has set its FY 2025 guidance at EPS. Analysts expect that Knife River will post 4.11 EPS for the current year.

Institutional Trading of Knife River

A number of institutional investors have recently made changes to their positions in KNF. Opal Wealth Advisors LLC bought a new stake in shares of Knife River in the first quarter worth $26,000. Brooklyn Investment Group lifted its position 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 worth $28,000 after purchasing an additional 312 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Knife River in the first quarter worth $35,000. Country Trust Bank bought a new stake in shares of Knife River in the second quarter worth $40,000. Finally, GHP Investment Advisors Inc. bought a new stake in shares of Knife River in the second quarter worth $48,000. Institutional investors own 80.11% of the company's stock.

About Knife River

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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