Knife River (NYSE:KNF) Now Covered by Royal Bank of Canada

Equities research analysts at Royal Bank of Canada started coverage on shares of Knife River (NYSE:KNF - Get Free Report) in a note issued to investors on Monday,Briefing.com Automated Import reports. The firm set an "outperform" rating and a $129.00 price target on the stock. Royal Bank of Canada's price objective points to a potential upside of 60.03% from the company's current price.

Several other analysts have also weighed in on the stock. DA Davidson lowered their price objective 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 raised their price target on shares of Knife River from $102.00 to $114.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $117.17.

Knife River Stock Performance

Shares of Knife River stock opened at $80.61 on Monday. The business has a 50-day moving average price of $93.34 and a two-hundred day moving average price of $96.74. Knife River has a 1-year low of $66.51 and a 1-year high of $108.83. The company has a current ratio of 2.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45. The company has a market cap of $4.57 billion, a P/E ratio of 22.77, a PEG ratio of 2.36 and a beta of 0.84.

Knife River (NYSE:KNF - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported ($1.21) EPS for the quarter, missing the consensus estimate of ($0.89) by ($0.32). Knife River had a return on equity of 14.82% and a net margin of 6.96%. The business had revenue of $353.50 million for the quarter, compared to analyst estimates of $343.98 million. During the same period in the prior year, the business earned ($0.84) EPS. The company's revenue for the quarter was up 7.3% on a year-over-year basis. As a group, analysts anticipate that Knife River will post 4.11 EPS for the current year.

Institutional Trading of Knife River

Several hedge funds have recently bought and sold shares of KNF. Asset Management One Co. Ltd. acquired a new position in Knife River during the fourth quarter worth $2,703,000. Parallel Advisors LLC boosted its position in shares of Knife River by 74.9% during the first quarter. Parallel Advisors LLC now owns 628 shares of the company's stock valued at $57,000 after buying an additional 269 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Knife River during the fourth quarter worth $14,600,000. Wells Fargo & Company MN raised its position in Knife River by 15.1% in the 4th quarter. Wells Fargo & Company MN now owns 60,940 shares of the company's stock valued at $6,194,000 after buying an additional 7,975 shares during the last quarter. Finally, Natixis Advisors LLC lifted its stake in Knife River by 1.6% during the 4th quarter. Natixis Advisors LLC now owns 13,244 shares of the company's stock valued at $1,346,000 after acquiring an additional 203 shares in the last quarter. 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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