Knife River Corporation (NYSE:KNF) Receives $99.00 Consensus PT from Analysts

Knife River Corporation (NYSE:KNF) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $99.00.

Several brokerages recently issued reports on KNF. Oppenheimer decreased their target price on Knife River from $120.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. Wells Fargo & Company upgraded shares of Knife River from an “equal weight” rating to an “overweight” rating and set a $75.00 price objective on the stock in a research report on Tuesday, November 4th. DA Davidson lowered their target price on shares of Knife River from $105.00 to $95.00 and set a “buy” rating on the stock in a report on Wednesday, October 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Knife River in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Knife River from a “hold” rating to a “sell” rating in a report on Sunday.

Institutional Investors Weigh In On Knife River

A number of hedge funds have recently made changes to their positions in the company. Hantz Financial Services Inc. grew its holdings in Knife River by 141.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 341 shares of the company’s stock valued at $26,000 after buying an additional 200 shares in the last quarter. Brooklyn Investment Group grew 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. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Knife River in the first quarter worth $35,000. Country Trust Bank bought a new stake in Knife River in the second quarter worth $40,000. Finally, Quent Capital LLC purchased a new stake in Knife River during the third quarter valued at $47,000. 80.11% of the stock is currently owned by hedge funds and other institutional investors.

Knife River Stock Up 1.7%

KNF opened at $69.33 on Thursday. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 1.39 and a beta of 0.53. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.47 and a current ratio of 2.39. The firm’s fifty day moving average is $69.62 and its 200 day moving average is $80.69. Knife River has a fifty-two week low of $58.72 and a fifty-two week high of $108.83.

Knife River (NYSE:KNF) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.07. Knife River had a return on equity of 9.97% and a net margin of 4.87%.The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.22 billion. Knife River has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Knife River will post 4.11 earnings per share for the current fiscal year.

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.