Knife River Corporation (NYSE:KNF – Get Free Report) has received an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $98.00.
A number of analysts have recently issued reports on KNF shares. B. Riley Financial started coverage on shares of Knife River in a report on Thursday, January 15th. They set a “buy” rating and a $92.00 price objective for the company. Wall Street Zen raised shares of Knife River from a “sell” rating to a “hold” rating in a report on Monday, February 23rd. DA Davidson lifted their price objective on shares of Knife River from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. JPMorgan Chase & Co. lifted their price objective on shares of Knife River from $90.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada lifted their price objective on shares of Knife River from $106.00 to $109.00 and gave the stock an “outperform” rating in a report on Wednesday, February 18th.
Check Out Our Latest Analysis on Knife River
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Knife River Stock Performance
NYSE KNF opened at $85.69 on Thursday. Knife River has a 52-week low of $58.72 and a 52-week high of $103.18. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.31 and a current ratio of 2.67. The company has a market capitalization of $4.86 billion, a P/E ratio of 33.34, a P/E/G ratio of 1.62 and a beta of 0.55. The company has a fifty day moving average of $84.47 and a 200-day moving average of $77.99.
Knife River (NYSE:KNF – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($1.40) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.42) by $0.02. Knife River had a net margin of 4.58% and a return on equity of 9.35%. The company had revenue of $410.13 million during the quarter, compared to the consensus estimate of $387.06 million. During the same period in the previous year, the firm posted ($1.21) EPS. The firm’s revenue was up 16.0% compared to the same quarter last year. As a group, equities research analysts predict that Knife River will post 3.33 EPS for the current fiscal year.
Knife River Company Profile
Knife River Corporation, headquartered in Bismarck, North Dakota, is a leading integrated construction materials and contracting company in the western United States. The company specializes in producing and supplying aggregates, asphalt mix, ready-mixed concrete and other heavy construction materials used in highway, commercial and residential projects.
In addition to material production, Knife River offers a comprehensive suite of contracting services, including heavy civil construction, road building, underground and open-pit mining and logistics support.
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