Knife River Corporation (NYSE:KNF) Given Consensus Rating of “Moderate Buy” by Analysts

Knife River Corporation (NYSE:KNFGet Free Report) has earned an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $97.2857.

A number of research analysts have commented on KNF shares. JPMorgan Chase & Co. boosted their price objective on Knife River from $90.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Weiss Ratings upgraded Knife River from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 27th. Oppenheimer started coverage on Knife River in a research note on Thursday, May 28th. They set an “outperform” rating and a $95.00 price objective on the stock. Finally, Wells Fargo & Company reduced their price objective on Knife River from $81.00 to $80.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 15th.

Get Our Latest Stock Report on KNF

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its holdings in Knife River by 3.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,915,131 shares of the company’s stock valued at $275,431,000 after acquiring an additional 123,594 shares in the last quarter. State Street Corp raised its holdings in Knife River by 0.6% in the second quarter. State Street Corp now owns 2,101,198 shares of the company’s stock valued at $171,542,000 after acquiring an additional 12,308 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Knife River by 57.7% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,774,284 shares of the company’s stock valued at $124,821,000 after acquiring an additional 648,979 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Knife River by 5.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,464,690 shares of the company’s stock valued at $119,579,000 after acquiring an additional 73,028 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Knife River by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 1,417,408 shares of the company’s stock valued at $99,730,000 after acquiring an additional 9,125 shares in the last quarter. Institutional investors and hedge funds own 80.11% of the company’s stock.

Knife River Price Performance

KNF opened at $92.49 on Friday. The company’s 50 day simple moving average is $82.11 and its 200 day simple moving average is $80.27. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.31 and a current ratio of 2.67. Knife River has a 1 year low of $58.72 and a 1 year high of $96.28. The stock has a market capitalization of $5.25 billion, a PE ratio of 35.99, a P/E/G ratio of 1.63 and a beta of 0.40.

Knife River (NYSE:KNFGet Free Report) last released its earnings results on Tuesday, May 5th. The company reported ($1.40) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.42) by $0.02. Knife River had a net margin of 4.58% and a return on equity of 9.35%. The business had revenue of $410.13 million for the quarter, compared to analysts’ expectations of $387.06 million. During the same period last year, the company earned ($1.21) earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. As a group, sell-side analysts expect that Knife River will post 3.32 EPS for the current year.

About Knife River

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Knife River (NYSE:KNF)

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