Knife River Corporation (NYSE:KNF – Get 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.
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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:KNF – Get 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
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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