Loop Capital Cuts Knife River (NYSE:KNF) Price Target to $100.00

Knife River (NYSE:KNF) had its price objective trimmed by Loop Capital from $105.00 to $100.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Separately, Oppenheimer raised their price target on Knife River from $85.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Knife River has an average rating of “Moderate Buy” and an average price target of $90.40.

Knife River Trading Up 2.8 %

Shares of KNF opened at $91.76 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.49 and a current ratio of 2.51. Knife River has a fifty-two week low of $54.05 and a fifty-two week high of $99.54. The firm has a 50 day moving average price of $87.66 and a 200-day moving average price of $78.88. The firm has a market cap of $5.19 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 2.40 and a beta of 0.74.

Knife River (NYSE:KNF) last posted its quarterly earnings results on Monday, November 4th. The company reported $2.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.82 by ($0.22). The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Knife River had a net margin of 6.88% and a return on equity of 15.73%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.58 earnings per share. As a group, equities research analysts forecast that Knife River will post 3.68 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of KNF. GAMMA Investing LLC grew its position in shares of Knife River by 129.4% in the 3rd quarter. GAMMA Investing LLC now owns 312 shares of the company’s stock worth $28,000 after buying an additional 176 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Knife River during the 2nd quarter valued at $39,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Knife River in the 2nd quarter worth $43,000. Sittner & Nelson LLC lifted its position in shares of Knife River by 18.5% in the 3rd quarter. Sittner & Nelson LLC now owns 960 shares of the company’s stock worth $86,000 after purchasing an additional 150 shares during the period. Finally, Covestor Ltd boosted its stake in shares of Knife River by 13.2% during the 3rd quarter. Covestor Ltd now owns 1,288 shares of the company’s stock valued at $115,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors 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.