Knife River Co. (NYSE:KNF) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Knife River Co. (NYSE:KNF) have been given a consensus rating of “Moderate Buy” by the seven analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $95.33.

A number of equities analysts recently issued reports on KNF shares. Loop Capital lowered their price target on Knife River from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Oppenheimer raised their price target on Knife River from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday. Finally, DA Davidson raised their price target on Knife River from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th.

Institutional Investors Weigh In On Knife River

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in Knife River by 129.4% in the 3rd quarter. GAMMA Investing LLC now owns 312 shares of the company’s stock valued at $28,000 after buying an additional 176 shares in the last quarter. Huntington National Bank lifted its stake in Knife River by 586.0% in the 3rd quarter. Huntington National Bank now owns 343 shares of the company’s stock valued at $31,000 after buying an additional 293 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Knife River in the 2nd quarter valued at approximately $39,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Knife River in the 2nd quarter valued at approximately $43,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Knife River in the 3rd quarter valued at approximately $60,000. Hedge funds and other institutional investors own 80.11% of the company’s stock.

Knife River Stock Down 2.7 %

Knife River stock opened at $102.31 on Tuesday. Knife River has a 1-year low of $61.50 and a 1-year high of $107.96. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.72 and a quick ratio of 1.91. The stock has a market cap of $5.79 billion, a PE ratio of 29.32, a P/E/G ratio of 2.90 and a beta of 0.70. The stock’s fifty day moving average is $97.36 and its two-hundred day moving average is $83.72.

Knife River (NYSE:KNF) last issued its quarterly earnings data 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 firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Knife River had a return on equity of 15.22% and a net margin of 6.89%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.58 EPS. On average, sell-side analysts expect that Knife River will post 3.49 EPS for the current fiscal year.

About Knife River

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.