Knife River Co. (NYSE:KNF) Given Consensus Recommendation of “Moderate Buy” by Analysts

Knife River Co. (NYSE:KNF) has received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $93.67.

A number of research analysts recently issued reports on KNF shares. Loop Capital dropped their price objective on shares of Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. DA Davidson boosted their price target on shares of Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Oppenheimer increased their price target on Knife River from $85.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, October 21st.

Knife River Price Performance

Shares of NYSE KNF opened at $100.52 on Friday. The business’s 50 day moving average is $92.28 and its 200-day moving average is $80.37. The firm has a market cap of $5.69 billion, a P/E ratio of 28.17, a price-to-earnings-growth ratio of 2.63 and a beta of 0.74. Knife River has a 1-year low of $57.49 and a 1-year high of $103.33. The company has a current ratio of 2.72, a quick ratio of 1.91 and a debt-to-equity ratio of 0.46.

Knife River (NYSE:KNF) last announced its quarterly earnings data on Monday, November 4th. The company reported $2.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.22). Knife River had a return on equity of 15.22% and a net margin of 6.89%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the company earned $2.58 earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis. Equities research analysts predict that Knife River will post 3.57 earnings per share for the current year.

Institutional Trading of Knife River

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KNF. GAMMA Investing LLC increased its stake in Knife River by 129.4% during the 3rd quarter. GAMMA Investing LLC now owns 312 shares of the company’s stock valued at $28,000 after purchasing an additional 176 shares in the last quarter. Huntington National Bank increased its stake in Knife River by 586.0% in the 3rd quarter. Huntington National Bank now owns 343 shares of the company’s stock worth $31,000 after buying an additional 293 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Knife River in the 2nd quarter worth approximately $39,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Knife River during the second quarter valued at $43,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Knife River during the 3rd quarter valued at approximately $60,000. Hedge funds and other institutional investors own 80.11% of the company’s stock.

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.