Knife River Co. (NYSE:KNF) Receives $81.60 Average Target Price from Analysts

Shares of Knife River Co. (NYSE:KNF) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $81.60.

Separately, Stephens began coverage on shares of Knife River in a report on Tuesday, June 18th. They issued an “overweight” rating and a $85.00 price objective on the stock.

Knife River Trading Down 4.1 %

KNF stock opened at $75.66 on Friday. The company has a quick ratio of 1.49, a current ratio of 2.51 and a debt-to-equity ratio of 0.52. Knife River has a twelve month low of $46.51 and a twelve month high of $83.78. The company has a market cap of $4.28 billion, a P/E ratio of 24.41, a PEG ratio of 1.97 and a beta of 0.83. The business has a fifty day moving average of $75.07 and a 200-day moving average of $75.07.

Knife River (NYSE:KNF) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.13. The firm had revenue of $806.90 million during the quarter, compared to analyst estimates of $803.81 million. Knife River had a return on equity of 15.73% and a net margin of 6.88%. The company’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the company earned $1.00 earnings per share. As a group, equities research analysts expect that Knife River will post 3.64 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Creative Planning raised its stake in Knife River by 36.3% during the 2nd quarter. Creative Planning now owns 5,872 shares of the company’s stock worth $412,000 after buying an additional 1,565 shares during the period. Algert Global LLC acquired a new stake in shares of Knife River during the second quarter worth about $379,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Knife River during the 2nd quarter valued at about $1,688,000. Shellback Capital LP grew its position in shares of Knife River by 28.3% in the 2nd quarter. Shellback Capital LP now owns 321,323 shares of the company’s stock valued at $22,538,000 after purchasing an additional 70,801 shares during the period. Finally, AQR Capital Management LLC increased its stake in Knife River by 28.7% during the 2nd quarter. AQR Capital Management LLC now owns 207,342 shares of the company’s stock worth $14,543,000 after purchasing an additional 46,187 shares in the last quarter. Institutional investors and hedge funds 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.