Analysts Set Knife River Co. (NYSE:KNF) Target Price at $76.20

Shares of Knife River Co. (NYSE:KNF) have received an average rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $76.20.

A number of equities analysts recently commented on KNF shares. Loop Capital started coverage on shares of Knife River in a research note on Tuesday, February 13th. They issued a “buy” rating and a $81.00 price objective for the company. Wolfe Research began coverage on shares of Knife River in a research note on Friday, March 8th. They set a “peer perform” rating for the company. Bank of America began coverage on shares of Knife River in a research note on Friday, January 5th. They set a “buy” rating and a $81.00 target price for the company. Finally, Oppenheimer lifted their target price on shares of Knife River from $75.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. State of New Jersey Common Pension Fund D raised its holdings in Knife River by 87.6% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 49,307 shares of the company’s stock worth $2,408,000 after acquiring an additional 23,022 shares during the period. Quadrature Capital Ltd bought a new position in Knife River in the 3rd quarter worth $893,000. Vanguard Group Inc. raised its holdings in Knife River by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 5,540,292 shares of the company’s stock worth $270,532,000 after acquiring an additional 46,737 shares during the period. Planned Solutions Inc. bought a new position in Knife River in the 4th quarter worth $53,000. Finally, Schonfeld Strategic Advisors LLC increased its holdings in shares of Knife River by 19.7% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 1,120,623 shares of the company’s stock worth $54,720,000 after purchasing an additional 184,192 shares during the period. Institutional investors own 80.11% of the company’s stock.

Knife River Trading Down 0.6 %

Knife River stock opened at $77.74 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.71 and a current ratio of 2.63. The firm has a market cap of $4.40 billion and a price-to-earnings ratio of -0.15. Knife River has a 1 year low of $33.67 and a 1 year high of $83.78. The firm’s 50 day moving average price is $77.34 and its two-hundred day moving average price is $66.96.

Knife River (NYSE:KNF) last posted its quarterly earnings data on Thursday, February 15th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.16. Knife River had a net margin of 6.46% and a return on equity of 15.98%. The firm had revenue of $646.90 million during the quarter, compared to analyst estimates of $566.47 million. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. On average, research analysts predict that Knife River will post 3.5 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.