Brokerages Set Knife River Corporation (NYSE:KNF) PT at $96.57

Shares of Knife River Corporation (NYSE:KNF) have received an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $95.7143.

KNF has been the topic of several recent research reports. Royal Bank Of Canada reduced their price target on shares of Knife River from $115.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Wall Street Zen lowered Knife River from a “hold” rating to a “sell” rating in a research note on Sunday, January 11th. Wells Fargo & Company dropped their price target on shares of Knife River from $81.00 to $75.00 and set an “equal weight” rating for the company in a research report on Thursday. Zacks Research raised Knife River from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Finally, B. Riley assumed coverage on shares of Knife River in a research note on Thursday, January 15th. They set a “buy” rating and a $92.00 price objective for the company.

Knife River Trading Down 3.5%

Shares of KNF opened at $67.19 on Tuesday. The firm has a market capitalization of $3.81 billion, a P/E ratio of 25.74, a PEG ratio of 1.17 and a beta of 0.47. The company has a current ratio of 2.39, a quick ratio of 1.47 and a debt-to-equity ratio of 0.73. The firm’s 50-day moving average is $74.84 and its two-hundred day moving average is $75.62. Knife River has a twelve month low of $58.72 and a twelve month high of $106.89.

Knife River (NYSE:KNF) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.07. Knife River had a return on equity of 9.97% and a net margin of 4.87%.The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.22 billion. On average, research analysts predict that Knife River will post 4.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Hantz Financial Services Inc. lifted its stake in shares of Knife River by 141.8% in the third quarter. Hantz Financial Services Inc. now owns 341 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares in the last quarter. Country Trust Bank bought a new stake in Knife River during the second quarter valued at $40,000. Quent Capital LLC bought a new stake in shares of Knife River during the 3rd quarter valued at about $47,000. GHP Investment Advisors Inc. bought a new position in shares of Knife River during the second quarter valued at approximately $48,000. Finally, GAMMA Investing LLC grew its stake in Knife River by 34.8% during the 4th quarter. GAMMA Investing LLC now owns 685 shares of the company’s stock worth $48,000 after buying an additional 177 shares during the last quarter. 80.11% of the stock is owned by institutional investors and hedge funds.

Knife River Company Profile

Knife River Corporation, headquartered in Bismarck, North Dakota, is a leading integrated construction materials and contracting company in the western United States. The company specializes in producing and supplying aggregates, asphalt mix, ready-mixed concrete and other heavy construction materials used in highway, commercial and residential projects.

In addition to material production, Knife River offers a comprehensive suite of contracting services, including heavy civil construction, road building, underground and open-pit mining and logistics support.