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

Knife River Co. (NYSE:KNF) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $76.20.

Several brokerages recently issued reports on KNF. Wolfe Research initiated coverage on Knife River in a research note on Friday, March 8th. They set a “peer perform” rating on the stock. Bank of America started coverage on Knife River in a research report on Friday, January 5th. They issued a “buy” rating and a $81.00 price objective on the stock. Oppenheimer raised their price objective on Knife River from $75.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Finally, Loop Capital assumed coverage on shares of Knife River in a research note on Tuesday, February 13th. They set a “buy” rating and a $81.00 price objective on the stock.

Institutional Trading of Knife River

Several large investors have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale purchased a new position in shares of Knife River during the 3rd quarter valued at about $34,000. Financial Management Professionals Inc. acquired a new position in shares of Knife River during the 4th quarter valued at about $35,000. TFO Wealth Partners LLC raised its position in shares of Knife River by 38,250.0% during the 4th quarter. TFO Wealth Partners LLC now owns 767 shares of the company’s stock valued at $51,000 after buying an additional 765 shares during the period. Planned Solutions Inc. purchased a new position in shares of Knife River during the 4th quarter worth $53,000. Finally, Clear Street Markets LLC purchased a new stake in shares of Knife River in the 3rd quarter valued at approximately $59,000. Hedge funds and other institutional investors own 80.11% of the company’s stock.

Knife River Trading Up 0.0 %

Shares of NYSE:KNF opened at $78.99 on Friday. The stock’s fifty day moving average price is $77.61 and its 200-day moving average price is $67.22. Knife River has a 1 year low of $33.67 and a 1 year high of $83.78. The company has a market cap of $4.47 billion and a P/E ratio of -0.15. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.63 and a quick ratio of 1.71.

Knife River (NYSE:KNF) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.16. Knife River had a net margin of 6.46% and a return on equity of 15.98%. The business had revenue of $646.90 million for the quarter, compared to analysts’ expectations of $566.47 million. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. Sell-side analysts expect that Knife River will post 3.5 earnings per share for the current year.

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.