Wall Street Zen Downgrades Knife River (NYSE:KNF) to Sell

Knife River (NYSE:KNF) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Sunday.

A number of other equities analysts have also recently commented on the company. Wells Fargo & Company upgraded Knife River from an “equal weight” rating to an “overweight” rating and set a $75.00 target price for the company in a report on Tuesday, November 4th. UBS Group raised shares of Knife River to an “overweight” rating in a research report on Tuesday, November 4th. DA Davidson dropped their price objective on shares of Knife River from $105.00 to $95.00 and set a “buy” rating for the company in a report on Wednesday, October 1st. Oppenheimer cut their target price on shares of Knife River from $120.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Knife River in a research report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $99.00.

Knife River Stock Down 2.2%

Shares of NYSE KNF opened at $69.45 on Friday. The company has a quick ratio of 1.47, a current ratio of 2.39 and a debt-to-equity ratio of 0.73. The business’s 50 day moving average is $70.27 and its two-hundred day moving average is $81.24. Knife River has a 52-week low of $58.72 and a 52-week high of $108.83. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 1.42 and a beta of 0.53.

Knife River (NYSE:KNF) last released its quarterly earnings results on Tuesday, November 4th. The company reported $2.52 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 business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.22 billion. Knife River has set its FY 2025 guidance at EPS. Research analysts predict that Knife River will post 4.11 EPS for the current year.

Institutional Trading of Knife River

Several hedge funds have recently modified their holdings of KNF. Hantz Financial Services Inc. grew its holdings 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 valued at $26,000 after purchasing an additional 200 shares in the last quarter. Brooklyn Investment Group lifted its position in Knife River by 31,200.0% during the first quarter. Brooklyn Investment Group now owns 313 shares of the company’s stock valued at $28,000 after purchasing an additional 312 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Knife River in the 1st quarter worth $35,000. Country Trust Bank bought a new stake in shares of Knife River in the 2nd quarter worth about $40,000. Finally, Quent Capital LLC bought a new stake in shares of Knife River in the 3rd quarter worth about $47,000. 80.11% of the stock is owned by hedge funds and other institutional investors.

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.