Knife River (NYSE:KNF) Research Coverage Started at JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on shares of Knife River (NYSE:KNF) in a report published on Thursday, MarketBeat.com reports. The brokerage issued a neutral rating and a $83.00 price objective on the stock.

Other analysts have also recently issued research reports about the company. Weiss Ratings reissued a “hold (c)” rating on shares of Knife River in a research report on Wednesday, October 8th. Royal Bank Of Canada reduced their price target on Knife River from $115.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Wall Street Zen downgraded Knife River from a “hold” rating to a “sell” rating in a report on Tuesday, December 2nd. Wells Fargo & Company raised shares of Knife River from an “equal weight” rating to an “overweight” rating and set a $75.00 price objective on the stock in a research report on Tuesday, November 4th. Finally, UBS Group upgraded shares of Knife River to an “overweight” rating in a research note on Tuesday, November 4th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Knife River currently has an average rating of “Moderate Buy” and an average target price of $96.33.

Knife River Stock Performance

Shares of KNF opened at $74.72 on Thursday. The company has a market capitalization of $4.23 billion, a PE ratio of 28.63, a PEG ratio of 1.52 and a beta of 0.43. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.47 and a current ratio of 2.39. The company’s 50 day moving average price is $69.11 and its 200 day moving average price is $78.67. Knife River has a 52 week low of $58.72 and a 52 week high of $108.83.

Knife River (NYSE:KNF) last issued its earnings results on Tuesday, November 4th. The company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.07. Knife River had a net margin of 4.87% and a return on equity of 9.97%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.22 billion. Research analysts expect that Knife River will post 4.11 EPS for the current fiscal year.

Institutional Trading of Knife River

A number of institutional investors and hedge funds have recently modified their holdings of KNF. Brady Martz Wealth Solutions LLC boosted its holdings in shares of Knife River by 2.3% during the 2nd quarter. Brady Martz Wealth Solutions LLC now owns 6,786 shares of the company’s stock worth $554,000 after buying an additional 152 shares during the period. Unified Investment Management lifted its position in Knife River by 2.6% during the 2nd quarter. Unified Investment Management now owns 5,968 shares of the company’s stock worth $487,000 after acquiring an additional 153 shares during the last quarter. Focus Partners Advisor Solutions LLC boosted its holdings in Knife River by 2.0% during the first quarter. Focus Partners Advisor Solutions LLC now owns 8,004 shares of the company’s stock valued at $722,000 after acquiring an additional 159 shares during the period. Cornerstone Investment Partners LLC boosted its holdings in Knife River by 5.8% during the third quarter. Cornerstone Investment Partners LLC now owns 2,941 shares of the company’s stock valued at $226,000 after acquiring an additional 161 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in shares of Knife River by 1.3% in the second quarter. Nisa Investment Advisors LLC now owns 13,292 shares of the company’s stock valued at $1,085,000 after purchasing an additional 167 shares during the last quarter. 80.11% of the stock is currently owned by institutional investors and hedge funds.

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.