Analysts Set Knife River Corporation (NYSE:KNF) Target Price at $117.17

Shares of Knife River Corporation (NYSE:KNF) have been assigned a consensus rating of “Buy” from the six brokerages that are presently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have covered the stock in the last year is $117.17.

Several equities research analysts recently weighed in on KNF shares. Royal Bank Of Canada began coverage on Knife River in a report on Monday, June 16th. They set an “outperform” rating and a $129.00 price target for the company. DA Davidson reduced their target price on Knife River from $125.00 to $120.00 and set a “buy” rating for the company in a report on Tuesday, June 10th. Finally, Wells Fargo & Company raised their target price on Knife River from $102.00 to $114.00 and gave the company an “overweight” rating in a report on Tuesday, May 13th.

Institutional Trading of Knife River

A number of institutional investors have recently modified their holdings of the company. Opal Wealth Advisors LLC acquired a new position in shares of Knife River in the 1st quarter valued at approximately $26,000. State of Wyoming acquired a new position in shares of Knife River in the 4th quarter valued at approximately $30,000. Brooklyn Investment Group raised its position in shares of Knife River by 31,200.0% in the 1st quarter. Brooklyn Investment Group now owns 313 shares of the company’s stock valued at $28,000 after purchasing an additional 312 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Knife River by 501.9% in the 1st quarter. Versant Capital Management Inc now owns 325 shares of the company’s stock valued at $29,000 after purchasing an additional 271 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Knife River in the 1st quarter valued at approximately $35,000. Hedge funds and other institutional investors own 80.11% of the company’s stock.

Knife River Price Performance

Shares of NYSE KNF opened at $77.48 on Monday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.94 and a quick ratio of 1.49. The stock has a fifty day moving average price of $92.66 and a 200 day moving average price of $96.16. Knife River has a 1-year low of $66.51 and a 1-year high of $108.83. The company has a market cap of $4.39 billion, a PE ratio of 24.44, a P/E/G ratio of 2.08 and a beta of 0.84.

Knife River (NYSE:KNF) last issued its quarterly earnings results on Tuesday, May 6th. The company reported ($1.21) earnings per share for the quarter, missing the consensus estimate of ($0.89) by ($0.32). Knife River had a return on equity of 12.83% and a net margin of 6.18%. The company had revenue of $353.50 million for the quarter, compared to analyst estimates of $343.98 million. During the same period in the prior year, the business earned ($0.84) earnings per share. Knife River’s revenue for the quarter was up 7.3% compared to the same quarter last year. Sell-side analysts forecast that Knife River will post 4.11 EPS for the current 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.