Brokerages Set Knife River Corporation (NYSE:KNF) PT at $99.00

Knife River Corporation (NYSE:KNF) has earned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $99.00.

KNF has been the topic of a number of research analyst reports. Wells Fargo & Company raised Knife River from an “equal weight” rating to an “overweight” rating and set a $75.00 target price on the stock in a report on Tuesday, November 4th. Wall Street Zen lowered Knife River from a “hold” rating to a “sell” rating in a research note on Sunday. Royal Bank Of Canada lowered their price objective on shares of Knife River from $115.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Knife River in a research report on Wednesday, October 8th. Finally, Oppenheimer lowered their price objective on Knife River from $120.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 1st.

Knife River Trading Down 2.2%

KNF opened at $69.45 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.47 and a current ratio of 2.39. Knife River has a one year low of $58.72 and a one year high of $108.83. The business’s 50-day simple moving average is $70.27 and its 200-day simple moving average is $81.24. The company has a market cap of $3.94 billion, a P/E ratio of 26.61, a PEG ratio of 1.42 and a beta of 0.53.

Knife River (NYSE:KNF) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $2.52 EPS for the quarter, beating the consensus estimate of $2.45 by $0.07. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Knife River had a return on equity of 9.97% and a net margin of 4.87%. Knife River has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Knife River will post 4.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Knife River

A number of large investors have recently made changes to their positions in KNF. Raymond James Financial Inc. lifted its position in Knife River by 3.8% during the third quarter. Raymond James Financial Inc. now owns 368,458 shares of the company’s stock valued at $28,323,000 after purchasing an additional 13,598 shares during the last quarter. Man Group plc boosted its holdings in shares of Knife River by 145.9% during the 3rd quarter. Man Group plc now owns 14,186 shares of the company’s stock valued at $1,090,000 after acquiring an additional 8,416 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Knife River by 2.4% during the 3rd quarter. California State Teachers Retirement System now owns 54,342 shares of the company’s stock valued at $4,177,000 after acquiring an additional 1,258 shares during the period. One Capital Management LLC grew its holdings in Knife River by 58.7% during the 3rd quarter. One Capital Management LLC now owns 16,155 shares of the company’s stock valued at $1,242,000 after buying an additional 5,978 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Knife River by 6.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,787 shares of the company’s stock valued at $906,000 after acquiring an additional 746 shares during the last quarter. Institutional investors own 80.11% of the company’s stock.

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.