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

Knife River Co. (NYSE:KNF) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $81.60.

Separately, Oppenheimer upped their price objective on shares of Knife River from $85.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday.

Knife River Stock Up 1.7 %

Shares of KNF stock traded up $1.59 during mid-day trading on Monday, hitting $95.03. 82,870 shares of the stock traded hands, compared to its average volume of 380,294. The stock’s fifty day moving average is $83.16 and its two-hundred day moving average is $77.60. The stock has a market cap of $5.38 billion, a P/E ratio of 30.59, a P/E/G ratio of 2.17 and a beta of 0.82. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.51 and a quick ratio of 1.49. Knife River has a 52-week low of $46.51 and a 52-week high of $95.22.

Knife River (NYSE:KNF) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.24 by $0.13. The company had revenue of $806.90 million for the quarter, compared to analyst estimates of $803.81 million. Knife River had a net margin of 6.88% and a return on equity of 15.73%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business earned $1.00 earnings per share. Equities analysts predict that Knife River will post 3.72 EPS for the current year.

Institutional Trading of Knife River

Several hedge funds have recently modified their holdings of KNF. GAMMA Investing LLC raised its position in Knife River by 129.4% in the 3rd quarter. GAMMA Investing LLC now owns 312 shares of the company’s stock valued at $28,000 after purchasing an additional 176 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Knife River during the second quarter worth approximately $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Knife River during the second quarter worth $43,000. DekaBank Deutsche Girozentrale purchased a new position in Knife River in the 2nd quarter valued at $96,000. Finally, Horan Capital Advisors LLC. acquired a new position in Knife River in the 1st quarter valued at $203,000. 80.11% of the stock is currently owned by institutional investors and hedge funds.

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.