Stephens Reiterates Overweight Rating for Knife River (NYSE:KNF)

Knife River (NYSE:KNF)‘s stock had its “overweight” rating reissued by analysts at Stephens in a research note issued on Friday,Benzinga reports. They presently have a $120.00 price objective on the stock. Stephens’ price target points to a potential upside of 17.79% from the stock’s previous close.

A number of other research firms have also recently commented on KNF. Oppenheimer boosted their price target on Knife River from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Loop Capital decreased their price objective on Knife River from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, DA Davidson upped their price objective on Knife River from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $112.50.

Knife River Stock Up 0.5 %

NYSE KNF opened at $101.88 on Friday. The stock’s 50 day moving average is $102.32 and its 200 day moving average is $93.07. The company has a current ratio of 2.72, a quick ratio of 1.91 and a debt-to-equity ratio of 0.46. Knife River has a 12 month low of $66.13 and a 12 month high of $108.83. The stock has a market cap of $5.77 billion, a PE ratio of 29.19, a P/E/G ratio of 2.41 and a beta of 0.76.

Knife River (NYSE:KNF) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. Knife River had a return on equity of 15.22% and a net margin of 6.89%. The company had revenue of $657.20 million for the quarter, compared to analysts’ expectations of $655.80 million. Research analysts predict that Knife River will post 3.49 EPS for the current fiscal year.

Institutional Trading of Knife River

Several hedge funds and other institutional investors have recently bought and sold shares of KNF. Alliancebernstein L.P. raised its holdings in Knife River by 830.7% during the 4th quarter. Alliancebernstein L.P. now owns 1,101,588 shares of the company’s stock valued at $111,965,000 after buying an additional 983,223 shares during the period. American Century Companies Inc. raised its holdings in Knife River by 1,200.8% during the 4th quarter. American Century Companies Inc. now owns 887,680 shares of the company’s stock valued at $90,224,000 after buying an additional 819,439 shares during the period. Norges Bank purchased a new stake in Knife River during the 4th quarter valued at $66,631,000. Capital Research Global Investors raised its holdings in Knife River by 45.2% during the 4th quarter. Capital Research Global Investors now owns 1,936,532 shares of the company’s stock valued at $196,829,000 after buying an additional 603,170 shares during the period. Finally, T. Rowe Price Investment Management Inc. purchased a new stake in Knife River during the 4th quarter valued at $46,750,000. Hedge funds and other institutional investors own 80.11% of the company’s stock.

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.