Analysts Set Knife River Co. (NYSE:KNF) Target Price at $81.60

Shares of Knife River Co. (NYSE:KNF) have received an average recommendation of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $81.60.

Separately, Stephens started coverage on Knife River in a research note on Tuesday, June 18th. They issued an “overweight” rating and a $85.00 target price on the stock.

Knife River Stock Performance

Shares of NYSE:KNF opened at $75.28 on Friday. The firm has a fifty day simple moving average of $75.14 and a two-hundred day simple moving average of $75.06. Knife River has a 52 week low of $46.51 and a 52 week high of $83.78. The company has a quick ratio of 1.49, a current ratio of 2.51 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $4.26 billion, a P/E ratio of 24.28, a PEG ratio of 1.97 and a beta of 0.83.

Knife River (NYSE:KNF) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.13. The company had revenue of $806.90 million during the quarter, compared to the consensus estimate of $803.81 million. Knife River had a return on equity of 15.73% and a net margin of 6.88%. Knife River’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the company earned $1.00 earnings per share. On average, analysts expect that Knife River will post 3.64 earnings per share for the current fiscal year.

Institutional Trading of Knife River

Several institutional investors and hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC bought a new position in Knife River in the second quarter worth approximately $39,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Knife River during the 2nd quarter worth $43,000. TFO Wealth Partners LLC lifted its stake in shares of Knife River by 38,250.0% during the 4th quarter. TFO Wealth Partners LLC now owns 767 shares of the company’s stock worth $51,000 after purchasing an additional 765 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Knife River during the second quarter valued at about $96,000. Finally, Horan Capital Advisors LLC. purchased a new position in Knife River in the first quarter valued at about $203,000. 80.11% of the stock is currently owned by institutional investors.

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.