Oppenheimer Increases Knife River (NYSE:KNF) Price Target to $110.00

Knife River (NYSE:KNF) had its target price boosted by Oppenheimer from $85.00 to $110.00 in a research report sent to investors on Monday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Knife River Trading Down 1.2 %

NYSE:KNF opened at $91.50 on Monday. The firm has a market capitalization of $5.18 billion, a P/E ratio of 29.52, a PEG 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 one year low of $46.51 and a one year high of $95.85. The company’s 50-day simple moving average is $84.36 and its 200 day simple moving average is $77.90.

Knife River (NYSE:KNF) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.13. The company had revenue of $806.90 million for 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%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.00 EPS. As a group, analysts forecast that Knife River will post 3.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

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