Knife River Co. (NYSE:KNF – Get Free Report) has earned an average recommendation of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $86.60.
Separately, Oppenheimer boosted their price objective on Knife River from $85.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st.
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Institutional Trading of Knife River
Knife River Price Performance
Shares of NYSE KNF opened at $93.45 on Monday. Knife River has a 1-year low of $46.51 and a 1-year high of $95.85. The firm has a market capitalization of $5.29 billion, a PE ratio of 26.93, a P/E/G ratio of 2.26 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. The business’s fifty day moving average price is $85.06 and its two-hundred day moving average price is $78.08.
Knife River (NYSE:KNF – Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.13. The firm had revenue of $806.90 million for the quarter, compared to the consensus estimate of $803.81 million. Knife River had a net margin of 6.88% and a return on equity of 15.73%. Knife River’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $1.00 EPS. On average, research analysts expect that Knife River will post 3.72 EPS for the current year.
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.
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