Knife River (NYSE:KNF) PT Raised to $110.00

Knife River (NYSE:KNF) had its target price raised by Oppenheimer from $85.00 to $110.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s price target suggests a potential upside of 18.80% from the stock’s previous close.

Knife River Price Performance

NYSE:KNF opened at $92.59 on Monday. The firm’s fifty day moving average is $83.99 and its two-hundred day moving average is $77.80. The firm has a market cap of $5.24 billion, a price-to-earnings ratio of 29.87, a PEG ratio of 2.17 and a beta of 0.82. Knife River has a one year low of $46.51 and a one year high of $95.85. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.49 and a current ratio of 2.51.

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

Institutional Trading of Knife River

A number of hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in shares of Knife River by 129.4% in the third quarter. GAMMA Investing LLC now owns 312 shares of the company’s stock worth $28,000 after acquiring an additional 176 shares during the period. International Assets Investment Management LLC acquired a new position in Knife River in the 2nd quarter worth about $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Knife River in the 2nd quarter worth about $43,000. DekaBank Deutsche Girozentrale purchased a new position in Knife River during the second quarter worth approximately $96,000. Finally, Horan Capital Advisors LLC. acquired a new stake in Knife River in the first quarter valued at approximately $203,000. 80.11% of the stock is owned by hedge funds and other institutional investors.

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.