DA Davidson Cuts Knife River (NYSE:KNF) Price Target to $120.00

Knife River (NYSE:KNF) had its target price reduced by DA Davidson from $125.00 to $120.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Other analysts have also issued research reports about the stock. Wells Fargo & Company lifted their price target on shares of Knife River from $102.00 to $114.00 and gave the company an “overweight” rating in a research report on Tuesday, May 13th. Stephens reaffirmed an “overweight” rating and set a $120.00 price target on shares of Knife River in a research report on Friday, February 14th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $114.80.

Knife River Stock Down 3.8%

KNF stock opened at $89.21 on Tuesday. The firm has a market cap of $5.05 billion, a PE ratio of 25.20, a PEG ratio of 2.36 and a beta of 0.84. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.64 and a current ratio of 2.67. The firm’s 50 day moving average price is $93.39 and its 200-day moving average price is $97.22. Knife River has a one year low of $66.51 and a one year high of $108.83.

Knife River (NYSE:KNF) last released its quarterly earnings results on Tuesday, May 6th. The company reported ($1.21) EPS for the quarter, missing the consensus estimate of ($0.89) by ($0.32). The firm had revenue of $353.50 million for the quarter, compared to analysts’ expectations of $343.98 million. Knife River had a net margin of 6.96% and a return on equity of 14.82%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.84) EPS. On average, equities research analysts anticipate that Knife River will post 4.11 EPS for the current year.

Institutional Trading of Knife River

Several institutional investors have recently added to or reduced their stakes in KNF. Opal Wealth Advisors LLC acquired a new stake in Knife River in the 1st quarter valued at approximately $26,000. Brooklyn Investment Group increased its holdings in Knife River by 31,200.0% in the 1st quarter. Brooklyn Investment Group now owns 313 shares of the company’s stock valued at $28,000 after purchasing an additional 312 shares during the last quarter. Versant Capital Management Inc increased its holdings in Knife River by 501.9% in the 1st quarter. Versant Capital Management Inc now owns 325 shares of the company’s stock valued at $29,000 after purchasing an additional 271 shares during the last quarter. State of Wyoming acquired a new stake in Knife River in the 4th quarter valued at approximately $30,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Knife River in the 1st quarter valued at approximately $35,000. Institutional investors and hedge funds own 80.11% of the company’s stock.

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.