Knife River (NYSE:KNF) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen cut shares of Knife River (NYSE:KNF) from a hold rating to a sell rating in a research note published on Sunday.

Several other equities analysts have also recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Knife River in a research note on Wednesday, October 8th. UBS Group upgraded shares of Knife River to an “overweight” rating in a research note on Tuesday, November 4th. Oppenheimer cut their price target on shares of Knife River from $120.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. Royal Bank Of Canada dropped their target price on Knife River from $115.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Finally, DA Davidson reduced their price target on Knife River from $105.00 to $95.00 and set a “buy” rating for the company in a report on Wednesday, October 1st. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $99.00.

Knife River Price Performance

Shares of KNF opened at $69.45 on Friday. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of 26.61, a price-to-earnings-growth ratio of 1.42 and a beta of 0.53. Knife River has a fifty-two week low of $58.72 and a fifty-two week high of $108.83. The firm has a 50-day simple moving average of $70.27 and a 200-day simple moving average of $81.16. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.47 and a current ratio of 2.39.

Knife River (NYSE:KNF) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.07. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Knife River had a return on equity of 9.97% and a net margin of 4.87%. Knife River has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Knife River will post 4.11 earnings per share for the current year.

Institutional Investors Weigh In On Knife River

Institutional investors and hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its position in Knife River by 9.3% during the first quarter. Envestnet Asset Management Inc. now owns 41,779 shares of the company’s stock worth $3,769,000 after purchasing an additional 3,543 shares in the last quarter. Cerity Partners LLC boosted its position in shares of Knife River by 1.8% in the 1st quarter. Cerity Partners LLC now owns 24,847 shares of the company’s stock worth $2,241,000 after buying an additional 445 shares in the last quarter. CWM LLC boosted its position in shares of Knife River by 9.5% in the 1st quarter. CWM LLC now owns 7,360 shares of the company’s stock worth $664,000 after buying an additional 640 shares in the last quarter. Verdence Capital Advisors LLC grew its stake in Knife River by 40.2% in the 1st quarter. Verdence Capital Advisors LLC now owns 3,423 shares of the company’s stock valued at $309,000 after acquiring an additional 982 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in Knife River during the 1st quarter valued at about $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.