Knife River (NYSE:KNF – Free Report) had its target price lifted by Oppenheimer from $85.00 to $110.00 in a research report released on Monday morning, Benzinga reports. They currently have an outperform rating on the stock.
Knife River Price Performance
KNF opened at $92.65 on Monday. 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 has a 52-week low of $46.51 and a 52-week high of $95.85. The stock has a market capitalization of $5.24 billion, a PE ratio of 29.89, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82. The stock’s 50 day moving average price is $84.70 and its 200-day moving average price is $78.00.
Knife River (NYSE:KNF – Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $803.81 million. During the same period in the previous year, the firm earned $1.00 earnings per share. The business’s revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts predict that Knife River will post 3.72 EPS for the current year.
Hedge Funds Weigh In On Knife River
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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