Knife River (NYSE:KNF) Now Covered by Wells Fargo & Company

Equities researchers at Wells Fargo & Company assumed coverage on shares of Knife River (NYSE:KNF) in a report released on Monday,Briefing.com Automated Import reports. The firm set an “overweight” rating and a $102.00 price target on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 15.90% from the company’s current price.

Other analysts also recently issued research reports about the stock. Stephens reaffirmed an “overweight” rating and set a $120.00 price objective on shares of Knife River in a research report on Friday, February 14th. Oppenheimer lifted their price target on shares of Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $110.40.

Knife River Stock Performance

Shares of KNF opened at $88.01 on Monday. The company has a current ratio of 2.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45. The firm’s fifty day simple moving average is $99.67 and its two-hundred day simple moving average is $95.38. Knife River has a 12 month low of $66.13 and a 12 month high of $108.83. The stock has a market capitalization of $4.98 billion, a P/E ratio of 24.86, a price-to-earnings-growth ratio of 2.36 and a beta of 0.88.

Knife River (NYSE:KNF) last announced its earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01. Knife River had a return on equity of 14.82% and a net margin of 6.96%. The company had revenue of $657.20 million for the quarter, compared to analyst estimates of $655.80 million. As a group, analysts predict that Knife River will post 4.11 EPS for the current year.

Hedge Funds Weigh In On Knife River

Large investors have recently modified their holdings of the company. State of Wyoming acquired a new position in Knife River during the fourth quarter worth $30,000. Huntington National Bank raised its holdings in shares of Knife River by 586.0% in the 3rd quarter. Huntington National Bank now owns 343 shares of the company’s stock worth $31,000 after acquiring an additional 293 shares during the last quarter. Larson Financial Group LLC lifted its position in Knife River by 58.6% in the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock valued at $43,000 after acquiring an additional 157 shares in the last quarter. GAMMA Investing LLC boosted its stake in Knife River by 72.8% during the 4th quarter. GAMMA Investing LLC now owns 539 shares of the company’s stock valued at $55,000 after purchasing an additional 227 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in Knife River during the 3rd quarter valued at about $60,000. 80.11% of the stock is currently owned by 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.