Knife River (NYSE:KNF) Given New $114.00 Price Target at Wells Fargo & Company

Knife River (NYSE:KNF) had its target price lifted by Wells Fargo & Company from $102.00 to $114.00 in a research note published on Tuesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Separately, Stephens reiterated an “overweight” rating and issued a $120.00 price target on shares of Knife River in a report on Friday, February 14th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $112.80.

Knife River Stock Performance

NYSE KNF opened at $102.88 on Tuesday. The stock has a market capitalization of $5.83 billion, a price-to-earnings ratio of 29.06, a PEG ratio of 2.36 and a beta of 0.96. The business’s 50 day moving average is $91.85 and its two-hundred day moving average is $97.37. Knife River has a 12-month low of $66.13 and a 12-month high of $108.83. The company has a current ratio of 2.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45.

Knife River (NYSE:KNF) last announced its quarterly earnings data on Tuesday, May 6th. The company reported ($1.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.89) by ($0.32). Knife River had a return on equity of 14.82% and a net margin of 6.96%. The business had revenue of $353.50 million for the quarter, compared to analyst estimates of $343.98 million. During the same period in the prior year, the company earned ($0.84) EPS. The company’s revenue was up 7.3% on a year-over-year basis. Research analysts expect that Knife River will post 4.11 EPS for the current year.

Institutional Trading of Knife River

A number of institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp increased its position in shares of Knife River by 19.1% in the first quarter. Fifth Third Bancorp now owns 661 shares of the company’s stock valued at $60,000 after buying an additional 106 shares in the last quarter. Arizona State Retirement System grew its stake in Knife River by 0.8% in the 4th quarter. Arizona State Retirement System now owns 15,609 shares of the company’s stock valued at $1,586,000 after acquiring an additional 124 shares during the last quarter. Larson Financial Group LLC increased its holdings in Knife River by 58.6% during 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. Greenleaf Trust raised its position in Knife River by 6.7% during the first quarter. Greenleaf Trust now owns 2,567 shares of the company’s stock worth $232,000 after acquiring an additional 162 shares during the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of Knife River by 1.1% in the fourth quarter. Private Advisor Group LLC now owns 15,696 shares of the company’s stock valued at $1,595,000 after acquiring an additional 170 shares in the last quarter. 80.11% of the stock is currently 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.