Knife River Corporation (NYSE:KNF) Stock Has Consensus Target Price of $69.29 According to Brokerages

Knife River Corporation (NYSE:KNF) has been assigned a consensus rating of “Hold” from the eleven analysts that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $69.29.

Several brokerages have issued reports on KNF. JPMorgan Chase & Co. cut their target price on shares of Knife River from $73.00 to $63.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 13th. Wolfe Research raised Knife River from a “peer perform” rating to an “outperform” rating in a research report on Tuesday, October 27th. Citigroup cut Knife River to a “cautious” rating in a research report on Wednesday, September 9th. Stephens set a $80.00 price target on Knife River in a report on Wednesday, August 5th. Finally, Royal Bank Of Canada lowered Knife River from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $103.00 to $58.00 in a research report on Friday, October 9th.

Knife River Stock Performance

Shares of KNF opened at $62.29 on Thursday. The company has a 50-day moving average of $55.40 and a two-hundred day moving average of $73.78. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 1.36 and a beta of 0.40. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.73 and a quick ratio of 1.60. Knife River has a one year low of $47.79 and a one year high of $96.28.

Knife River (NYSE:KNF) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $2.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.58 by ($0.15). The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. Knife River had a net margin of 3.98% and a return on equity of 8.22%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.52 EPS. On average, equities research analysts expect that Knife River will post 2.55 earnings per share for the current year.

Key Knife River News

Here are the key news stories impacting Knife River this week:

• Positive Sentiment: Investor optimism around potential margin improvement may be supporting sentiment. A recent valuation analysis highlights rising margin hopes, though it also raises the question of whether KNF already trades above fair value. Is Knife River Above Fair Value As Margin Hopes Build?
• Neutral Sentiment: Knife River updated its full-year 2026 earnings guidance. Without the revised figures or details on the direction of the change, the impact on expectations is unclear. Knife River Updates Full-Year 2026 Earnings Guidance
• Negative Sentiment: Q3 results missed analyst expectations: adjusted earnings were $2.43 per share versus a roughly $2.58 consensus, and revenue was $1.28 billion versus estimates of $1.30 billion. EPS also declined from $2.52 a year earlier, although revenue grew 6% year over year. Knife River Falls Short of Q3 2026 Profit Forecast

Institutional Investors Weigh In On Knife River

A number of institutional investors have recently bought and sold shares of KNF. Parallel Advisors LLC raised its stake in shares of Knife River by 49.2% during the 3rd quarter. Parallel Advisors LLC now owns 591 shares of the company’s stock worth $30,000 after purchasing an additional 195 shares in the last quarter. William Mack & Associates Inc. acquired a new stake in shares of Knife River during the 3rd quarter valued at about $34,000. Asset Management One Co. Ltd. grew its position in Knife River by 40.6% in the third quarter. Asset Management One Co. Ltd. now owns 3,986 shares of the company’s stock worth $201,000 after acquiring an additional 1,151 shares in the last quarter. Signaturefd LLC grew its position in Knife River by 267.1% in the third quarter. Signaturefd LLC now owns 826 shares of the company’s stock worth $42,000 after acquiring an additional 601 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. increased its stake in shares of Knife River by 26.4% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 4,000 shares of the company’s stock worth $202,000 after purchasing an additional 836 shares during the last quarter. 80.11% of the stock is currently owned by institutional investors and hedge funds.

Knife River Company Profile

Knife River Corporation is a construction materials and contracting company headquartered in Bismarck, North Dakota. The company produces and sells construction aggregates, asphalt, ready-mix concrete and cement, and also provides related construction services for transportation, commercial, residential and industrial projects.

Its operations include aggregate mining and processing, asphalt and concrete production, paving, site development and other heavy-construction activities. Knife River serves public-sector and private-sector customers, including state and local governments, contractors, commercial developers and industrial businesses.

Knife River became an independent publicly traded company in 2023 after being spun off from MDU Resources Group.