Knife River (NYSE:KNF) Now Covered by JPMorgan Chase & Co.

Analysts at JPMorgan Chase & Co. began coverage on shares of Knife River (NYSE:KNF) in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The firm set a “neutral” rating and a $83.00 price target on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 8.53% from the company’s current price.

KNF has been the subject of a number of other reports. Oppenheimer reduced 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Knife River in a report on Wednesday, October 8th. Wells Fargo & Company upgraded Knife River from an “equal weight” rating to an “overweight” rating and set a $75.00 price objective on the stock in a research report on Tuesday, November 4th. Royal Bank Of Canada reduced their target price on Knife River from $115.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Finally, DA Davidson decreased their price target on shares of Knife River from $105.00 to $95.00 and set a “buy” rating on the stock in a research note on Wednesday, October 1st. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Knife River presently has an average rating of “Moderate Buy” and an average price target of $96.33.

Knife River Stock Up 3.3%

Knife River stock opened at $76.47 on Thursday. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 29.30, a P/E/G ratio of 1.51 and a beta of 0.43. The firm has a fifty day moving average price of $69.04 and a two-hundred day moving average price of $79.03. Knife River has a fifty-two week low of $58.72 and a fifty-two week high of $108.83. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.39 and a quick ratio of 1.47.

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 the consensus estimate of $2.45 by $0.07. The business 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%. As a group, analysts forecast that Knife River will post 4.11 earnings per share for the current year.

Hedge Funds Weigh In On Knife River

A number of institutional investors have recently modified their holdings of the stock. Brooklyn Investment Group increased its holdings in shares of Knife River by 31,200.0% in the first quarter. Brooklyn Investment Group now owns 313 shares of the company’s stock valued at $28,000 after purchasing an additional 312 shares in the last quarter. Hantz Financial Services Inc. increased its stake in shares of Knife River by 141.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 341 shares of the company’s stock valued at $26,000 after buying an additional 200 shares during the period. Country Trust Bank bought a new stake in shares of Knife River during the second quarter worth $40,000. GHP Investment Advisors Inc. bought a new position in Knife River in the second quarter valued at about $48,000. Finally, Quent Capital LLC acquired a new stake in Knife River in the third quarter worth about $47,000. 80.11% of the stock is owned by institutional investors.

About Knife River

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.