Knife River Co. (NYSE:KNF – Get Free Report) saw a significant drop in short interest in July. As of July 31st, there was short interest totalling 1,460,000 shares, a drop of 6.4% from the July 15th total of 1,560,000 shares. Based on an average daily volume of 422,900 shares, the days-to-cover ratio is currently 3.5 days.
Analyst Upgrades and Downgrades
Separately, Stephens initiated coverage on Knife River in a research report on Tuesday, June 18th. They issued an “overweight” rating and a $85.00 price target for the company. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Knife River currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.60.
Check Out Our Latest Research Report on KNF
Hedge Funds Weigh In On Knife River
Knife River Price Performance
Shares of NYSE KNF opened at $74.69 on Wednesday. The company has a market capitalization of $4.23 billion, a PE ratio of 24.09, a PEG ratio of 2.89 and a beta of 0.83. The company has a quick ratio of 1.49, a current ratio of 2.75 and a debt-to-equity ratio of 0.55. The stock’s 50 day moving average price is $73.59 and its 200-day moving average price is $74.39. Knife River has a twelve month low of $46.51 and a twelve month high of $83.78.
Knife River (NYSE:KNF – Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.13. The business had revenue of $806.90 million for the quarter, compared to analysts’ expectations of $803.81 million. Knife River had a return on equity of 14.65% and a net margin of 6.19%. The business’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.00 earnings per share. On average, equities analysts anticipate that Knife River will post 3.51 EPS for the current year.
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.
Read More
- Five stocks we like better than Knife River
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Columbia Sportswear: A Turnaround Story That’s Gaining Ground
- Why is the Ex-Dividend Date Significant to Investors?
- Lowe’s Stock: Hold Now, Buy it When it Dips
- How to Read Stock Charts for Beginners
- ZIM Shipping Stock Soars as the Industry Shows a Bottoming Trend
Receive News & Ratings for Knife River Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knife River and related companies with MarketBeat.com's FREE daily email newsletter.