In yesterday’s Wall Street session, Knife River Corp (NYSE:KNF) shares traded at $72.22, up 2.92% from the previous session.
KNF stock price is now -7.16% away from the 50-day moving average and 13.40% away from the 200-day moving average. The market capitalization of the company currently stands at $4.09B.
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With the price target enhanced from $75 to $85, Oppenheimer maintained Outperform rating for Knife River Corp (NYSE: KNF). , while ‘Loop Capital’ rates the stock as ‘Buy’
In other news, Gray Brian R., President & CEO bought 1 shares of the company’s stock on Feb 29 ’24. The stock was bought for $74 at an average price of $73.65. Upon completion of the transaction, the President & CEO now directly owns 8,167 shares in the company, valued at $0.59 million. A total of 0.77% of the company’s stock is owned by insiders.
During the past 12 months, Knife River Corp has had a low of $33.67 and a high of $83.78. As of last week, the company has a debt-to-equity ratio of 0.60, a current ratio of 2.75, and a quick ratio of 1.49. According to the stock market information, the enterprise value for the company is $4644139008, which is based on a 23.15 price-to-earnings ratio, a 1.03 price-to-earnings-growth ratio, and a beta of 1.13. The fifty day moving average price for KNF is $77.7126 and a two-hundred day moving average price translates $63.79645 for the stock.
The latest earnings results from Knife River Corp (NYSE: KNF) was released for 2024-03-31. According to the Building Materials Company, earnings per share came in at 1, beating analysts’ expectations of 0.58 by 0.42. This compares to -$0.73 EPS in the same period last year. The net profit margin was 6.19% and return on equity was 16.10% for KNF. The company reported revenue of $329.59 million for the quarter, compared to $307.9 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.04 percent. For the current quarter, analysts expect KNF to generate $794.7M in revenue.
