While Knife River Corp has overperformed by 2.76%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, KNF rose by 32.72%, with highs and lows ranging from $108.83 to $66.13, whereas the simple moving average jumped by 9.20% in the last 200 days.
On December 13, 2024, Oppenheimer Reiterated Knife River Corp (NYSE: KNF) to Outperform. A report published by Stephens on June 18, 2024, Initiated its previous ‘Overweight’ rating for KNF. Oppenheimer also reiterated KNF shares as ‘Outperform’, quoting a target price of $85 on the company’s shares in a report dated March 22, 2024. Loop Capital initiated its ‘Buy’ rating for KNF, as published in its report on February 13, 2024. BofA Securities’s report from January 05, 2024 suggests a price prediction of $81 for KNF shares, giving the stock a ‘Buy’ rating. Siebert Williams Shank also rated the stock as ‘Buy’.
Analysis of Knife River Corp (KNF)
Further, the quarter-over-quarter increase in sales is 1.59%, showing a positive trend in the upcoming months.
Knife River Corp’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 14.71% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.64, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and KNF has an average volume of 456.10K. On a monthly basis, the volatility of the stock is set at 3.68%, whereas on a weekly basis, it is put at 3.27%, with a gain of 2.89% over the past seven days. Furthermore, long-term investors anticipate a median target price of $119.67, showing growth from the present price of $95.68, which can serve as yet another indication of whether KNF is worth investing in or should be passed over.
How Do You Analyze Knife River Corp Shares?
Building Materials giant Knife River Corp (KNF) is based in the USA and is one of the largest companies in the market. When comparing Knife River Corp shares with other companies under Basic Materials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 27.00, there is a growth in quarterly earnings of 12.38%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.73%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 87.84% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
KNF shares are owned by institutional investors to the tune of 87.84% at present.
