Last Updated: 14 Nov 2024
Executive Summary
Knife River Corporation (KNF) is a leading provider of aggregates-based construction materials and contracting services in the United States. The company has a strong financial position with a market capitalization of $5.46 billion, EBITDA of $455.9 million, and EPS of $3.51. Analysts have a positive outlook on KNF, with a consensus target price of $107.75 and 5 out of 6 analysts rating the stock as a "Strong Buy" or "Buy."
Company Overview
Knife River Corporation is headquartered in Bismarck, North Dakota, and has operations in 23 states. The company's products and services include aggregates, asphalt, concrete, and construction services. KNF serves a diverse range of customers, including government agencies, contractors, and commercial businesses.
Fundamental Analysis
KNF has a strong financial performance with revenue growing by 1.4% year-over-year to $2.89 billion in the latest quarter. The company's profit margin is 6.89%, and its return on assets and equity are 7.26% and 14.8%, respectively. KNF has a low debt-to-equity ratio of 0.34, indicating a strong financial position.
Technical Analysis
The technical analysis of KNF's stock price shows that the stock is currently trading above its 50-day and 200-day moving averages. The stock is also trading within a bullish trend channel, which indicates that the stock is likely to continue to rise in the short term.
Short Term Outlook
The short-term outlook for KNF is positive. The company's strong financial performance and positive analyst sentiment suggest that the stock is likely to continue to rise in the short term. The stock is currently trading at $95.38, and it is expected to reach the analyst target price of $107.75 within the next 12 months.
Long Term Outlook
The long-term outlook for KNF is also positive. The company is well-positioned to benefit from the growing demand for construction materials and services in the United States. The company's strong financial position and experienced management team should allow it to continue to grow in the long term.
Analyst Recommendations
Analysts have a positive outlook on KNF, with 3 analysts rating the stock as a "Strong Buy," 2 analysts rating the stock as a "Buy," and 1 analyst rating the stock as a "Hold." The consensus target price for KNF is $107.75, which represents a potential upside of 13.1% from the current price.
