From MarketBeat:



Shares of Knife River Co. hit a new 52-week high after Siebert Williams Shank raised their price target on the stock from $65.00 to $76.00. The stock traded as high as $66.63 and last traded at $66.57, with a volume of 77514 shares trading hands. Hedge funds recently bought and sold shares of the company, with 67.14% of the stock being owned by hedge funds and other institutional investors. The company has seen a 50-day simple moving average of $57.65 and a two-hundred day simple moving average of $51.11.

Knife River Corporation provides aggregates-based construction materials and contracting services in the United States. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. The company last issued its quarterly earnings results on Monday, November 6th, reporting $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.72.

As a group, research analysts predict that Knife River Co. will post 3.15 earnings per share for the current year. Despite having a “Buy” rating among analysts, top-rated analysts believe there are better buys than Knife River currently.



Read more: Knife River (NYSE:KNF) Reaches New 12-Month High After Analyst Upgrade