Fintel reports that on June 18, 2024, Stephens & Co. initiated coverage of Knife River (NYSE:KNF) with a Overweight recommendation.
Analyst Price Forecast Suggests 25.88% Upside
As of June 12, 2024, the average one-year price target for Knife River is 89.93. The forecasts range from a low of 65.65 to a high of $118.65. The average price target represents an increase of 25.88% from its latest reported closing price of 71.44.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Knife River is 2,868MM, an increase of 0.56%. The projected annual non-GAAP EPS is 2.42.
What is the Fund Sentiment?
There are 715 funds or institutions reporting positions in Knife River. This is an increase of 77 owner(s) or 12.07% in the last quarter. Average portfolio weight of all funds dedicated to KNF is 0.23%, an increase of 9.52%. Total shares owned by institutions increased in the last three months by 1.70% to 52,197K shares. 
The put/call ratio of KNF is 0.40, indicating a bullish outlook.
What are Other Shareholders Doing?
Barrow Hanley Mewhinney & Strauss holds 1,840K shares representing 3.25% ownership of the company. In its prior filing, the firm reported owning 1,853K shares , representing a decrease of 0.69%. The firm decreased its portfolio allocation in KNF by 34.23% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,780K shares representing 3.14% ownership of the company. In its prior filing, the firm reported owning 1,775K shares , representing an increase of 0.28%. The firm increased its portfolio allocation in KNF by 12.01% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 1,761K shares representing 3.11% ownership of the company. In its prior filing, the firm reported owning 1,717K shares , representing an increase of 2.50%. The firm increased its portfolio allocation in KNF by 13.10% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 1,443K shares representing 2.55% ownership of the company. In its prior filing, the firm reported owning 1,440K shares , representing an increase of 0.17%. The firm increased its portfolio allocation in KNF by 13.07% over the last quarter.
IWM - iShares Russell 2000 ETF holds 1,385K shares representing 2.45% ownership of the company. In its prior filing, the firm reported owning 1,508K shares , representing a decrease of 8.81%. The firm increased its portfolio allocation in KNF by 15.95% over the last quarter.
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