Is Knife River Corp (KNF) Stock a Good Buy for Short-term Investors?

At the time of writing, Knife River Corp [KNF] stock is trading at $106.51, up 4.11%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The KNF shares have gain 4.07% over the last week, with a monthly amount glided 12.51%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Knife River Corp [NYSE: KNF] stock has seen the most recent analyst activity on December 13, 2024, when Oppenheimer reiterated its Outperform rating and also boosted its price target to $120 from $110. Previously, Stephens started tracking the stock with Overweight rating on June 18, 2024, and set its price target to $85. On March 22, 2024, Oppenheimer reiterated its Outperform rating and revised its price target to $85 on the stock. Wolfe Research started tracking the stock assigning a Peer Perform rating. Loop Capital initiated its recommendation with a Buy and recommended $81 as its price target on February 13, 2024. BofA Securities started tracking with a Buy rating for this stock on January 05, 2024, and assigned it a price target of $81. In a note dated December 26, 2023, Siebert Williams Shank reiterated an Buy rating on this stock and boosted its target price from $65 to $76.

For the past year, the stock price of Knife River Corp fluctuated between $61.50 and $107.96. Currently, Wall Street analysts expect the stock to reach $103 within the next 12 months. Knife River Corp [NYSE: KNF] shares were valued at $106.51 at the most recent close of the market. An investor can expect a potential drop of -3.3% based on the average KNF price forecast.

Analyzing the KNF fundamentals

According to Knife River Corp [NYSE:KNF], the company’s sales were 2.89B for trailing twelve months, which represents an 1.37% jump. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.15 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.47.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 103.38 points at the first support level, and at 100.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 108.21, and for the 2nd resistance point, it is at 109.91.

Ratios To Look Out For

It is important to note that Knife River Corp [NYSE:KNF] has a current ratio of 2.72. Further, the Quick Ratio stands at 1.91, while the Cash Ratio is 0.63. Considering the valuation of this stock, the price to sales ratio is 2.03, the price to book ratio is 4.16 and price to earnings (TTM) ratio is 30.44.