RBC Capital Reiterates Buy Rating on Knife River Corporation
RBC Capital maintains its buy rating on Knife River Corporation, setting a price target of $107, a 27.91% upside from the current price.
Key Points
- RBC Capital reiterated its buy rating on Knife River Corporation and set a price target of $107 as of June 30, 2026.
- RBC Capital's $107 price target implies 27.91% upside from Knife River Corporation's ($KNF) current $83.65 share price.
- Knife River shares traded near $85.99 on Tuesday, with a market cap of $5.28 billion and a P/E ratio of 36.17.
- BlackRock reduced its holdings in Knife River slightly, while Vanguard Portfolio Management opened a new position.
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RBC Capital has reiterated its buy rating on Knife River Corporation (NYSE:KNF), setting a price target of $107. This update from analyst Anthony Codling came on June 30, 2026, as shares traded near $85.99.
RBC Capital vs. the S&P 500
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Knife River Corporation Stock Up 30.2%
Shares of NYSE:KNF traded around $85.99 on Tuesday. Knife River Corporation, with a market capitalization of approximately $5.28 billion, has a P/E ratio of 36.17 and a forward P/E of 22.69. The company's beta is 0.531, indicating lower volatility compared to the market. The stock's 52-week range is between $58.72 and $96.28, with a 50-day moving average of $82.74 and a 200-day moving average of $77.51. Knife River maintains a current ratio of 2.675 and a quick ratio of 0.902, with a debt-to-equity ratio of 95.104.
$KNF price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Knife River reported revenues of about $3.20 billion, reflecting a growth rate of 16%. The company achieved a net margin of 4.58% and a return on equity of 9.88%. Earnings per share stood at $2.57. Knife River is expected to announce its next earnings report on August 4, 2026.
Insider Buying and Selling at Knife River Corporation
On May 20, 2026, several insiders, including William Sandbrook and German Carmona-Alvarez, each purchased 2,040 shares of Knife River. Patricia Chiodo, Patricia Moss, Karen Fagg, and Thomas Hill also made similar transactions. These purchases were not part of a pre-arranged trading plan.
Analysts Set New Price Targets
On June 30, 2026, RBC Capital maintained its buy rating for Knife River with a $107 price target. Earlier, on May 28, 2026, Oppenheimer assumed coverage with a buy rating and a $95 target. JP Morgan maintained a hold rating with a $95 target on May 6, 2026, while Wells Fargo kept a sell rating with an $80 target on April 15, 2026. The consensus among analysts is a buy, with a mean target price of $104.11.
About Knife River Corporation
Knife River Corporation, headquartered in Bismarck, North Dakota, is a key player in the Basic Materials sector, specializing in Building Materials. The company, led by CEO Mr. Brian R. Gray, employs approximately 5,298 people. It offers a range of products and services, including aggregates-based construction materials, contracting services, and liquid asphalt production. Knife River serves both public and private sector clients across the United States.
Bottom Line
RBC Capital's reiterated buy rating and $107 target for Knife River Corporation underscores its positive outlook on the company's prospects. Investors often track these analyst updates for insights into potential stock performance. Remember, these analyst ratings are based on past data and may not reflect current conditions.
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