Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Knife River Corp before investing.

In this article, we go over a few key elements for understanding Knife River Corp’s stock price such as:

• Knife River Corp’s current stock price and volume
• Why Knife River Corp’s stock price changed recently
• Upgrades and downgrades for KNF from analysts
• KNF’s stock price momentum as measured by its relative strength

About Knife River Corp (KNF)

Before we jump into Knife River Corp’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Knife River Corporation is an aggregates-based construction materials and contracting services provider. Its segments include Pacific, Northwest, Mountain, North Central, South and Energy Services. Each geographic segment offers a vertically integrated suite of products and services, including aggregates, ready-mix concrete, asphalt, and contracting services, while the Energy Services segment, which has locations throughout the Company’s geographic footprint, produces and supplies liquid asphalt and related services, primarily for use in asphalt road construction, and is a supplier to some of the other segments. Through its network of 180 active aggregate sites, 102 ready-mix plants and 56 asphalt plants, it supplies construction materials and contracting services to customers in 14 states. Its construction materials are sold to public and private-sector customers, including federal, state, and municipal governments, as well as industrial, commercial, and residential developers.

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Knife River Corp’s Stock Price as of Market Close

As of September 13, 2024, 4:00 PM, CST, Knife River Corp’s stock price was $83.99.

Knife River Corp is up 2.43% from its previous closing price of $82.00.

During the last market session, Knife River Corp’s stock traded between $78.77 and $82.31. Currently, there are 56.61 million shares of Knife River Corp stock available for purchase.

Knife River Corp’s price-earnings (P/E) ratio is currently at 23.6, which is high compared to the Construction Materials industry median of 18.8. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Knife River Corp Stock Price History

Knife River Corp’s (KNF) price is currently up 6.49% so far this month.

During the month of September, Knife River Corp’s stock price has reached a high of $84.52 and a low of $73.91.

Over the last year, Knife River Corp has hit prices as high as $83.78 and as low as $46.51.

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What Caused Knife River Corp Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 12, 2024, there was 1 analyst who downgraded Knife River Corp’s stock and 5 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Knife River Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Knife River Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Knife River Corp’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Knife River Corp (KNF) by visiting AAII Stock Evaluator.

Relative Price Strength of Knife River Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 12, 2024, Knife River Corp has a weighted four-quarter relative price strength of 8.16%, which translates to a Momentum Score of 85 and is considered to be Very Strong.

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Knife River Corp Stock Price: Bottom Line

As of September 13, 2024, Knife River Corp’s stock price is $83.99, which is up 2.43% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Knife River Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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