Knife River stock slips after a JP Morgan downgrade

Published on 09/03/2026 at 18:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Knife River stock is trading near USD 61.58 as analysts cut the outlook and the latest quarter showed USD 938.57 million in revenue.

Knife River Corporation (US4989041072) stock is changing hands near USD 61.58 after a JP Morgan downgrade that also cut the price target to USD 73 from USD 80. The stock was quoted at a market cap of about USD 3.48 billion, and the latest quarter delivered USD 938.57 million in revenue.

Quarterly numbers matter

According to MarketBeat, Knife River reported adjusted earnings per share of USD 0.77 for the quarter, below the consensus estimate of USD 1.13 by USD 0.36. Revenue reached USD 938.57 million, up 12.6 percent from the same quarter a year earlier, when the company earned USD 0.89 per share.

That mix matters more than the headline price move. The gap to consensus is concrete, and the revenue growth shows the business is still expanding even as earnings missed expectations.

Market value stays firm

Yahoo Finance showed Knife River with a 52-week range of USD 58.72 to USD 96.28, day range of USD 60.73 to USD 62.50, volume of 1,550,138 shares and market cap of USD 3.476 billion as of September 3, 2026. The quote sat close to the lower end of the yearly range, which keeps chart watchers focused on whether USD 60 still holds.

Go deeper

Knife River revenue and margin trend

The latest quarter and the stock quote give a compact view of how the market is pricing the report.

Knife River topic page

Construction materials first

Knife River builds and supplies aggregates, asphalt and ready-mix concrete, so revenue, volume and margin trends tend to move together. The quarter's USD 938.57 million in sales and 12.6 percent growth show the operating base still has scale.

Stock near the lower band

Knife River stock traded at USD 61.58 as of September 3, 2026, with a 52-week range of USD 58.72 to USD 96.28. That leaves the shares only a small distance above the yearly low and well below the high.