KBR, Inc. (NYSE:KBR) was downgraded by DA Davidson from a “buy” rating to a “neutral” rating in a note issued to investors on Wednesday, November 1st, MarketBeat.com reports. They presently have a $22.00 price target on the construction company’s stock. DA Davidson’s price objective points to a potential upside of 18.03% from the company’s current price. DA Davidson also issued estimates for KBR’s Q4 2017 earnings at $0.31 EPS, FY2017 earnings at $1.47 EPS, Q1 2018 earnings at $0.31 EPS, Q2 2018 earnings at $0.30 EPS, Q3 2018 earnings at $0.36 EPS, FY2018 earnings at $1.35 EPS and FY2019 earnings at $1.54 EPS.
Several other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of KBR from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. BidaskClub downgraded shares of KBR from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. KeyCorp set a $20.00 price target on shares of KBR and gave the company a “buy” rating in a research note on Friday, August 25th. TheStreet raised shares of KBR from a “d+” rating to a “c-” rating in a research note on Thursday, August 3rd. Finally, Citigroup Inc. upped their price target on shares of KBR from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $20.88.
KBR (NYSE:KBR) traded down $2.22 during mid-day trading on Wednesday, hitting $18.64. 4,171,618 shares of the stock traded hands, compared to its average volume of 2,004,627. KBR has a 1 year low of $13.36 and a 1 year high of $21.25. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a market capitalization of $2,920.00, a P/E ratio of 35.97, a PEG ratio of 1.59 and a beta of 1.07.
KBR (NYSE:KBR) last released its earnings results on Tuesday, October 31st. The construction company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. KBR had a net margin of 1.63% and a return on equity of 10.22%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the firm earned ($0.44) earnings per share. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. equities analysts expect that KBR will post 1.46 EPS for the current fiscal year.
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Several hedge funds and other institutional investors have recently bought and sold shares of KBR. OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in shares of KBR by 322.2% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,600 shares of the construction company’s stock worth $114,000 after purchasing an additional 5,800 shares during the last quarter. Strs Ohio grew its holdings in shares of KBR by 141.7% in the third quarter. Strs Ohio now owns 8,700 shares of the construction company’s stock worth $155,000 after purchasing an additional 5,100 shares during the last quarter. Shelton Capital Management bought a new position in shares of KBR in the second quarter worth about $160,000. GSA Capital Partners LLP bought a new position in shares of KBR in the second quarter worth about $162,000. Finally, Paragon Capital Management Ltd bought a new position in shares of KBR in the second quarter worth about $172,000. Hedge funds and other institutional investors own 99.73% of the company’s stock.
KBR, Inc is a provider of professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. The Company operates through business segments, including Technology & Consulting (T&C), Engineering & Construction (E&C), Government Services (GS), Non-strategic Business and Other.
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