KBR, Inc. (NYSE:KBR) had its price target lifted by analysts at Citigroup Inc. from $17.00 to $20.00 in a research report issued to clients and investors on Friday, October 27th. The firm presently has a “neutral” rating on the construction company’s stock. Citigroup Inc.’s price target points to a potential downside of 4.12% from the stock’s current price.
Several other research firms have also recently commented on KBR. Zacks Investment Research upgraded shares of KBR from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. TheStreet raised shares of KBR from a “d+” rating to a “c-” rating in a research note on Thursday, August 3rd. Deutsche Bank AG boosted their price target on shares of KBR from $18.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, October 24th. BidaskClub upgraded shares of KBR from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, KeyCorp set a $20.00 price target on shares of KBR and gave the stock a “buy” rating in a research note on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. KBR currently has an average rating of “Buy” and a consensus price target of $20.88.
Shares of KBR (KBR) traded up $0.04 during mid-day trading on Friday, reaching $20.86. 3,095,300 shares of the company’s stock were exchanged, compared to its average volume of 2,004,627. KBR has a 52-week low of $13.36 and a 52-week 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 firm has a market cap of $2,920.00, a price-to-earnings ratio of 35.97, a P/E/G 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 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the firm earned ($0.44) EPS. The company’s revenue was down 3.6% on a year-over-year basis. research analysts predict that KBR will post 1.46 EPS for the current fiscal year.
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Institutional investors have recently added to or reduced their stakes in the stock. OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake in 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 valued at $114,000 after buying an additional 5,800 shares in the last quarter. Strs Ohio lifted its stake in KBR by 141.7% in the third quarter. Strs Ohio now owns 8,700 shares of the construction company’s stock valued at $155,000 after buying an additional 5,100 shares in the last quarter. Shelton Capital Management bought a new position in KBR in the second quarter valued at approximately $160,000. GSA Capital Partners LLP bought a new position in KBR in the second quarter valued at approximately $162,000. Finally, Paragon Capital Management Ltd acquired a new stake in shares of KBR in the second quarter valued at approximately $172,000. 99.73% of the stock is currently owned by institutional investors and hedge funds.
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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