Citigroup Inc. Raises KBR, Inc. (KBR) Price Target to $20.00

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.

TRADEMARK VIOLATION NOTICE: This piece was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of US & international copyright laws. The correct version of this piece can be read at https://ledgergazette.com/2017/11/13/kbr-inc-kbr-price-target-raised-to-20-00-at-citigroup-inc.html.

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.

About KBR

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.

Analyst Recommendations for KBR (NYSE:KBR)

Receive News & Ratings for KBR Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KBR Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply