KBR (NYSE:KBR) Price Target Raised to $83.00

KBR (NYSE:KBR) had its price objective hoisted by equities researchers at Stifel Nicolaus from $80.00 to $83.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Stifel Nicolaus’ target price points to a potential upside of 29.69% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Truist Financial lifted their target price on KBR from $72.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. KeyCorp boosted their price objective on KBR from $63.00 to $65.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. UBS Group reduced their target price on KBR from $65.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, February 2nd. StockNews.com upgraded shares of KBR from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. Finally, Citigroup increased their price objective on shares of KBR from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Monday. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, KBR presently has an average rating of “Buy” and an average target price of $73.43.

KBR Stock Performance

KBR traded up $0.88 during midday trading on Tuesday, reaching $64.00. The company’s stock had a trading volume of 550,453 shares, compared to its average volume of 1,291,510. KBR has a twelve month low of $49.37 and a twelve month high of $65.87. The stock has a market cap of $8.62 billion, a P/E ratio of -31.24, a PEG ratio of 1.33 and a beta of 0.95. The company has a fifty day simple moving average of $60.96 and a 200 day simple moving average of $56.78. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.29.

KBR (NYSE:KBR) last announced its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.69 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.69. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.78 billion. KBR had a negative net margin of 3.81% and a positive return on equity of 25.08%. KBR’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the company posted $0.69 earnings per share. Research analysts expect that KBR will post 3.19 earnings per share for the current year.

Insider Buying and Selling at KBR

In related news, EVP Jennifer Myles sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $58.95, for a total value of $471,600.00. Following the completion of the sale, the executive vice president now owns 38,524 shares of the company’s stock, valued at $2,270,989.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.08% of the company’s stock.

Hedge Funds Weigh In On KBR

Several large investors have recently bought and sold shares of KBR. State of Michigan Retirement System increased its position in shares of KBR by 0.6% in the 4th quarter. State of Michigan Retirement System now owns 32,411 shares of the construction company’s stock valued at $1,796,000 after buying an additional 200 shares in the last quarter. Prosperity Financial Group Inc. raised its position in shares of KBR by 5.3% during the third quarter. Prosperity Financial Group Inc. now owns 4,254 shares of the construction company’s stock worth $251,000 after purchasing an additional 215 shares during the period. Daiwa Securities Group Inc. lifted its holdings in shares of KBR by 1.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 20,303 shares of the construction company’s stock valued at $1,125,000 after purchasing an additional 260 shares in the last quarter. Harbour Capital Advisors LLC grew its position in shares of KBR by 0.5% in the 1st quarter. Harbour Capital Advisors LLC now owns 54,135 shares of the construction company’s stock valued at $3,412,000 after purchasing an additional 265 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its stake in KBR by 2.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 13,338 shares of the construction company’s stock worth $739,000 after purchasing an additional 267 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

About KBR

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.