KBR (NYSE:KBR) Price Target Increased to $84.00 by Analysts at Stifel Nicolaus

KBR (NYSE:KBR) had its price objective increased by investment analysts at Stifel Nicolaus from $83.00 to $84.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 25.41% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on the stock. Truist Financial upped their price objective on shares of KBR from $72.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Citigroup upped their price objective on shares of KBR from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. UBS Group decreased their price objective on shares of KBR from $65.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, February 2nd. KeyCorp increased their price target on shares of KBR from $63.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 21st. Finally, StockNews.com raised shares of KBR from a “hold” rating to a “buy” rating in a research report on Wednesday, March 20th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $74.00.

KBR Stock Up 0.7 %

NYSE KBR traded up $0.49 during trading hours on Thursday, hitting $66.98. The company had a trading volume of 83,547 shares, compared to its average volume of 1,309,332. KBR has a fifty-two week low of $49.37 and a fifty-two week high of $68.68. The company has a market capitalization of $8.99 billion, a price-to-earnings ratio of -34.94, a P/E/G ratio of 1.29 and a beta of 0.92. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.10 and a quick ratio of 1.10. The firm’s 50 day moving average is $63.04 and its 200 day moving average is $57.24.

KBR (NYSE:KBR) last announced its quarterly earnings results on Tuesday, April 30th. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.07. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.78 billion. KBR had a positive return on equity of 26.14% and a negative net margin of 3.65%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.67 EPS. Sell-side analysts anticipate that KBR will post 3.21 earnings per share for the current fiscal year.

Insider Buying and Selling

In other KBR 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 sale, the executive vice president now owns 38,524 shares in the company, valued at $2,270,989.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.08% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Jennison Associates LLC increased its stake in shares of KBR by 7.0% during the fourth quarter. Jennison Associates LLC now owns 1,526,058 shares of the construction company’s stock valued at $84,559,000 after acquiring an additional 99,196 shares during the period. UBS Group AG boosted its holdings in KBR by 14.6% during the third quarter. UBS Group AG now owns 427,656 shares of the construction company’s stock worth $25,206,000 after buying an additional 54,623 shares in the last quarter. Custom Index Systems LLC bought a new stake in KBR during the fourth quarter worth approximately $275,000. Strs Ohio boosted its holdings in KBR by 212.1% during the third quarter. Strs Ohio now owns 89,524 shares of the construction company’s stock worth $5,276,000 after buying an additional 60,840 shares in the last quarter. Finally, AXQ Capital LP boosted its holdings in KBR by 687.1% during the third quarter. AXQ Capital LP now owns 24,400 shares of the construction company’s stock worth $1,438,000 after buying an additional 21,300 shares in the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

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.