KBR, Inc. (NYSE:KBR) Receives $78.86 Consensus Price Target from Analysts

KBR, Inc. (NYSE:KBR) has been assigned an average rating of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $78.86.

A number of research firms have recently commented on KBR. UBS Group upped their price objective on shares of KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Citigroup raised their price target on shares of KBR from $76.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. TD Cowen cut their target price on KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. KeyCorp reduced their price objective on KBR from $78.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Finally, DA Davidson restated a “buy” rating and issued a $84.00 price target on shares of KBR in a research note on Tuesday, November 19th.

KBR Price Performance

KBR stock opened at $59.62 on Thursday. The business has a 50 day simple moving average of $60.27 and a 200-day simple moving average of $63.96. KBR has a 12 month low of $51.60 and a 12 month high of $72.60. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $7.94 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 0.99 and a beta of 0.85.

KBR (NYSE:KBR) last released its earnings results on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, meeting analysts’ consensus estimates of $0.84. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.95 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. KBR’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 earnings per share. Equities analysts predict that KBR will post 3.26 earnings per share for the current year.

Institutional Trading of KBR

Several hedge funds have recently bought and sold shares of the stock. Pier 88 Investment Partners LLC lifted its position in KBR by 25.9% during the 3rd quarter. Pier 88 Investment Partners LLC now owns 50,710 shares of the construction company’s stock worth $3,303,000 after buying an additional 10,420 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of KBR in the third quarter valued at about $771,000. Franklin Resources Inc. lifted its holdings in KBR by 14.5% during the 3rd quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock worth $167,876,000 after purchasing an additional 305,889 shares during the last quarter. Asset Management One Co. Ltd. bought a new stake in KBR in the 3rd quarter valued at about $1,928,000. Finally, Versor Investments LP bought a new position in shares of KBR in the third quarter worth $1,954,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

KBR Company Profile

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.