KBR (NYSE:KBR) Price Target Lowered to $76.00 at Citigroup

KBR (NYSE:KBR) had its target price reduced by Citigroup from $82.00 to $76.00 in a report released on Wednesday,Benzinga reports. Citigroup currently has a buy rating on the construction company’s stock.

A number of other research firms also recently commented on KBR. StockNews.com downgraded KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. KeyCorp lowered their price target on KBR from $78.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. 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. DA Davidson reiterated a “buy” rating and set a $84.00 price target on shares of KBR in a report on Tuesday, November 19th. Finally, TD Cowen cut their price objective on KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, KBR currently has an average rating of “Moderate Buy” and an average price target of $78.00.

KBR Trading Down 0.1 %

NYSE:KBR opened at $54.57 on Wednesday. The business has a fifty day moving average of $58.62 and a 200-day moving average of $63.49. The stock has a market cap of $7.27 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 1.01 and a beta of 0.85. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. KBR has a 1 year low of $51.95 and a 1 year high of $72.60.

Hedge Funds Weigh In On KBR

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. raised its stake in KBR by 49.2% during the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock worth $31,000 after buying an additional 175 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of KBR by 1.5% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 19,700 shares of the construction company’s stock worth $1,283,000 after purchasing an additional 300 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of KBR by 2.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 11,764 shares of the construction company’s stock valued at $766,000 after purchasing an additional 335 shares in the last quarter. True Wealth Design LLC acquired a new position in shares of KBR in the 3rd quarter valued at approximately $26,000. Finally, Blue Trust Inc. grew its position in shares of KBR by 32.2% in the 3rd quarter. Blue Trust Inc. now owns 1,926 shares of the construction company’s stock valued at $124,000 after purchasing an additional 469 shares during the period. Institutional investors own 97.02% of the company’s stock.

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.