KBR (NYSE:KBR) Reaches New 12-Month Low – Time to Sell?

Shares of KBR, Inc. (NYSE:KBR) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $52.22 and last traded at $52.48, with a volume of 1112172 shares traded. The stock had previously closed at $53.30.

Analysts Set New Price Targets

Several analysts have commented on KBR shares. TD Cowen dropped their price objective on KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. KeyCorp dropped their price target on shares of KBR from $78.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. UBS Group upped their price objective on shares of KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. DA Davidson reaffirmed a “buy” rating and set a $84.00 price objective on shares of KBR in a report on Tuesday, November 19th. Finally, Citigroup cut their target price on shares of KBR from $82.00 to $76.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $78.00.

KBR Trading Down 1.7 %

The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The company has a 50-day moving average price of $57.25 and a 200-day moving average price of $62.59. The firm has a market capitalization of $6.98 billion, a price-to-earnings ratio of 22.02, a PEG ratio of 0.92 and a beta of 0.83.

Institutional Trading of KBR

A number of institutional investors have recently added to or reduced their stakes in KBR. True Wealth Design LLC purchased a new stake in shares of KBR during the 3rd quarter worth approximately $26,000. UMB Bank n.a. boosted its position in KBR by 49.2% during the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock worth $31,000 after purchasing an additional 175 shares in the last quarter. First Horizon Advisors Inc. purchased a new position in shares of KBR in the fourth quarter valued at $32,000. Eastern Bank acquired a new position in shares of KBR during the 3rd quarter worth $65,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of KBR in the 4th quarter worth about $68,000. Hedge funds and other 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.