KBR (NYSE:KBR) Reaches New 52-Week Low – Here’s What Happened

KBR, Inc. (NYSE:KBR)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $51.31 and last traded at $51.48, with a volume of 1007495 shares trading hands. The stock had previously closed at $52.16.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. UBS Group upped their target price on KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Citigroup lowered their target price on KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. KeyCorp lowered their target price on KBR from $78.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. DA Davidson restated a “buy” rating and issued a $84.00 target price on shares of KBR in a research note on Tuesday, November 19th. Finally, TD Cowen lowered their target price 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 investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

KBR Stock Down 1.2 %

The company has a market cap of $6.86 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 0.88 and a beta of 0.83. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The business has a fifty day moving average of $56.66 and a two-hundred day moving average of $62.17.

Hedge Funds Weigh In On KBR

A number of hedge funds have recently made changes to their positions in the company. UMB Bank n.a. raised its holdings in shares of KBR by 49.2% during the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock valued at $31,000 after acquiring an additional 175 shares during the last quarter. Utah Retirement Systems raised its holdings in shares of KBR by 2.9% during the fourth quarter. Utah Retirement Systems now owns 7,200 shares of the construction company’s stock valued at $417,000 after acquiring an additional 200 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of KBR by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 4,122 shares of the construction company’s stock valued at $239,000 after acquiring an additional 203 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings 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 valued at $1,283,000 after acquiring an additional 300 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of KBR by 2.9% during the third quarter. Janney Montgomery Scott LLC now owns 11,764 shares of the construction company’s stock valued at $766,000 after acquiring an additional 335 shares during the last quarter. Institutional investors and hedge funds 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.