KBR, Inc. (NYSE:KBR) had its target price hoisted by equities research analysts at Citigroup Inc. from $17.00 to $20.00 in a research note issued to investors on Friday, October 27th. The brokerage presently has a “neutral” rating on the construction company’s stock. Citigroup Inc.’s price target would indicate a potential downside of 4.12% from the stock’s current price.
KBR has been the subject of a number of other research reports. BidaskClub cut KBR from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. Zacks Investment Research cut KBR from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. KeyCorp reissued a “buy” rating and issued a $20.00 price objective on shares of KBR in a research report on Friday, October 6th. Deutsche Bank AG upped their target price on KBR from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, October 24th. Finally, TheStreet upgraded KBR from a “d+” rating to a “c-” rating in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $20.88.
Shares of KBR (NYSE:KBR) traded up $0.04 during trading on Friday, reaching $20.86. The company’s stock had a trading volume of 3,095,300 shares, compared to its average volume of 2,004,627. The company has a market capitalization of $2,917.86, a PE ratio of 35.91, a P/E/G ratio of 1.59 and a beta of 1.07. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.59. KBR has a 52-week low of $13.36 and a 52-week high of $21.25.
KBR (NYSE:KBR) last announced its earnings results on Tuesday, October 31st. The construction company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.05 billion. KBR had a return on equity of 10.22% and a net margin of 1.63%. The company’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.44) earnings per share. analysts expect that KBR will post 1.46 EPS for the current year.
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Several large investors have recently made changes to their positions in the company. NGAM Advisors L.P. increased its stake in shares of KBR by 1.0% in the second quarter. NGAM Advisors L.P. now owns 19,629 shares of the construction company’s stock valued at $299,000 after buying an additional 201 shares in the last quarter. Ngam Advisors L.P. increased its stake in shares of KBR by 1.6% in the first quarter. Ngam Advisors L.P. now owns 19,428 shares of the construction company’s stock valued at $292,000 after buying an additional 309 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in KBR by 3.4% in the second quarter. Teacher Retirement System of Texas now owns 11,603 shares of the construction company’s stock valued at $177,000 after acquiring an additional 381 shares during the last quarter. Amalgamated Bank boosted its holdings in KBR by 3.0% in the first quarter. Amalgamated Bank now owns 22,608 shares of the construction company’s stock valued at $340,000 after acquiring an additional 663 shares during the last quarter. Finally, State Treasurer State of Michigan boosted its holdings in KBR by 1.7% in the second quarter. State Treasurer State of Michigan now owns 59,042 shares of the construction company’s stock valued at $899,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors own 99.73% of the company’s stock.
KBR, Inc is a provider of professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. The Company operates through business segments, including Technology & Consulting (T&C), Engineering & Construction (E&C), Government Services (GS), Non-strategic Business and Other.
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