ValuEngine upgraded shares of KBR (NYSE:KBR) from a sell rating to a hold rating in a research note issued to investors on Monday, February 4th.
A number of other brokerages also recently weighed in on KBR. Zacks Investment Research reissued a strong-buy rating and set a $23.00 price target on shares of KBR in a research report on Tuesday, November 13th. Credit Suisse Group upped their target price on KBR from $24.00 to $25.00 and gave the company a neutral rating in a research report on Wednesday, October 31st. Drexel Hamilton set a $22.00 target price on KBR and gave the company a buy rating in a research report on Tuesday, October 30th. Cowen began coverage on KBR in a research note on Monday, January 28th. They issued a market perform rating and a $20.00 price target for the company. Finally, Deutsche Bank cut KBR from a buy rating to a hold rating in a research note on Friday, January 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. KBR currently has an average rating of Hold and a consensus price target of $22.60.
KBR stock opened at $19.88 on Monday. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 12.99, a price-to-earnings-growth ratio of 1.38 and a beta of 1.32. KBR has a 1-year low of $13.90 and a 1-year high of $22.22. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.29 and a current ratio of 1.29.
KBR (NYSE:KBR) last issued its quarterly earnings results on Tuesday, February 26th. The construction company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.24 billion. KBR had a return on equity of 13.40% and a net margin of 11.35%. The company’s quarterly revenue was up 43.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 earnings per share. Analysts predict that KBR will post 1.67 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund grew its holdings in KBR by 1,450.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 855,408 shares of the construction company’s stock worth $56,000 after acquiring an additional 800,245 shares during the period. Meeder Asset Management Inc. grew its holdings in KBR by 333.2% during the 4th quarter. Meeder Asset Management Inc. now owns 10,505 shares of the construction company’s stock worth $161,000 after acquiring an additional 8,080 shares during the period. NumerixS Investment Technologies Inc bought a new position in shares of KBR during the 4th quarter worth about $182,000. PEAK6 Investments LLC bought a new position in shares of KBR during the 3rd quarter worth about $211,000. Finally, Dupont Capital Management Corp bought a new position in shares of KBR during the 4th quarter worth about $233,000. Institutional investors and hedge funds own 97.74% of the company’s stock.
KBR, Inc provides professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries worldwide. The company operates through three segments: Government Services, Technology & Consulting, and Engineering & Construction. The Government Services segment offers life-cycle support solutions to defense, space, aviation, and other programs and missions for government agencies in the United States, the United Kingdom, and Australia.
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