KBR Inc. (KBR) Given a $16.00 Price Target by MKM Partners Analysts
A number of other analysts have also recently weighed in on KBR. Bank of America Corp. reaffirmed a hold rating on shares of KBR in a research report on Tuesday, May 24th. Credit Suisse Group AG reaffirmed a buy rating on shares of KBR in a research report on Tuesday, May 24th. Zacks Investment Research cut KBR from a hold rating to a sell rating in a research report on Monday, July 4th. Vetr upgraded KBR from a sell rating to a hold rating and set a $14.30 price objective on the stock in a research note on Monday, July 25th. Finally, DA Davidson set a $20.00 price objective on KBR and gave the stock a buy rating in a research note on Monday, August 15th. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. KBR presently has an average rating of Hold and a consensus price target of $16.93.
KBR (NYSE:KBR) opened at 14.21 on Tuesday. KBR has a 12-month low of $11.61 and a 12-month high of $19.94. The firm’s 50-day moving average price is $15.13 and its 200-day moving average price is $14.62. The company has a market cap of $2.02 billion, a P/E ratio of 11.02 and a beta of 1.65.
KBR (NYSE:KBR) last announced its quarterly earnings results on Friday, July 29th. The company reported $0.32 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.32. KBR had a return on equity of 18.60% and a net margin of 4.34%. The company earned $1.01 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the firm earned $0.46 earnings per share. The business’s quarterly revenue was down 26.9% compared to the same quarter last year. Analysts expect that KBR will post $1.34 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Thursday, September 15th will be paid a $0.08 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $0.32 annualized dividend and a dividend yield of 2.25%. KBR’s dividend payout ratio is currently 24.81%.
Large investors have recently added to or reduced their stakes in the stock. Emerald Acquisition Ltd. bought a new stake in KBR during the second quarter valued at $27,089,000. Hotchkis & Wiley Capital Management LLC raised its stake in KBR by 64.3% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 4,747,597 shares of the company’s stock valued at $62,858,000 after buying an additional 1,858,400 shares in the last quarter. Cambiar Investors LLC bought a new stake in KBR during the second quarter valued at $23,832,000. Visium Asset Management LP bought a new stake in KBR during the second quarter valued at $22,525,000. Finally, Allianz Asset Management AG raised its stake in KBR by 108.1% in the second quarter. Allianz Asset Management AG now owns 3,272,968 shares of the company’s stock valued at $43,334,000 after buying an additional 1,700,105 shares in the last quarter. Institutional investors own 97.24% of the company’s stock.
KBR, Inc (KBR) is an engineering, procurement, construction and services company. The Company supports global hydrocarbons and international Government services market sectors. It operates through three business segments: Technology & Consulting (T&C), Engineering & Construction (E&C), and Government Services (GS).
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