KBR, Inc. (KBR) Given Consensus Rating of “Buy” by Brokerages
Shares of KBR, Inc. (NYSE:KBR) have been given an average recommendation of “Buy” by the thirteen analysts that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $23.20.
KBR has been the topic of a number of recent research reports. Bank of America lifted their price target on shares of KBR from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday, August 13th. Macquarie cut KBR from an “outperform” rating to a “neutral” rating and set a $22.00 price objective for the company. in a report on Wednesday, September 19th. Drexel Hamilton set a $22.00 price objective on KBR and gave the company a “buy” rating in a report on Tuesday, October 30th. Credit Suisse Group lifted their price objective on KBR from $24.00 to $25.00 and gave the company a “neutral” rating in a report on Wednesday, October 31st. Finally, Zacks Investment Research reissued a “strong-buy” rating and set a $23.00 price objective on shares of KBR in a report on Tuesday, November 13th.
Several hedge funds and other institutional investors have recently modified their holdings of KBR. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of KBR in the second quarter valued at about $158,000. Janney Montgomery Scott LLC bought a new position in shares of KBR in the second quarter valued at about $179,000. PEAK6 Investments LLC bought a new position in shares of KBR in the third quarter valued at about $211,000. Point72 Hong Kong Ltd raised its holdings in shares of KBR by 514.1% in the second quarter. Point72 Hong Kong Ltd now owns 12,289 shares of the construction company’s stock valued at $220,000 after buying an additional 10,288 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of KBR in the second quarter valued at about $222,000. 97.78% of the stock is owned by institutional investors.
KBR (NYSE:KBR) last posted its quarterly earnings results on Tuesday, October 30th. The construction company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.07. KBR had a net margin of 11.35% and a return on equity of 13.40%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the company earned $0.35 earnings per share. The business’s revenue was up 23.6% compared to the same quarter last year. On average, sell-side analysts anticipate that KBR will post 1.51 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 17th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, December 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.83%. KBR’s payout ratio is presently 21.48%.
KBR Company Profile
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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