KBR, Inc. (KBR) Stock Rating Reaffirmed by KeyCorp
KBR, Inc. (NYSE:KBR)‘s stock had its “buy” rating restated by equities research analysts at KeyCorp in a research note issued to investors on Friday. They presently have a $20.00 target price on the construction company’s stock. KeyCorp’s price objective suggests a potential upside of 11.86% from the company’s previous close.
Other equities analysts have also recently issued reports about the stock. TheStreet raised shares of KBR from a “d+” rating to a “c-” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of KBR from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Finally, BidaskClub raised shares of KBR from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $19.00.
Shares of KBR (NYSE:KBR) opened at 17.88 on Friday. KBR has a 1-year low of $13.17 and a 1-year high of $18.28. The firm has a 50-day moving average of $17.00 and a 200 day moving average of $15.50. The company’s market capitalization is $2.50 billion.
KBR (NYSE:KBR) last released its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. KBR had a negative net margin of 0.81% and a positive return on equity of 8.74%. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the company earned $0.35 EPS. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, analysts anticipate that KBR will post $1.43 EPS for the current year.
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Several hedge funds have recently added to or reduced their stakes in KBR. Quantbot Technologies LP bought a new stake in KBR during the 1st quarter valued at about $109,000. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in KBR by 322.2% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,600 shares of the construction company’s stock valued at $114,000 after buying an additional 5,800 shares in the last quarter. Shelton Capital Management bought a new stake in KBR during the 2nd quarter valued at about $160,000. GSA Capital Partners LLP bought a new stake in KBR during the 2nd quarter valued at about $162,000. Finally, Paragon Capital Management Ltd bought a new stake in KBR during the 2nd quarter valued at about $172,000. 99.74% of the stock is owned by hedge funds and other institutional investors.
KBR Company Profile
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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