KBR (NYSE:KBR) Stock Rating Upgraded by Cowen
Cowen upgraded shares of KBR (NYSE:KBR) from a market perform rating to an outperform rating in a report published on Friday morning, BenzingaRatingsTable reports. Cowen currently has $31.00 price objective on the construction company’s stock, up from their previous price objective of $23.00.
KBR has been the subject of a number of other research reports. Zacks Investment Research upgraded DLH from a sell rating to a hold rating in a research report on Tuesday, July 9th. Macquarie cut Janus Henderson Group from an outperform rating to a neutral rating in a research report on Thursday, May 2nd. Deutsche Bank cut Cogent Communications from a buy rating to a hold rating in a research report on Thursday, May 2nd. KeyCorp raised their price target on PGT Innovations from $20.00 to $22.00 and gave the company an overweight rating in a research report on Monday, May 6th. Finally, TheStreet upgraded Medpace from a c rating to a b- rating in a research report on Wednesday, April 10th. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $25.60.
Shares of KBR stock opened at $25.83 on Friday. KBR has a fifty-two week low of $13.90 and a fifty-two week high of $26.31. The stock has a market capitalization of $3.65 billion, a PE ratio of 16.88, a P/E/G ratio of 1.72 and a beta of 1.45. The firm has a fifty day moving average price of $24.32. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.81.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, June 17th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Friday, June 14th. KBR’s dividend payout ratio is presently 20.92%.
A number of institutional investors have recently bought and sold shares of KBR. Norges Bank purchased a new stake in KBR during the 4th quarter worth about $21,027,000. Dimensional Fund Advisors LP increased its position in KBR by 8.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,666,237 shares of the construction company’s stock worth $86,013,000 after purchasing an additional 422,548 shares in the last quarter. Bank of Montreal Can boosted its stake in KBR by 517.0% in the 1st quarter. Bank of Montreal Can now owns 439,322 shares of the construction company’s stock worth $8,386,000 after buying an additional 368,118 shares during the last quarter. SG Americas Securities LLC acquired a new stake in KBR in the 1st quarter worth about $5,285,000. Finally, Pzena Investment Management LLC boosted its stake in KBR by 3.9% in the 1st quarter. Pzena Investment Management LLC now owns 4,913,275 shares of the construction company’s stock worth $93,794,000 after buying an additional 184,696 shares during the last quarter. Hedge funds and other institutional investors own 98.72% 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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