KBR (NYSE:KBR) Stock Rating Upgraded by Wells Fargo & Company

KBR (NYSE:KBR) was upgraded by equities research analysts at Wells Fargo & Company to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

Several other research analysts have also recently commented on KBR. Bank of America cut their price target on KBR from $55.00 to $45.00 and set a “neutral” rating on the stock in a research note on Thursday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of KBR in a research report on Wednesday, October 8th. Truist Financial set a $62.00 price target on shares of KBR in a research note on Thursday, October 30th. Stifel Nicolaus increased their price objective on shares of KBR from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Finally, Citigroup dropped their target price on shares of KBR from $62.00 to $57.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $59.00.

KBR Stock Down 0.5%

Shares of NYSE KBR traded down $0.23 during trading on Thursday, reaching $42.03. 841,156 shares of the stock were exchanged, compared to its average volume of 1,466,353. The company has a market capitalization of $5.34 billion, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 0.85 and a beta of 0.68. The business’s 50-day moving average price is $45.50 and its 200 day moving average price is $48.70. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.73. KBR has a twelve month low of $40.71 and a twelve month high of $62.14.

KBR (NYSE:KBR) last released its quarterly earnings results on Wednesday, October 29th. The construction company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.07. KBR had a net margin of 4.52% and a return on equity of 33.65%. The firm had revenue of $525.00 million for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the previous year, the firm posted $0.84 EPS. The firm’s quarterly revenue was down .3% on a year-over-year basis. As a group, equities analysts forecast that KBR will post 3.26 EPS for the current fiscal year.

Institutional Trading of KBR

Several hedge funds have recently added to or reduced their stakes in the business. Voya Investment Management LLC lifted its stake in shares of KBR by 1.2% in the 1st quarter. Voya Investment Management LLC now owns 20,095 shares of the construction company’s stock worth $1,001,000 after acquiring an additional 241 shares during the period. Bessemer Group Inc. grew its holdings in shares of KBR by 75.8% during the second quarter. Bessemer Group Inc. now owns 617 shares of the construction company’s stock valued at $30,000 after buying an additional 266 shares in the last quarter. US Bancorp DE increased its stake in KBR by 13.5% in the 1st quarter. US Bancorp DE now owns 2,260 shares of the construction company’s stock valued at $113,000 after buying an additional 268 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of KBR by 6.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 4,785 shares of the construction company’s stock valued at $227,000 after buying an additional 289 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in KBR by 37.5% in the second quarter. GAMMA Investing LLC now owns 1,093 shares of the construction company’s stock worth $52,000 after purchasing an additional 298 shares in the last quarter. Institutional investors own 97.02% of the company’s stock.

About KBR

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.