KBR Inc. (KBR) Given “Buy” Rating at Credit Suisse Group AG
KBR Inc. (NYSE:KBR)‘s stock had its “buy” rating reiterated by analysts at Credit Suisse Group AG in a research report issued on Monday. They presently have a $18.00 target price on the stock. Credit Suisse Group AG’s price objective would suggest a potential upside of 18.97% from the company’s previous close.
KBR has been the subject of a number of other research reports. MKM Partners set a $16.00 target price on shares of KBR and gave the stock a “hold” rating in a research note on Tuesday, September 13th. Zacks Investment Research cut shares of KBR from a “hold” rating to a “sell” rating in a research note on Monday, July 4th. Janney Montgomery Scott reaffirmed a “buy” rating on shares of KBR in a research report on Tuesday, August 16th. DA Davidson set a $20.00 price target on shares of KBR and gave the stock a “buy” rating in a research report on Monday, August 15th. Finally, Vetr raised shares of KBR from a “sell” rating to a “hold” rating and set a $14.30 price target on the stock in a research report on Monday, July 25th. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. KBR currently has a consensus rating of “Hold” and an average price target of $17.03.
KBR (NYSE:KBR) traded down 11.96% during trading on Monday, reaching $13.32. 2,005,657 shares of the company’s stock were exchanged. KBR has a 52-week low of $11.61 and a 52-week high of $19.94. The stock’s 50 day moving average price is $14.86 and its 200 day moving average price is $14.62. The firm has a market cap of $1.90 billion, a P/E ratio of 10.33 and a beta of 1.54.
KBR (NYSE:KBR) last posted its earnings results on Friday, July 29th. The company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. The company earned $1.01 billion during the quarter, compared to analysts’ expectations of $1.05 billion. KBR had a net margin of 4.34% and a return on equity of 18.60%. KBR’s quarterly revenue was down 26.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.46 EPS. Equities research analysts anticipate that KBR will post $1.35 EPS for the current fiscal year.
The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.12%. KBR’s payout ratio is currently 24.81%.
Large investors have recently bought and sold shares of the stock. LSV Asset Management bought a new stake in KBR during the second quarter worth $100,000. Fuller & Thaler Asset Management Inc. bought a new stake in KBR during the second quarter worth $102,000. LS Investment Advisors LLC increased its stake in KBR by 71.7% in the second quarter. LS Investment Advisors LLC now owns 8,665 shares of the company’s stock worth $115,000 after buying an additional 3,619 shares during the last quarter. Sei Investments Co. increased its stake in KBR by 18.9% in the second quarter. Sei Investments Co. now owns 8,854 shares of the company’s stock worth $117,000 after buying an additional 1,405 shares during the last quarter. Finally, World Asset Management Inc increased its stake in KBR by 0.6% in the second quarter. World Asset Management Inc now owns 10,187 shares of the company’s stock worth $135,000 after buying an additional 58 shares during the last quarter. Institutional investors own 97.24% of the company’s stock.
KBR Company Profile
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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