MKM Partners Analysts Give KBR Inc. (KBR) a $15.00 Price Target
KBR Inc. (NYSE:KBR) has been assigned a $15.00 target price by MKM Partners in a research note issued to investors on Monday. The firm currently has a a “hold” rating on the stock. MKM Partners’ price target would suggest a potential downside of 0.86% from the company’s previous close.
Other equities analysts have also recently issued research reports about the company. Credit Suisse Group AG reiterated a “buy” rating and set a $18.00 price target on shares of KBR in a report on Monday. Zacks Investment Research upgraded KBR from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Monday. Vetr upgraded KBR from a “sell” rating to a “hold” rating and set a $14.30 price target for the company in a report on Monday, July 25th. DA Davidson set a $20.00 price target on KBR and gave the stock a “buy” rating in a report on Monday, August 15th. Finally, Janney Montgomery Scott reiterated a “buy” rating on shares of KBR in a report on Tuesday, August 16th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $17.03.
Shares of KBR (NYSE:KBR) traded down 10.05% during midday trading on Monday, hitting $13.61. The stock had a trading volume of 3,897,295 shares. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 10.55 and a beta of 1.54. The stock has a 50 day moving average price of $14.86 and a 200-day moving average price of $14.62. KBR has a 52 week low of $11.61 and a 52 week high of $19.94.
KBR (NYSE:KBR) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates of $0.32. KBR had a return on equity of 18.60% and a net margin of 4.34%. The business earned $1.01 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the company posted $0.46 earnings per share. KBR’s quarterly revenue was down 26.9% on a year-over-year basis. Equities research analysts anticipate that KBR will post $1.35 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 15th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Tuesday, September 13th. KBR’s dividend payout ratio (DPR) is currently 24.81%.
A number of hedge funds and other institutional investors have recently made changes to their positions in KBR. LSV Asset Management purchased a new position in shares of KBR during the second quarter valued at approximately $100,000. Fuller & Thaler Asset Management Inc. purchased a new position in shares of KBR during the second quarter valued at approximately $102,000. LS Investment Advisors LLC increased its position in shares of KBR by 71.7% in the second quarter. LS Investment Advisors LLC now owns 8,665 shares of the company’s stock valued at $115,000 after buying an additional 3,619 shares in the last quarter. Sei Investments Co. increased its position in shares of KBR by 18.9% in the second quarter. Sei Investments Co. now owns 8,854 shares of the company’s stock valued at $117,000 after buying an additional 1,405 shares in the last quarter. Finally, World Asset Management Inc increased its position in shares of KBR by 0.6% in the second quarter. World Asset Management Inc now owns 10,187 shares of the company’s stock valued at $135,000 after buying an additional 58 shares in the last quarter. Institutional investors and hedge funds own 97.24% of the company’s stock.
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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