KBR Inc. (KBR) Lifted to Accumulate at Johnson Rice
KBR Inc. (NYSE:KBR) was upgraded by research analysts at Johnson Rice from a “hold” rating to an “accumulate” rating in a research report issued to clients and investors on Wednesday.
Several other research analysts have also issued reports on KBR. Zacks Investment Research lowered KBR from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Deutsche Bank AG raised KBR from a “hold” rating to a “buy” rating and upped their target price for the company from $14.00 to $16.00 in a research report on Tuesday. DA Davidson set a $20.00 target price on KBR and gave the company a “buy” rating in a research report on Monday, August 15th. Vetr raised KBR from a “sell” rating to a “hold” rating and set a $14.30 target price on the stock in a research report on Monday, July 25th. Finally, Janney Montgomery Scott reaffirmed a “buy” rating on shares of KBR in a research report on Tuesday, August 16th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $17.23.
KBR (NYSE:KBR) opened at 14.10 on Wednesday. KBR has a 12-month low of $11.61 and a 12-month high of $19.94. The company has a market cap of $2.01 billion, a P/E ratio of 10.93 and a beta of 1.54. The firm has a 50-day moving average price of $14.75 and a 200-day moving average price of $14.60.
KBR (NYSE:KBR) last announced its earnings results on Friday, July 29th. The company reported $0.32 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.32. KBR had a return on equity of 18.60% and a net margin of 4.34%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the company posted $0.46 EPS. The firm’s quarterly revenue was down 26.9% compared to the same quarter last year. On average, equities research analysts forecast that KBR will post $1.35 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 15th will be issued a $0.08 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $0.32 dividend on an annualized basis and a yield of 2.27%. KBR’s payout ratio is 24.81%.
A number of institutional investors have recently added to or reduced their stakes in the company. State Street Corp boosted its position in KBR by 7.5% in the first quarter. State Street Corp now owns 4,150,213 shares of the company’s stock worth $64,246,000 after buying an additional 288,260 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in KBR by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,170,243 shares of the company’s stock worth $64,555,000 after buying an additional 15,371 shares during the last quarter. Prudential Financial Inc. boosted its position in KBR by 7.2% in the first quarter. Prudential Financial Inc. now owns 1,826,408 shares of the company’s stock worth $28,273,000 after buying an additional 122,940 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in KBR by 448.7% in the second quarter. BNP Paribas Arbitrage SA now owns 76,605 shares of the company’s stock worth $1,014,000 after buying an additional 62,644 shares during the last quarter. Finally, Societe Generale acquired a new position in KBR during the second quarter worth $515,000. 97.24% of the stock is owned by institutional investors.
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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