KBR Inc. (KBR) Upgraded to Buy at Deutsche Bank AG
Deutsche Bank AG upgraded shares of KBR Inc. (NYSE:KBR) from a hold rating to a buy rating in a research report report published on Tuesday. The firm currently has $16.00 price target on the stock, up from their prior price target of $14.00.
Other equities analysts have also issued reports about the stock. Zacks Investment Research raised shares of KBR from a hold rating to a buy rating and set a $17.00 price target on the stock in a research report on Monday. Credit Suisse Group AG reaffirmed a buy rating and set a $18.00 price target on shares of KBR in a research report on Monday. 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. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $17.23.
Shares of KBR (NYSE:KBR) traded up 3.40% during trading on Tuesday, reaching $14.58. 276,503 shares of the company traded hands. KBR has a 12-month low of $11.61 and a 12-month high of $19.94. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 11.30 and a beta of 1.54. The company has a 50 day moving average price of $14.75 and a 200 day moving average price of $14.60.
KBR (NYSE:KBR) last released 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 net margin of 4.34% and a return on equity of 18.60%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the firm earned $0.46 earnings per share. KBR’s revenue for the quarter was down 26.9% compared to the same quarter last year. On average, equities analysts predict that KBR will post $1.35 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 15th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.27%. KBR’s payout ratio is presently 24.81%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in KBR. Geode Capital Management LLC increased its position in KBR by 3.8% in the first quarter. Geode Capital Management LLC now owns 890,036 shares of the company’s stock worth $13,777,000 after buying an additional 32,750 shares during the last quarter. Quadrature Capital Ltd bought a new position in KBR during the first quarter worth about $317,000. State Street Corp increased 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. M&T Bank Corp bought a new position in KBR during the first quarter worth about $187,000. Finally, Menta Capital LLC bought a new position in KBR during the first quarter worth about $311,000. 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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