Goldman Sachs Group Inc. Lowers KBR Inc. (KBR) to Sell
KBR Inc. (NYSE:KBR) was downgraded by analysts at Goldman Sachs Group Inc. from a “neutral” rating to a “sell” rating in a note issued to investors on Tuesday. They currently have a $15.00 price target on the stock, down from their prior price target of $16.00. Goldman Sachs Group Inc.’s price objective indicates a potential downside of 0.07% from the company’s current price.
Other analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of KBR from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Monday, July 18th. Vetr upgraded shares of 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 shares of KBR and gave the stock a “buy” rating in a report on Monday, August 15th. Janney Montgomery Scott restated a “buy” rating on shares of KBR in a report on Tuesday, August 16th. Finally, MKM Partners raised their price target on shares of KBR from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. KBR currently has a consensus rating of “Hold” and an average price target of $17.23.
KBR (NYSE:KBR) traded down 7.69% during midday trading on Tuesday, reaching $15.01. 2,255,122 shares of the company were exchanged. The firm’s 50-day moving average is $14.81 and its 200-day moving average is $14.63. The firm has a market cap of $2.14 billion, a P/E ratio of 11.64 and a beta of 1.54. KBR has a one year low of $11.61 and a one year 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 the consensus estimate of $0.32. The business 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%. The firm’s quarterly revenue was down 26.9% compared to the same quarter last year. During the same period last year, the company posted $0.46 earnings per share. On average, equities analysts expect that KBR will post $0.66 EPS for the current fiscal 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. This represents a $0.32 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Tuesday, September 13th. KBR’s dividend payout ratio (DPR) is currently 24.81%.
A number of institutional investors have recently made changes to their positions in the company. Systematic Financial Management LP raised its position in shares of KBR by 1.2% in the second quarter. Systematic Financial Management LP now owns 6,757,498 shares of the company’s stock worth $89,469,000 after buying an additional 79,379 shares during the period. BlackRock Fund Advisors raised its position in shares of KBR by 6.1% in the second quarter. BlackRock Fund Advisors now owns 5,034,754 shares of the company’s stock worth $66,660,000 after buying an additional 289,361 shares during the period. Pzena Investment Management LLC raised its position in shares of KBR by 5.3% in the second quarter. Pzena Investment Management LLC now owns 4,888,123 shares of the company’s stock worth $64,719,000 after buying an additional 245,800 shares during the period. Hotchkis & Wiley Capital Management LLC raised its position in shares of KBR by 64.3% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 4,747,597 shares of the company’s stock worth $62,858,000 after buying an additional 1,858,400 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of KBR by 4.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,338,206 shares of the company’s stock worth $57,438,000 after buying an additional 167,963 shares during the period. 97.24% of the stock is currently owned by institutional investors and hedge funds.
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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