KBR Inc. (KBR) Upgraded to “Buy” by Bank of America Corp.
KBR Inc. (NYSE:KBR) was upgraded by analysts at Bank of America Corp. from a “neutral” rating to a “buy” rating in a research report issued on Thursday.
A number of other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of KBR from a “buy” rating to a “hold” rating in a research note on Friday, November 4th. Goldman Sachs Group Inc. downgraded shares of KBR from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $16.00 to $15.00 in a research note on Tuesday, October 11th. DA Davidson restated a “buy” rating and issued a $20.00 price objective on shares of KBR in a research note on Wednesday, October 5th. Johnson Rice upgraded shares of KBR from a “hold” rating to an “accumulate” rating and set a $18.00 price objective for the company in a research note on Wednesday, October 5th. Finally, Deutsche Bank AG upgraded shares of KBR from a “hold” rating to a “buy” rating and upped their price objective for the company from $14.00 to $16.00 in a research note on Tuesday, October 4th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $17.13.
KBR (NYSE:KBR) opened at 15.81 on Thursday. KBR has a 52 week low of $11.61 and a 52 week high of $19.94. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 33.50 and a beta of 1.46. The company has a 50 day moving average price of $14.90 and a 200 day moving average price of $14.62.
KBR (NYSE:KBR) last issued its earnings results on Tuesday, November 1st. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.35) by $0.09. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.18 billion. KBR had a return on equity of 16.67% and a net margin of 1.64%. The business’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 EPS. Analysts expect that KBR will post $0.45 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Thursday, December 15th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, December 13th. This represents a $0.32 annualized dividend and a yield of 2.02%. KBR’s dividend payout ratio is currently 68.09%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. World Asset Management Inc boosted its position in 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. Tocqueville Asset Management L.P. boosted its position in shares of KBR by 0.9% in the second quarter. Tocqueville Asset Management L.P. now owns 575,566 shares of the company’s stock worth $7,620,000 after buying an additional 5,250 shares during the period. Cambiar Investors LLC bought a new position in shares of KBR during the second quarter worth about $23,832,000. Parkwood LLC bought a new position in shares of KBR during the second quarter worth about $220,000. Finally, Oakbrook Investments LLC boosted its position in shares of KBR by 9.2% in the second quarter. Oakbrook Investments LLC now owns 13,100 shares of the company’s stock worth $173,000 after buying an additional 1,100 shares during the period. 96.79% of the stock is owned by hedge funds and other 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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