KBR Inc. (KBR) Raised to “Buy” at MKM Partners
KBR Inc. (NYSE:KBR) was upgraded by analysts at MKM Partners from a “neutral” rating to a “buy” rating in a research note issued to investors on Monday. The firm currently has a $21.00 price target on the stock, up from their prior price target of $15.00. MKM Partners’ target price would suggest a potential upside of 29.23% from the company’s previous close.
Other equities research analysts have also issued research reports about the stock. Vetr upgraded shares of KBR from a “sell” rating to a “hold” rating and set a $14.30 target price on the stock in a report on Monday, July 25th. DA Davidson set a $20.00 price objective on shares of KBR and gave the company a “buy” rating in a research note on Monday, August 15th. Zacks Investment Research downgraded shares of KBR from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Janney Montgomery Scott reissued a “buy” rating on shares of KBR in a research report on Tuesday, August 16th. Finally, Johnson Rice raised shares of KBR from a “hold” rating to an “accumulate” rating and set a $18.00 target price for the company in a research report on Wednesday, October 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. KBR has a consensus rating of “Hold” and a consensus price target of $17.94.
KBR (NYSE:KBR) opened at 16.25 on Monday. The company has a market cap of $2.32 billion, a PE ratio of 34.43 and a beta of 1.46. The company’s 50-day moving average price is $14.98 and its 200-day moving average price is $14.64. KBR has a 12-month low of $11.61 and a 12-month high of $19.94.
KBR (NYSE:KBR) last posted its earnings results on Tuesday, November 1st. The company reported ($0.44) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.35) by $0.09. KBR had a return on equity of 16.67% and a net margin of 1.64%. The business earned $1.07 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the company earned $0.40 EPS. The company’s revenue was down 10.5% on a year-over-year basis. Equities analysts anticipate that KBR will post $0.45 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Thursday, December 15th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Tuesday, December 13th. KBR’s payout ratio is currently 68.09%.
Large investors have recently bought and sold shares of the company. Quantbot Technologies LP raised its stake in KBR by 14.2% in the second quarter. Quantbot Technologies LP now owns 22,342 shares of the company’s stock valued at $295,000 after buying an additional 2,777 shares during the last quarter. World Asset Management Inc boosted 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 during the period. 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 valued at $7,620,000 after buying an additional 5,250 shares during the period. Cambiar Investors LLC purchased a new position in shares of KBR during the second quarter valued at about $23,832,000. Finally, Parkwood LLC purchased a new position in shares of KBR during the second quarter valued at about $220,000. 98.92% 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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