KBR, Inc. (KBR) PT Set at $20.00 by KeyCorp
KBR, Inc. (NYSE:KBR) received a $20.00 price objective from investment analysts at KeyCorp in a report issued on Friday. The brokerage presently has a “buy” rating on the construction company’s stock. KeyCorp’s target price suggests a potential upside of 31.58% from the stock’s current price.
A number of other analysts have also weighed in on KBR. Zacks Investment Research lowered KBR from a “hold” rating to a “sell” rating in a research note on Monday, May 1st. Vertical Research upgraded KBR from a “hold” rating to a “buy” rating in a research note on Monday, May 1st. BidaskClub upgraded KBR from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, TheStreet upgraded KBR from a “d+” rating to a “c-” rating in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $18.40.
KBR (NYSE:KBR) opened at 15.20 on Friday. The firm’s 50-day moving average is $15.47 and its 200 day moving average is $15.11. The stock’s market capitalization is $2.13 billion. KBR has a 12 month low of $13.16 and a 12 month high of $17.95.
KBR (NYSE:KBR) last announced its earnings results on Wednesday, August 2nd. The construction company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.05. KBR had a positive return on equity of 8.74% and a negative net margin of 0.81%. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the company posted $0.35 earnings per share. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. On average, equities analysts anticipate that KBR will post $1.43 earnings per share for the current year.
Hedge funds have recently made changes to their positions in the company. 1060 Capital LLC purchased a new stake in shares of KBR during the first quarter worth approximately $19,915,000. UBS Asset Management Americas Inc. raised its stake in shares of KBR by 15.6% in the first quarter. UBS Asset Management Americas Inc. now owns 136,772 shares of the construction company’s stock worth $2,056,000 after buying an additional 18,489 shares during the last quarter. State Treasurer State of Michigan raised its stake in shares of KBR by 1.2% in the first quarter. State Treasurer State of Michigan now owns 58,042 shares of the construction company’s stock worth $872,000 after buying an additional 700 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new stake in shares of KBR during the first quarter worth approximately $267,000. Finally, Alpha Windward LLC purchased a new stake in shares of KBR during the second quarter worth approximately $461,000. Hedge funds and other institutional investors own 99.74% of the company’s stock.
KBR, Inc is a provider of professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. The Company operates through business segments, including Technology & Consulting (T&C), Engineering & Construction (E&C), Government Services (GS), Non-strategic Business and Other.
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