KBR (KBR) Rating Increased to Buy at ValuEngine
KBR (NYSE:KBR) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Friday.
A number of other brokerages have also recently issued reports on KBR. Credit Suisse Group lifted their price objective on KBR from $19.00 to $22.00 and gave the company an “outperform” rating in a report on Thursday, November 2nd. DA Davidson cut KBR from a “buy” rating to a “neutral” rating and set a $22.00 price objective for the company. in a report on Wednesday, November 1st. TheStreet raised KBR from a “c” rating to a “b-” rating in a report on Tuesday, October 31st. Zacks Investment Research raised KBR from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective for the company in a report on Wednesday, October 25th. Finally, Deutsche Bank lifted their price objective on KBR from $18.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $21.00.
Shares of KBR (NYSE KBR) opened at $18.82 on Friday. KBR has a 52 week low of $13.36 and a 52 week high of $21.25. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market cap of $2,640.00, a price-to-earnings ratio of 32.71, a price-to-earnings-growth ratio of 1.45 and a beta of 1.07.
Institutional investors have recently added to or reduced their stakes in the stock. Zions Bancorporation bought a new position in shares of KBR in the third quarter valued at about $113,000. Strs Ohio raised its holdings in shares of KBR by 141.7% in the third quarter. Strs Ohio now owns 8,700 shares of the construction company’s stock valued at $155,000 after buying an additional 5,100 shares during the last quarter. Shelton Capital Management bought a new position in shares of KBR in the second quarter valued at about $160,000. GSA Capital Partners LLP bought a new position in shares of KBR in the second quarter valued at about $162,000. Finally, Teacher Retirement System of Texas raised its holdings in shares of KBR by 3.4% in the second quarter. Teacher Retirement System of Texas now owns 11,603 shares of the construction company’s stock valued at $177,000 after buying an additional 381 shares during the last quarter. 99.73% of the stock is owned by institutional investors and hedge funds.
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KBR Company Profile
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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