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.

KBR (NYSE:KBR) last posted its quarterly earnings results on Tuesday, October 31st. The construction company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.05. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.05 billion. KBR had a net margin of 1.63% and a return on equity of 10.22%. The business’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.44) earnings per share. equities analysts forecast that KBR will post 1.46 EPS for the current fiscal year.

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.

Analyst Recommendations for KBR (NYSE:KBR)

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