Zacks Investment Research upgraded shares of KBR (NYSE:KBR) from a hold rating to a buy rating in a research report report published on Wednesday. Zacks Investment Research currently has $23.00 target price on the construction company’s stock.

According to Zacks, “KBR’s diverse business portfolio allows it to combat cyclicality associated with any single market. The company’s Government Services business is experiencing stellar growth and the company remains confident that recent acquisitions will continue to accelerate growth momentum of this business. The company’s consulting business is also experiencing increased activity, indicating lucrative opportunities in future E&C project. Moreover, the company is optimistic about backlog growth in the fourth quarter and early 2018 due to the pipeline of opportunities. KBR’s high backlog level also indicates underlying strength. Over the last six months, KBR’s shares have outperformed the industry’s average gain significantly. However, the long-cycle nature of the contracts, volatility in material & equipment pricing, risk of client loss and stiff competition raise caution.”

Other analysts have also recently issued research reports about the stock. TheStreet raised shares of KBR from a c rating to a b- rating in a report on Tuesday, October 31st. Deutsche Bank raised their target price on shares of KBR from $18.00 to $20.00 and gave the company a buy rating in a report on Tuesday, October 24th. KeyCorp reissued a buy rating and set a $20.00 price objective on shares of KBR in a report on Friday, October 6th. ValuEngine raised shares of KBR from a hold rating to a buy rating in a report on Monday, November 6th. Finally, DA Davidson cut shares of KBR from a buy rating to a neutral rating and set a $22.00 price objective on the stock. in a report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $21.14.

Shares of KBR (KBR) traded up $0.63 during trading hours on Wednesday, reaching $21.14. 1,885,533 shares of the company traded hands, compared to its average volume of 1,165,940. The firm has a market capitalization of $2,873.03, a PE ratio of 41.45, a price-to-earnings-growth ratio of 1.71 and a beta of 1.05. KBR has a 52-week low of $13.36 and a 52-week high of $21.25. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.59.

KBR (NYSE:KBR) last issued its earnings results on Tuesday, October 31st. The construction company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.05 billion. KBR had a net margin of 1.63% and a return on equity of 10.22%. The firm’s revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.44) earnings per share. research analysts predict that KBR will post 1.47 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the business. Zions Bancorporation acquired a new stake in KBR during the third quarter worth approximately $113,000. Strs Ohio raised its holdings in KBR by 141.7% during the third quarter. Strs Ohio now owns 8,700 shares of the construction company’s stock worth $155,000 after purchasing an additional 5,100 shares in the last quarter. Oakbrook Investments LLC acquired a new stake in KBR during the fourth quarter worth approximately $204,000. Shelton Capital Management acquired a new stake in KBR during the second quarter worth approximately $160,000. Finally, GSA Capital Partners LLP acquired a new stake in KBR during the second quarter worth approximately $162,000.

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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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