KBR (NYSE:KBR) Downgraded to “C” at TheStreet

KBR (NYSE:KBRGet Rating) was downgraded by equities researchers at TheStreet from a “b+” rating to a “c” rating in a research note issued to investors on Wednesday, TheStreetRatingsTable reports.

Several other brokerages have also recently commented on KBR. DA Davidson upgraded KBR from a “neutral” rating to a “buy” rating in a report on Friday, March 4th. StockNews.com initiated coverage on KBR in a report on Thursday, March 31st. They set a “hold” rating on the stock. Truist Financial increased their target price on KBR from $57.00 to $64.00 in a report on Friday, March 11th. KeyCorp increased their target price on KBR from $55.00 to $66.00 in a report on Thursday, April 14th. Finally, Stifel Nicolaus initiated coverage on KBR in a report on Thursday, March 17th. They set a “buy” rating on the stock. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $55.50.

Shares of NYSE KBR opened at $44.45 on Wednesday. The business has a fifty day simple moving average of $52.53 and a 200 day simple moving average of $47.94. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of -59.27 and a beta of 1.28. KBR has a one year low of $36.71 and a one year high of $56.94.

KBR (NYSE:KBRGet Rating) last issued its earnings results on Thursday, April 28th. The construction company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. KBR had a positive return on equity of 23.14% and a negative net margin of 1.32%. The business had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same period in the prior year, the company posted $0.48 earnings per share. KBR’s revenue was up 17.3% on a year-over-year basis. On average, research analysts anticipate that KBR will post 2.6 earnings per share for the current fiscal year.

In other KBR news, insider Douglas Nick Kelly sold 1,661 shares of the firm’s stock in a transaction that occurred on Friday, February 25th. The stock was sold at an average price of $48.34, for a total value of $80,292.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gregory Sean Conlon sold 3,737 shares of the firm’s stock in a transaction that occurred on Monday, March 14th. The shares were sold at an average price of $53.74, for a total value of $200,826.38. The disclosure for this sale can be found here. 0.91% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Sageworth Trust Co of South Dakota bought a new stake in KBR in the 4th quarter valued at $31,000. USA Financial Portformulas Corp bought a new stake in KBR in the 4th quarter valued at $39,000. Canada Pension Plan Investment Board boosted its stake in KBR by 9,360.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 946 shares of the construction company’s stock valued at $45,000 after purchasing an additional 936 shares during the period. Rockefeller Capital Management L.P. boosted its stake in KBR by 54.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,291 shares of the construction company’s stock valued at $61,000 after purchasing an additional 454 shares during the period. Finally, Prospera Financial Services Inc bought a new stake in KBR in the 1st quarter valued at $68,000.

About KBR (Get Rating)

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. The company operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.

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