KBR (NYSE:KBR) Downgraded to Hold Rating by Wall Street Zen

KBR (NYSE:KBR) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday.

A number of other analysts have also weighed in on the company. Citigroup lowered their target price on KBR from $62.00 to $57.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Bank of America decreased their price objective on KBR from $55.00 to $45.00 and set a “neutral” rating for the company in a research note on Thursday, November 13th. Truist Financial cut their target price on KBR from $62.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Wells Fargo & Company started coverage on shares of KBR in a report on Thursday, November 13th. They issued an “equal weight” rating and a $45.00 target price for the company. Finally, Oppenheimer initiated coverage on shares of KBR in a report on Tuesday, December 2nd. They issued an “outperform” rating and a $60.00 price target on the stock. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, KBR presently has an average rating of “Hold” and an average price target of $57.40.

KBR Stock Up 1.6%

Shares of KBR stock opened at $44.41 on Friday. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market cap of $5.64 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 1.09 and a beta of 0.52. The firm’s 50-day moving average is $41.90 and its two-hundred day moving average is $45.57. KBR has a 1 year low of $39.52 and a 1 year high of $60.98.

KBR (NYSE:KBR) last announced its quarterly earnings results on Wednesday, October 29th. The construction company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.07. KBR had a net margin of 4.71% and a return on equity of 35.14%. The firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter in the prior year, the company earned $0.84 EPS. The company’s revenue was down .3% compared to the same quarter last year. As a group, research analysts expect that KBR will post 3.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On KBR

A number of institutional investors have recently bought and sold shares of the business. Hantz Financial Services Inc. boosted its holdings in shares of KBR by 207.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 594 shares of the construction company’s stock valued at $28,000 after acquiring an additional 401 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in KBR by 432.5% during the second quarter. EverSource Wealth Advisors LLC now owns 607 shares of the construction company’s stock worth $29,000 after acquiring an additional 493 shares during the period. Bessemer Group Inc. raised its position in KBR by 75.8% during the second quarter. Bessemer Group Inc. now owns 617 shares of the construction company’s stock valued at $30,000 after acquiring an additional 266 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in KBR in the third quarter valued at approximately $32,000. Finally, Byrne Asset Management LLC purchased a new stake in KBR in the 2nd quarter worth approximately $41,000. 97.02% of the stock is owned by hedge funds and other institutional investors.

KBR Company Profile

KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support.

The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise.