KBR, Inc. (NYSE:KBR) Receives Average Rating of “Hold” from Brokerages

Shares of KBR, Inc. (NYSE:KBR) have been assigned a consensus recommendation of “Hold” from the eleven research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $57.40.

A number of research firms have recently commented on KBR. Bank of America cut their price target on shares of KBR from $55.00 to $45.00 and set a “neutral” rating on the stock in a report 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 began coverage on KBR in a research note on Thursday, November 13th. They issued an “equal weight” rating and a $45.00 price target for the company. Citigroup dropped their price objective on KBR from $62.00 to $57.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Finally, Oppenheimer assumed coverage on KBR in a research report on Tuesday, December 2nd. They issued an “outperform” rating and a $60.00 target price for the company.

Institutional Investors Weigh In On KBR

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. lifted its holdings in shares of KBR by 207.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 594 shares of the construction company’s stock valued at $28,000 after buying an additional 401 shares during the period. EverSource Wealth Advisors LLC increased its position in KBR by 432.5% during the second quarter. EverSource Wealth Advisors LLC now owns 607 shares of the construction company’s stock valued at $29,000 after acquiring an additional 493 shares during the last quarter. Bessemer Group Inc. lifted its holdings in KBR by 75.8% in 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 during the period. FNY Investment Advisers LLC purchased a new position in KBR in the third quarter worth about $32,000. Finally, Caitong International Asset Management Co. Ltd boosted its position in KBR by 101,600.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,017 shares of the construction company’s stock worth $48,000 after purchasing an additional 1,016 shares during the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

KBR Trading Down 0.7%

NYSE KBR opened at $44.67 on Monday. The stock has a market cap of $5.67 billion, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 1.10 and a beta of 0.52. KBR has a fifty-two week low of $39.52 and a fifty-two week high of $60.98. The stock has a 50 day simple moving average of $42.12 and a two-hundred day simple moving average of $45.42. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.18 and a current ratio of 1.18.

KBR (NYSE:KBR) last announced its quarterly earnings data on Wednesday, October 29th. The construction company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.95 by $0.07. KBR had a return on equity of 35.14% and a net margin of 4.71%.The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the firm posted $0.84 earnings per share. The company’s revenue for the quarter was down .3% on a year-over-year basis. On average, analysts forecast that KBR will post 3.26 earnings per share for the current year.

About KBR

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.