KBR (NYSE:KBR) Price Target Lowered to $53.00 at Citigroup

KBR (NYSE:KBR) had its price objective decreased by Citigroup from $57.00 to $53.00 in a report released on Monday,Benzinga reports. Citigroup currently has a buy rating on the construction company’s stock.

A number of other equities analysts also recently commented on KBR. Wells Fargo & Company assumed coverage on shares of KBR in a report on Thursday, November 13th. They set an “equal weight” rating and a $45.00 price objective for the company. Weiss Ratings cut shares of KBR from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, January 15th. Truist Financial decreased their price objective on KBR from $62.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, December 19th. Oppenheimer started coverage on KBR in a report on Tuesday, December 2nd. They issued an “outperform” rating and a $60.00 target price for the company. Finally, Wall Street Zen downgraded KBR from a “buy” rating to a “hold” rating in a research report on Sunday, January 11th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, KBR presently has an average rating of “Hold” and a consensus price target of $57.00.

KBR Stock Performance

Shares of NYSE KBR opened at $43.43 on Monday. The company has a market cap of $5.52 billion, a P/E ratio of 14.92, a P/E/G ratio of 1.09 and a beta of 0.52. KBR has a 12 month low of $39.52 and a 12 month high of $57.49. The business’s 50 day moving average is $42.37 and its two-hundred day moving average is $45.29. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.74.

KBR (NYSE:KBR) last announced its quarterly earnings data 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. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.99 billion. KBR had a return on equity of 35.14% and a net margin of 4.71%.KBR’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.84 EPS. On average, equities analysts expect that KBR will post 3.26 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio grew its holdings in KBR by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 40,133 shares of the construction company’s stock valued at $1,898,000 after purchasing an additional 249 shares during the last quarter. Bessemer Group Inc. lifted its stake in KBR by 75.8% in the second quarter. Bessemer Group Inc. now owns 617 shares of the construction company’s stock worth $30,000 after acquiring an additional 266 shares during the period. Jones Financial Companies Lllp grew its holdings in KBR by 6.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 4,785 shares of the construction company’s stock worth $227,000 after acquiring an additional 289 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in KBR by 89.8% during the 4th quarter. Farther Finance Advisors LLC now owns 611 shares of the construction company’s stock worth $25,000 after acquiring an additional 289 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in KBR by 37.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,093 shares of the construction company’s stock valued at $52,000 after purchasing an additional 298 shares during the period. Institutional investors own 97.02% of the company’s stock.

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.