KBR, Inc. (NYSE:KBR) Given Consensus Rating of “Hold” by Brokerages

KBR, Inc. (NYSE:KBR) has received a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $57.00.

A number of research firms have recently weighed in on KBR. Wall Street Zen downgraded KBR from a “buy” rating to a “hold” rating in a report on Sunday, January 11th. Citigroup dropped their price objective on shares of KBR from $57.00 to $53.00 and set a “buy” rating for the company in a research note on Monday, January 26th. Oppenheimer started coverage on shares of KBR in a report on Tuesday, December 2nd. They issued an “outperform” rating and a $60.00 price objective for the company. Truist Financial lowered their target price on shares of KBR from $62.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, December 19th. Finally, Weiss Ratings upgraded KBR from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday.

KBR Price Performance

Shares of NYSE KBR opened at $40.15 on Friday. The firm has a market cap of $5.10 billion, a P/E ratio of 13.80, a price-to-earnings-growth ratio of 1.01 and a beta of 0.51. The business’s 50 day moving average is $42.68 and its 200-day moving average is $44.93. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.74. KBR has a 1-year low of $39.43 and a 1-year high of $56.78.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in KBR. Norges Bank acquired a new stake in shares of KBR in the 2nd quarter valued at approximately $92,565,000. Wellington Management Group LLP boosted its position in KBR by 1,611.4% in the third quarter. Wellington Management Group LLP now owns 1,974,327 shares of the construction company’s stock valued at $93,366,000 after buying an additional 1,858,961 shares in the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of KBR during the third quarter worth $54,038,000. Boston Partners increased its holdings in shares of KBR by 25.6% during the second quarter. Boston Partners now owns 5,506,603 shares of the construction company’s stock worth $264,474,000 after buying an additional 1,122,076 shares in the last quarter. Finally, Copeland Capital Management LLC acquired a new position in shares of KBR during the third quarter worth $33,666,000. 97.02% of the stock is owned by institutional investors.

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.