KBR (NYSE:KBR) Rating Increased to Buy at Wall Street Zen

KBR (NYSE:KBR) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Several other research analysts also recently issued reports on the stock. Citigroup dropped their target price on shares of KBR from $57.00 to $53.00 and set a “buy” rating on the stock in a research note on Monday, January 26th. Weiss Ratings raised shares of KBR from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 10th. Oppenheimer assumed coverage on KBR in a research report on Tuesday, December 2nd. They issued an “outperform” rating and a $60.00 price target for the company. Wells Fargo & Company started coverage on KBR in a research report on Thursday, November 13th. They issued an “equal weight” rating and a $45.00 price objective on the stock. Finally, Truist Financial cut their price objective on KBR from $62.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, December 19th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $57.00.

KBR Price Performance

KBR stock opened at $42.75 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 company has a market cap of $5.43 billion, a P/E ratio of 14.69, a PEG ratio of 1.06 and a beta of 0.51. The firm has a 50-day moving average of $42.46 and a 200 day moving average of $44.74. KBR has a 1 year low of $39.43 and a 1 year high of $56.78.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Hantz Financial Services Inc. increased its holdings in shares of KBR by 207.8% in the third quarter. Hantz Financial Services Inc. now owns 594 shares of the construction company’s stock valued at $28,000 after purchasing an additional 401 shares during the period. EverSource Wealth Advisors LLC increased its stake 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 last quarter. Farther Finance Advisors LLC boosted 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 valued at $25,000 after acquiring an additional 289 shares during the period. Bessemer Group Inc. grew its holdings in KBR by 75.8% during the 2nd quarter. Bessemer Group Inc. now owns 617 shares of the construction company’s stock worth $30,000 after acquiring an additional 266 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of KBR during the 3rd quarter worth about $32,000. Hedge funds and other 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.