KBR Inc. (NYSE:KBR)‘s stock had its “buy” rating reissued by investment analysts at Credit Suisse Group AG in a research note issued to investors on Monday. They currently have a $18.00 target price on the stock. Credit Suisse Group AG’s price target points to a potential upside of 18.97% from the stock’s previous close.
Other analysts have also issued research reports about the company. Zacks Investment Research raised KBR from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Monday, July 18th. Vetr raised KBR from a “sell” rating to a “hold” rating and set a $14.30 price objective for the company in a research note on Monday, July 25th. DA Davidson set a $20.00 price objective on KBR and gave the company a “buy” rating in a research note on Monday, August 15th. Janney Montgomery Scott reaffirmed a “buy” rating on shares of KBR in a research note on Tuesday, August 16th. Finally, MKM Partners raised their price target on KBR from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 2nd. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. KBR presently has an average rating of “Hold” and an average target price of $17.03.
Shares of KBR (NYSE:KBR) traded down 11.96% during mid-day trading on Monday, reaching $13.32. 2,005,657 shares of the company’s stock were exchanged. KBR has a one year low of $11.61 and a one year high of $19.94. The firm has a market capitalization of $1.90 billion, a P/E ratio of 10.33 and a beta of 1.54. The stock has a 50-day moving average of $14.86 and a 200 day moving average of $14.62.
KBR (NYSE:KBR) last released its quarterly earnings data on Friday, July 29th. The company reported $0.32 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.32. The firm earned $1.01 billion during the quarter, compared to analyst estimates of $1.05 billion. KBR had a return on equity of 18.60% and a net margin of 4.34%. The business’s quarterly revenue was down 26.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 earnings per share. On average, analysts forecast that KBR will post $1.35 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Thursday, September 15th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.32 annualized dividend and a dividend yield of 2.12%. KBR’s payout ratio is presently 24.81%.
Several institutional investors have recently modified their holdings of KBR. Macquarie Group Ltd. increased its position in shares of KBR by 0.3% in the second quarter. Macquarie Group Ltd. now owns 233,300 shares of the company’s stock valued at $3,089,000 after buying an additional 621 shares during the last quarter. Mason Street Advisors LLC bought a new position in shares of KBR during the second quarter valued at $860,000. Royal Bank of Canada increased its position in shares of KBR by 1.8% in the second quarter. Royal Bank of Canada now owns 458,933 shares of the company’s stock valued at $6,076,000 after buying an additional 8,167 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of KBR by 176.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,262,162 shares of the company’s stock valued at $16,712,000 after buying an additional 806,371 shares during the last quarter. Finally, Amalgamated Bank increased its position in shares of KBR by 11.1% in the second quarter. Amalgamated Bank now owns 19,376 shares of the company’s stock valued at $305,000 after buying an additional 1,939 shares during the last quarter. Hedge funds and other institutional investors own 97.24% of the company’s stock.
KBR Company Profile
KBR, Inc (KBR) is an engineering, procurement, construction and services company. The Company supports global hydrocarbons and international Government services market sectors. It operates through three business segments: Technology & Consulting (T&C), Engineering & Construction (E&C), and Government Services (GS).
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