KBR Inc. (NYSE:KBR)‘s stock had its “buy” rating restated by stock analysts at DA Davidson in a research note issued to investors on Wednesday. They presently have a $20.00 target price on the stock. DA Davidson’s target price points to a potential upside of 41.84% from the stock’s previous close.
KBR has been the topic of several other research reports. MKM Partners set a $16.00 price objective on shares of KBR and gave the stock a “hold” rating in a research report on Tuesday, September 13th. Zacks Investment Research raised shares of KBR from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Monday. Credit Suisse Group AG reissued a “buy” rating and issued a $18.00 price target on shares of KBR in a research report on Monday. Janney Montgomery Scott reissued a “buy” rating on shares of KBR in a research report on Tuesday, August 16th. Finally, Vetr raised shares of KBR from a “sell” rating to a “hold” rating and set a $14.30 price target on the stock in a research report on Monday, July 25th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $17.23.
Shares of KBR (NYSE:KBR) opened at 14.10 on Wednesday. KBR has a 52-week low of $11.61 and a 52-week high of $19.94. The company has a 50-day moving average of $14.75 and a 200 day moving average of $14.60. The company has a market capitalization of $2.01 billion, a PE ratio of 10.93 and a beta of 1.54.
KBR (NYSE:KBR) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.05 billion. KBR had a net margin of 4.34% and a return on equity of 18.60%. The company’s revenue for the quarter was down 26.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 earnings per share. Analysts predict that KBR will post $1.35 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 15th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.32 dividend on an annualized basis and a yield of 2.27%. KBR’s dividend payout ratio is presently 24.81%.
A number of institutional investors have recently added to or reduced their stakes in KBR. LSV Asset Management bought a new position in KBR during the second quarter worth approximately $100,000. Fuller & Thaler Asset Management Inc. bought a new position in KBR during the second quarter worth approximately $102,000. LS Investment Advisors LLC boosted its position in KBR by 71.7% in the second quarter. LS Investment Advisors LLC now owns 8,665 shares of the company’s stock worth $115,000 after buying an additional 3,619 shares in the last quarter. Sei Investments Co. boosted its position in KBR by 18.9% in the second quarter. Sei Investments Co. now owns 8,854 shares of the company’s stock worth $117,000 after buying an additional 1,405 shares in the last quarter. Finally, World Asset Management Inc boosted its position in KBR by 0.6% in the second quarter. World Asset Management Inc now owns 10,187 shares of the company’s stock worth $135,000 after buying an additional 58 shares in the last quarter. 97.24% of the stock is owned by institutional investors and hedge funds.
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).
Receive News & Ratings for KBR Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KBR Inc. and related companies with MarketBeat.com's FREE daily email newsletter.