Deutsche Bank AG upgraded shares of KBR Inc. (NYSE:KBR) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning. They currently have $16.00 target price on the stock, up from their prior target price of $14.00.
KBR has been the topic of a number of other reports. Zacks Investment Research downgraded KBR from a hold rating to a sell rating in a research note on Monday, July 4th. MKM Partners set a $15.00 price target on KBR and gave the stock a hold rating in a research note on Monday. DA Davidson set a $20.00 price target on KBR and gave the stock a buy rating in a research note on Monday, August 15th. Janney Montgomery Scott restated a buy rating on shares of KBR in a research note on Tuesday, August 16th. Finally, Vetr upgraded KBR from a sell rating to a hold rating and set a $14.30 price target on the stock in a research note on Monday, July 25th. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $17.33.
Shares of KBR (NYSE:KBR) traded down 0.68% during mid-day trading on Tuesday, hitting $16.07. The company’s stock had a trading volume of 191,642 shares. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 12.46 and a beta of 1.54. The stock’s 50 day moving average price is $14.78 and its 200 day moving average price is $14.62. KBR has a 52-week low of $11.61 and a 52-week high of $19.94.
KBR (NYSE:KBR) last issued its earnings results on Friday, July 29th. The company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. KBR had a return on equity of 18.60% and a net margin of 4.34%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the business posted $0.46 EPS. The company’s revenue was down 26.9% compared to the same quarter last year. Equities analysts forecast that KBR will post $0.66 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 15th will be given a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.32 annualized dividend and a yield of 1.98%. KBR’s dividend payout ratio is presently 24.81%.
Institutional investors have recently modified their holdings of the stock. LSV Asset Management acquired a new position in shares of KBR during the second quarter valued at approximately $100,000. Fuller & Thaler Asset Management Inc. acquired a new position in shares of KBR during the second quarter valued at approximately $102,000. LS Investment Advisors LLC boosted its position in shares of KBR by 71.7% in the second quarter. LS Investment Advisors LLC now owns 8,665 shares of the company’s stock valued at $115,000 after buying an additional 3,619 shares in the last quarter. Sei Investments Co. boosted its position in shares of KBR by 18.9% in the second quarter. Sei Investments Co. now owns 8,854 shares of the company’s stock valued at $117,000 after buying an additional 1,405 shares in the last quarter. Finally, World Asset Management Inc boosted its position in shares of KBR by 0.6% in the second quarter. World Asset Management Inc now owns 10,187 shares of the company’s stock valued at $135,000 after buying an additional 58 shares in the last quarter. 97.24% of the stock is owned by institutional investors.
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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