Goldman Sachs Group Inc. downgraded shares of KBR Inc. (NYSE:KBR) from a neutral rating to a sell rating in a report released on Tuesday morning. The brokerage currently has $15.00 price target on the stock, down from their previous price target of $16.00.
A number of other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of KBR from a buy rating to a hold rating in a report on Wednesday, October 5th. DA Davidson reissued a buy rating and issued a $20.00 price target on shares of KBR in a research note on Wednesday, October 5th. Johnson Rice raised shares of KBR from a hold rating to an accumulate rating and set a $18.00 price target for the company in a research note on Wednesday, October 5th. Deutsche Bank AG raised shares of KBR from a hold rating to a buy rating and boosted their price target for the stock from $14.00 to $16.00 in a research note on Tuesday, October 4th. Finally, MKM Partners set a $15.00 price target on shares of KBR and gave the stock a hold rating in a research note on Monday, October 3rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $17.23.
KBR (NYSE:KBR) traded down 1.20% during trading on Tuesday, hitting $14.83. 408,269 shares of the stock were exchanged. The stock has a 50 day moving average of $14.81 and a 200-day moving average of $14.63. The stock has a market cap of $2.11 billion, a P/E ratio of 11.50 and a beta of 1.54. KBR has a 52 week low of $11.61 and a 52 week high of $19.94.
KBR (NYSE:KBR) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. KBR had a net margin of 4.34% and a return on equity of 18.60%. The company earned $1.01 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the firm posted $0.46 EPS. The firm’s revenue was down 26.9% compared to the same quarter last year. Equities analysts expect that KBR will post $0.66 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 15th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Tuesday, September 13th. KBR’s dividend payout ratio is currently 24.81%.
Several institutional investors have recently made changes to their positions in the stock. LSV Asset Management bought a new position in shares of KBR during the second quarter valued at about $100,000. Fuller & Thaler Asset Management Inc. bought a new position in shares of KBR during the second quarter valued at about $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. 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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