KBR Inc. (NYSE:KBR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Monday. The firm presently has a $17.00 price objective on the stock. Zacks Investment Research’s target price would indicate a potential upside of 12.36% from the company’s current price.
According to Zacks, “KBR has a decent earnings surprise history, beating estimates thrice and meeting once in the trailing four quarters. The company is presently facing robust prospects in the Government services and Technology & Consulting businesses. The company believes the Government Services and Technology businesses will provide it some balance between hydrocarbons and government projects. Also, KBR’s recent acquisition of CA-based Wyle is expected to bolster its government services business. Moreover, Investments undertaken around the world in refining and petrochemicals market represent significant opportunity for KBR. The company foresees continued activity in the ethylene area under the present macroeconomic environment. Also, diligent restructuring activities add to its strength. However, prolonged softness in the Engineering & Construction sector coupled with volatility in oil and gas prices may pose threat to KBR's growth.”
A number of other equities analysts have also weighed in on KBR. DA Davidson set a $20.00 target price on KBR and gave the stock a “buy” rating in a research note on Monday, August 15th. Vetr upgraded KBR from a “sell” rating to a “hold” rating and set a $14.30 price objective on the stock in a research report on Monday, July 25th. Janney Montgomery Scott reiterated a “buy” rating on shares of KBR in a research report on Tuesday, August 16th. MKM Partners started coverage on KBR in a research report on Wednesday, June 29th. They set a “neutral” rating and a $13.00 price objective on the stock. Finally, Credit Suisse Group AG reiterated a “buy” rating and set a $18.00 price objective on shares of KBR in a research report on Monday. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $17.13.
Shares of KBR (NYSE:KBR) traded down 10.212% during mid-day trading on Monday, hitting $13.585. The stock had a trading volume of 3,431,551 shares. The stock has a market cap of $1.94 billion, a P/E ratio of 10.531 and a beta of 1.54. KBR has a 12 month low of $11.61 and a 12 month high of $19.94. The firm has a 50 day moving average price of $14.86 and a 200-day moving average price of $14.62.
KBR (NYSE:KBR) last released its quarterly earnings data on Friday, July 29th. The company reported $0.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.32. KBR had a return on equity of 18.60% and a net margin of 4.34%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the company posted $0.46 EPS. The firm’s revenue for the quarter was down 26.9% compared to the same quarter last year. On average, equities research analysts forecast that KBR will post $1.35 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 15th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Tuesday, September 13th. KBR’s dividend payout ratio (DPR) is currently 24.81%.
A number of large investors have recently added to or reduced their stakes in KBR. LSV Asset Management acquired a new stake in KBR during the second quarter valued at $100,000. Fuller & Thaler Asset Management Inc. acquired a new stake in KBR during the second quarter valued at $102,000. LS Investment Advisors LLC boosted its stake in 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 during the period. Sei Investments Co. boosted its stake in 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 during the period. Finally, World Asset Management Inc boosted its stake in 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 during the period. Institutional investors and hedge funds 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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