KBR Inc. (NYSE:KBR) received a $15.00 price target from analysts at MKM Partners in a research note issued to investors on Monday. The firm currently has a a “hold” rating on the stock. MKM Partners’ price target suggests a potential downside of 0.86% from the stock’s current price.
Other analysts have also recently issued reports about the stock. Credit Suisse Group AG reiterated a “buy” rating and issued a $18.00 target price on shares of KBR in a research note on Monday. Zacks Investment Research upgraded shares of KBR from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Monday. Vetr upgraded shares of 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 shares of KBR and gave the company a “buy” rating in a research note on Monday, August 15th. Finally, Janney Montgomery Scott restated a “buy” rating on shares of KBR in a research note on Tuesday, August 16th. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $17.03.
Shares of KBR (NYSE:KBR) traded down 10.05% during mid-day trading on Monday, hitting $13.61. 3,897,295 shares of the company traded hands. The stock has a market capitalization of $1.94 billion, a PE ratio of 10.55 and a beta of 1.54. The firm’s 50 day moving average price is $14.86 and its 200-day moving average price is $14.62. KBR has a 1-year low of $11.61 and a 1-year high of $19.94.
KBR (NYSE:KBR) last released its earnings results on Friday, July 29th. The company reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates of $0.32. The company earned $1.01 billion during the quarter, compared to analysts’ expectations of $1.05 billion. KBR had a net margin of 4.34% and a return on equity of 18.60%. KBR’s revenue for the quarter was down 26.9% on a year-over-year basis. During the same period last year, the business earned $0.46 EPS. On average, equities research analysts forecast that KBR will post $1.35 EPS for the current 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 issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.12%. The ex-dividend date is Tuesday, September 13th. KBR’s payout ratio is presently 24.81%.
Large investors have recently modified their holdings of the company. Emerald Acquisition Ltd. bought a new stake in shares of KBR during the second quarter valued at approximately $27,089,000. Hotchkis & Wiley Capital Management LLC raised its stake in shares of KBR by 64.3% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 4,747,597 shares of the company’s stock valued at $62,858,000 after buying an additional 1,858,400 shares during the last quarter. Cambiar Investors LLC bought a new stake in shares of KBR during the second quarter valued at approximately $23,832,000. Visium Asset Management LP bought a new stake in shares of KBR during the second quarter valued at approximately $22,525,000. Finally, Allianz Asset Management AG raised its stake in shares of KBR by 108.1% in the second quarter. Allianz Asset Management AG now owns 3,272,968 shares of the company’s stock valued at $43,334,000 after buying an additional 1,700,105 shares during the last quarter. 97.24% of the stock is owned by institutional investors.
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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