KBR, Inc. (KBR) Receives Average Rating of “Buy” from Analysts

KBR, Inc. (NYSE:KBR) has received a consensus rating of “Buy” from the fourteen research firms that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $22.18.

A number of brokerages have commented on KBR. Bank of America lifted their target price on shares of KBR from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday, August 13th. Macquarie downgraded shares of KBR from an “outperform” rating to a “neutral” rating and set a $22.00 target price on the stock. in a research note on Wednesday, September 19th. Zacks Investment Research raised shares of KBR from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Sunday, July 15th. MKM Partners set a $25.00 price target on shares of KBR and gave the company a “buy” rating in a research note on Tuesday, July 31st. Finally, Goldman Sachs Group raised shares of KBR from a “sell” rating to a “neutral” rating in a research note on Wednesday, June 13th.

KBR stock traded up $0.13 during trading on Friday, reaching $20.74. 705,700 shares of the stock were exchanged, compared to its average volume of 1,799,962. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.28. KBR has a 1 year low of $14.40 and a 1 year high of $21.69. The company has a market capitalization of $2.93 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 1.63 and a beta of 1.20.

KBR (NYSE:KBR) last issued its earnings results on Monday, July 30th. The construction company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. KBR had a net margin of 11.69% and a return on equity of 14.21%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the firm earned $0.57 earnings per share. KBR’s quarterly revenue was up 15.8% compared to the same quarter last year. sell-side analysts forecast that KBR will post 1.45 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Monday, September 17th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Friday, September 14th. KBR’s dividend payout ratio (DPR) is 21.48%.

Institutional investors have recently added to or reduced their stakes in the company. Summit Trail Advisors LLC raised its stake in shares of KBR by 1,452.9% in the 1st quarter. Summit Trail Advisors LLC now owns 105,519 shares of the construction company’s stock valued at $106,000 after acquiring an additional 98,724 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of KBR in the 2nd quarter valued at approximately $143,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of KBR in the 2nd quarter valued at approximately $158,000. Janney Montgomery Scott LLC purchased a new stake in shares of KBR in the 2nd quarter valued at approximately $179,000. Finally, Verition Fund Management LLC purchased a new stake in shares of KBR in the 1st quarter valued at approximately $192,000. 97.32% of the stock is currently owned by institutional investors and hedge funds.

KBR Company Profile

KBR, Inc provides professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries worldwide. The company operates through three segments: Government Services, Technology & Consulting, and Engineering & Construction. The Government Services segment offers life-cycle support solutions to defense, space, aviation, and other programs and missions for government agencies in the United States, the United Kingdom, and Australia.

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Analyst Recommendations for KBR (NYSE:KBR)

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