KBR, Inc. (NYSE:KBR) Receives $78.00 Average PT from Brokerages

KBR, Inc. (NYSE:KBR) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $78.00.

A number of equities research analysts have weighed in on the company. UBS Group lifted their target price on KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Citigroup decreased their price objective on KBR from $82.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. KeyCorp dropped their target price on shares of KBR from $78.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. TD Cowen reduced their price target on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Finally, DA Davidson reiterated a “buy” rating and set a $84.00 price objective on shares of KBR in a research note on Tuesday, November 19th.

KBR Stock Performance

Shares of NYSE:KBR opened at $53.71 on Monday. The firm’s 50 day simple moving average is $57.91 and its 200-day simple moving average is $63.03. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. KBR has a one year low of $52.57 and a one year high of $72.60. The firm has a market cap of $7.16 billion, a PE ratio of 22.57, a price-to-earnings-growth ratio of 0.92 and a beta of 0.83.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of KBR. UMB Bank n.a. grew its position in KBR by 49.2% during the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock worth $31,000 after purchasing an additional 175 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of KBR by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 4,122 shares of the construction company’s stock valued at $239,000 after buying an additional 203 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of KBR by 1.5% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 19,700 shares of the construction company’s stock valued at $1,283,000 after acquiring an additional 300 shares during the period. Janney Montgomery Scott LLC raised its stake in KBR by 2.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 11,764 shares of the construction company’s stock worth $766,000 after acquiring an additional 335 shares during the last quarter. Finally, True Wealth Design LLC acquired a new stake in KBR during the 3rd quarter worth about $26,000. Institutional investors own 97.02% of the company’s stock.

KBR Company Profile

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.