KBR (NYSE:KBR) Given New $75.00 Price Target at KeyCorp

KBR (NYSE:KBR) had its price objective hoisted by KeyCorp from $73.00 to $75.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the construction company’s stock. KeyCorp’s target price would indicate a potential upside of 9.84% from the stock’s previous close.

Several other analysts also recently commented on KBR. DA Davidson restated a “buy” rating and set a $78.00 price objective on shares of KBR in a research report on Tuesday, June 25th. TD Cowen downgraded KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective on the stock. in a research report on Friday, September 6th. Finally, StockNews.com downgraded KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $76.75.

KBR Stock Performance

Shares of KBR opened at $68.28 on Tuesday. The firm has a market capitalization of $9.17 billion, a P/E ratio of -35.56, a PEG ratio of 1.32 and a beta of 0.90. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.10 and a quick ratio of 1.10. KBR has a one year low of $49.37 and a one year high of $69.50. The business has a fifty day moving average of $65.13 and a 200 day moving average of $64.85.

KBR (NYSE:KBR) last released its quarterly earnings results on Wednesday, July 24th. The construction company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.04. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.88 billion. KBR had a net margin of 2.77% and a return on equity of 27.92%. As a group, sell-side analysts anticipate that KBR will post 3.25 EPS for the current year.

Insider Activity at KBR

In related news, insider Jalal Ibrahim sold 35,000 shares of KBR stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $66.56, for a total value of $2,329,600.00. Following the completion of the sale, the insider now directly owns 106,550 shares in the company, valued at $7,091,968. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.08% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Nomura Holdings Inc. acquired a new stake in KBR during the fourth quarter worth about $11,065,000. Prelude Capital Management LLC increased its holdings in shares of KBR by 3.1% during the 4th quarter. Prelude Capital Management LLC now owns 83,488 shares of the construction company’s stock valued at $4,626,000 after purchasing an additional 2,475 shares in the last quarter. Onex Canada Asset Management Inc. acquired a new position in shares of KBR in the 4th quarter valued at $11,742,000. Sierra Summit Advisors LLC acquired a new position in shares of KBR in the 4th quarter valued at $429,000. Finally, Congress Asset Management Co. MA grew its position in KBR by 31.8% during the fourth quarter. Congress Asset Management Co. MA now owns 97,441 shares of the construction company’s stock valued at $5,399,000 after buying an additional 23,534 shares during the period. Hedge funds and other institutional investors own 97.02% of the company’s stock.

About KBR

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.