KBR, Inc. (NYSE:KBR) Receives $81.14 Average Price Target from Brokerages

KBR, Inc. (NYSE:KBR) has been given a consensus rating of “Moderate Buy” by the seven ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $81.14.

A number of analysts recently weighed in on the stock. DA Davidson reaffirmed a “buy” rating and set a $84.00 target price on shares of KBR in a report on Tuesday. StockNews.com cut shares of KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. TD Cowen cut shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price target for the company. in a research note on Friday, September 6th. Citigroup boosted their price target on shares of KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, UBS Group boosted their price target on shares of KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th.

Institutional Investors Weigh In On KBR

Institutional investors have recently added to or reduced their stakes in the company. Pier 88 Investment Partners LLC boosted its position in KBR by 25.9% during the 3rd quarter. Pier 88 Investment Partners LLC now owns 50,710 shares of the construction company’s stock valued at $3,303,000 after buying an additional 10,420 shares during the period. GSA Capital Partners LLP purchased a new stake in KBR during the 3rd quarter valued at $771,000. Boston Partners boosted its position in KBR by 49.4% during the 1st quarter. Boston Partners now owns 84,965 shares of the construction company’s stock valued at $5,410,000 after buying an additional 28,091 shares during the period. Comerica Bank raised its holdings in KBR by 27.5% in the 1st quarter. Comerica Bank now owns 72,580 shares of the construction company’s stock worth $4,620,000 after purchasing an additional 15,651 shares in the last quarter. Finally, Asset Management One Co. Ltd. bought a new position in KBR in the 3rd quarter worth $1,928,000. Hedge funds and other institutional investors own 97.02% of the company’s stock.

KBR Stock Performance

KBR stock opened at $61.77 on Wednesday. The firm’s 50 day simple moving average is $66.21 and its 200 day simple moving average is $65.56. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $8.23 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 1.16 and a beta of 0.89. KBR has a 1-year low of $50.45 and a 1-year high of $72.60.

KBR (NYSE:KBR) last posted its earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.84. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.95 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. KBR’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 EPS. As a group, analysts expect that KBR will post 3.27 earnings per share for the current fiscal year.

KBR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be paid a $0.15 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.97%. KBR’s dividend payout ratio (DPR) is 25.21%.

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.