KBR, Inc. (NYSE:KBR) Receives $81.14 Consensus Price Target from Analysts

Shares of KBR, Inc. (NYSE:KBR) have been given an average rating of “Moderate Buy” by the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $81.14.

KBR has been the subject of several research analyst reports. UBS Group raised their price target on KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Citigroup raised their target price on KBR from $76.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. TD Cowen lowered shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price target on the stock. in a research note on Friday, September 6th. StockNews.com lowered shares of KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. Finally, KeyCorp upped their target price on shares of KBR from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th.

KBR Stock Performance

NYSE KBR opened at $57.36 on Friday. The stock has a fifty day simple moving average of $64.06 and a 200-day simple moving average of $64.71. 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 stock has a market cap of $7.64 billion, a PE ratio of 24.10, a P/E/G ratio of 1.18 and a beta of 0.84. KBR has a twelve month low of $51.60 and a twelve month high of $72.60.

KBR (NYSE:KBR) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.84. KBR had a net margin of 4.35% and a return on equity of 28.87%. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period last year, the business earned $0.75 earnings per share. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. Equities analysts anticipate that KBR will post 3.27 earnings per share for the current year.

KBR Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.05%. The ex-dividend date is Friday, December 13th. KBR’s dividend payout ratio (DPR) is presently 25.21%.

Institutional Investors Weigh In On KBR

Hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp increased its holdings in KBR by 0.7% in the third quarter. State Street Corp now owns 4,016,324 shares of the construction company’s stock valued at $262,185,000 after buying an additional 29,833 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of KBR by 14.5% in the 3rd quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock valued at $167,876,000 after acquiring an additional 305,889 shares during the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of KBR by 29.4% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,286,779 shares of the construction company’s stock worth $146,674,000 after acquiring an additional 520,207 shares in the last quarter. Wolf Hill Capital Management LP lifted its stake in KBR by 37.1% during the second quarter. Wolf Hill Capital Management LP now owns 1,877,497 shares of the construction company’s stock worth $120,423,000 after purchasing an additional 507,800 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in KBR by 6.8% in the second quarter. Bank of New York Mellon Corp now owns 1,778,765 shares of the construction company’s stock valued at $114,090,000 after purchasing an additional 113,140 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

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.