TD Cowen Has Lowered Expectations for KBR (NYSE:KBR) Stock Price

KBR (NYSE:KBR) had its price objective lowered by stock analysts at TD Cowen from $72.00 to $64.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the construction company’s stock. TD Cowen’s target price indicates a potential upside of 11.40% from the stock’s previous close.

Several other brokerages have also recently commented on KBR. DA Davidson reiterated a “buy” rating and set a $84.00 price target on shares of KBR in a research report on Tuesday, November 19th. StockNews.com cut shares of KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th. Citigroup increased their price target on KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. KeyCorp lifted their price objective on KBR from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, UBS Group increased their target price on KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, KBR has a consensus rating of “Moderate Buy” and a consensus target price of $78.86.

KBR Stock Down 0.6 %

Shares of KBR opened at $57.45 on Wednesday. The business’s fifty day moving average price is $60.79 and its two-hundred day moving average price is $64.07. The firm has a market capitalization of $7.65 billion, a price-to-earnings ratio of 24.14, a PEG ratio of 1.16 and a beta of 0.85. KBR has a 52 week low of $51.60 and a 52 week high of $72.60. 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 (NYSE:KBR) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.84. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.95 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.75 earnings per share. On average, analysts predict that KBR will post 3.27 earnings per share for the current year.

Hedge Funds Weigh In On KBR

Several institutional investors have recently modified their holdings of KBR. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in KBR by 1.5% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 19,700 shares of the construction company’s stock worth $1,283,000 after buying an additional 300 shares during the period. Janney Montgomery Scott LLC increased its position in shares of KBR by 2.9% during the third 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 in the last quarter. True Wealth Design LLC bought a new stake in shares of KBR during the third quarter worth $26,000. Blue Trust Inc. raised its holdings in shares of KBR by 32.2% during the third quarter. Blue Trust Inc. now owns 1,926 shares of the construction company’s stock worth $124,000 after acquiring an additional 469 shares during the period. Finally, Prosperity Financial Group Inc. lifted its position in KBR by 11.3% in the 3rd quarter. Prosperity Financial Group Inc. now owns 5,705 shares of the construction company’s stock valued at $372,000 after acquiring an additional 581 shares in the last quarter. 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.