KBR (KBR) Rating Lowered to Sell at ValuEngine

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KBR (NYSE:KBR) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Thursday.

Other analysts have also recently issued research reports about the company. Bank of America raised their price objective on KBR from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, August 13th. Macquarie lowered KBR from an “outperform” rating to a “neutral” rating and set a $22.00 target price for the company. in a research note on Wednesday, September 19th. Drexel Hamilton set a $22.00 target price on KBR and gave the stock a “buy” rating in a research note on Tuesday, October 30th. Credit Suisse Group raised their target price on KBR from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 31st. Finally, Zacks Investment Research restated a “strong-buy” rating and issued a $23.00 target price on shares of KBR in a research note on Tuesday, November 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $23.20.

KBR stock opened at $16.73 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $2.43 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 1.27 and a beta of 1.11. KBR has a 1-year low of $14.40 and a 1-year high of $22.22.

KBR (NYSE:KBR) last posted its quarterly earnings data on Tuesday, October 30th. The construction company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.07. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.32 billion. KBR had a return on equity of 13.40% and a net margin of 11.35%. The business’s quarterly revenue was up 23.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 EPS. As a group, equities research analysts expect that KBR will post 1.51 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its stake in KBR by 0.3% in the 3rd quarter. BlackRock Inc. now owns 15,633,553 shares of the construction company’s stock worth $330,336,000 after acquiring an additional 49,537 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in KBR by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,263,465 shares of the construction company’s stock worth $94,321,000 after acquiring an additional 28,856 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in KBR by 5.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,801,163 shares of the construction company’s stock worth $101,449,000 after acquiring an additional 261,762 shares during the last quarter. Pzena Investment Management LLC raised its stake in shares of KBR by 1.4% during the 3rd quarter. Pzena Investment Management LLC now owns 3,756,610 shares of the construction company’s stock valued at $79,377,000 after buying an additional 51,285 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of KBR by 8.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,067,556 shares of the construction company’s stock valued at $64,797,000 after buying an additional 248,631 shares during the last quarter. Institutional investors own 97.78% of the company’s stock.

About KBR

KBR, Inc provides professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries worldwide. The company operates through three segments: Government Services, Technology & Consulting, and Engineering & Construction. The Government Services segment offers life-cycle support solutions to defense, space, aviation, and other programs and missions for government agencies in the United States, the United Kingdom, and Australia.

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Analyst Recommendations for KBR (NYSE:KBR)

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