KBR (NYSE:KBR) had its target price increased by investment analysts at Citigroup from $37.00 to $38.00 in a report issued on Tuesday, The Fly reports. Citigroup’s target price would suggest a potential upside of 19.12% from the company’s current price.
Several other equities research analysts also recently weighed in on the company. Credit Suisse Group increased their price target on KBR from $36.00 to $38.00 and gave the stock an “outperform” rating in a report on Tuesday. Cowen restated a “buy” rating and issued a $29.00 target price on shares of KBR in a research note on Thursday, December 3rd. Truist boosted their price target on shares of KBR from $34.00 to $40.00 in a research note on Friday, January 15th. DA Davidson cut shares of KBR from a “buy” rating to a “neutral” rating and set a $30.00 price target for the company. in a report on Thursday, February 4th. Finally, Zacks Investment Research lowered KBR from a “buy” rating to a “hold” rating and set a $29.00 price objective on the stock. in a report on Tuesday, December 15th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $32.77.
Shares of NYSE:KBR traded down $0.10 on Tuesday, reaching $31.90. The company’s stock had a trading volume of 43,226 shares, compared to its average volume of 1,264,620. The stock’s 50-day moving average is $31.02 and its two-hundred day moving average is $26.88. KBR has a 52-week low of $12.00 and a 52-week high of $32.44. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.54 and a quick ratio of 1.54. The stock has a market capitalization of $4.55 billion, a P/E ratio of -127.60 and a beta of 1.39.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Impactive Capital LP purchased a new stake in KBR during the fourth quarter worth $73,894,000. Snyder Capital Management L P acquired a new position in shares of KBR during the 3rd quarter worth $21,716,000. Frontier Capital Management Co. LLC boosted its position in shares of KBR by 45.4% in the 4th quarter. Frontier Capital Management Co. LLC now owns 2,724,935 shares of the construction company’s stock worth $84,282,000 after buying an additional 850,878 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of KBR by 46.4% in the 4th quarter. Russell Investments Group Ltd. now owns 2,590,494 shares of the construction company’s stock worth $80,114,000 after buying an additional 821,575 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in KBR by 857.7% in the 3rd quarter. Great West Life Assurance Co. Can now owns 702,381 shares of the construction company’s stock valued at $971,000 after acquiring an additional 629,039 shares during the last quarter. 98.24% of the stock is owned by hedge funds and other institutional investors.
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 Solutions, Technology Solutions, and Energy Solutions. The Government Solutions segment offers life-cycle support solutions to defense, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.
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