Citigroup Increases KBR (NYSE:KBR) Price Target to $38.00

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.

KBR (NYSE:KBR) last issued its quarterly earnings results on Sunday, February 21st. The construction company reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.03. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.51 billion. KBR had a positive return on equity of 13.98% and a negative net margin of 0.57%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 EPS. Equities analysts forecast that KBR will post 1.71 earnings per share for the current fiscal year.

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.

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 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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