KBR, Inc. (NYSE:KBR) Receives $76.00 Consensus Price Target from Analysts

Shares of KBR, Inc. (NYSE:KBR) have been given a consensus recommendation of “Buy” by the seven ratings firms that are covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $76.00.

Several equities research analysts have weighed in on the company. Stifel Nicolaus raised their price target on KBR from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Citigroup boosted their target price on shares of KBR from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. StockNews.com cut shares of KBR from a “strong-buy” rating to a “buy” rating in a report on Monday, August 12th. UBS Group boosted their price objective on shares of KBR from $68.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. Finally, DA Davidson restated a “buy” rating and issued a $78.00 target price on shares of KBR in a research note on Tuesday, June 25th.

Hedge Funds Weigh In On KBR

A number of institutional investors have recently modified their holdings of KBR. Quarry LP boosted its stake in shares of KBR by 454.7% in the second quarter. Quarry LP now owns 821 shares of the construction company’s stock worth $53,000 after buying an additional 673 shares during the last quarter. Creative Planning boosted its position in KBR by 20.5% in the 2nd quarter. Creative Planning now owns 7,373 shares of the construction company’s stock worth $473,000 after purchasing an additional 1,255 shares in the last quarter. Algert Global LLC grew its stake in shares of KBR by 95.9% during the 2nd quarter. Algert Global LLC now owns 58,099 shares of the construction company’s stock worth $3,726,000 after purchasing an additional 28,439 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in shares of KBR during the 2nd quarter valued at approximately $9,582,000. Finally, Mackenzie Financial Corp acquired a new position in shares of KBR in the 2nd quarter valued at $3,493,000. Hedge funds and other institutional investors own 97.02% of the company’s stock.

KBR Stock Down 0.8 %

NYSE:KBR opened at $65.45 on Monday. The company’s 50-day simple moving average is $64.90 and its 200-day simple moving average is $63.01. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.10 and a current ratio of 1.10. KBR has a fifty-two week low of $49.37 and a fifty-two week high of $69.37. The stock has a market capitalization of $8.79 billion, a P/E ratio of -34.09, a P/E/G ratio of 1.36 and a beta of 0.90.

KBR (NYSE:KBR) last announced its earnings results on Wednesday, July 24th. The construction company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.04. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.88 billion. KBR had a net margin of 2.77% and a return on equity of 27.92%. On average, equities analysts anticipate that KBR will post 3.24 earnings per share for the current fiscal year.

About KBR

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.