The Goldman Sachs Group Cuts KBR (NYSE:KBR) Price Target to $64.00

KBR (NYSE:KBR) had its target price lowered by The Goldman Sachs Group from $75.00 to $64.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. The Goldman Sachs Group’s price target would suggest a potential upside of 33.84% from the company’s previous close.

Several other analysts also recently commented on the company. Citigroup dropped their price objective on KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. DA Davidson reaffirmed a “buy” rating and issued a $84.00 price target on shares of KBR in a research note on Tuesday, November 19th. TD Cowen lowered their price objective on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. UBS Group boosted their price objective on shares of KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, KeyCorp reduced their target price on shares of KBR from $70.00 to $67.00 and set an “overweight” rating for the company in a research note on Tuesday. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $75.88.

KBR Stock Performance

KBR stock traded down $0.42 during mid-day trading on Wednesday, reaching $47.82. The company had a trading volume of 779,224 shares, compared to its average volume of 1,526,052. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The company has a 50 day moving average of $55.82 and a 200-day moving average of $61.69. KBR has a 52 week low of $47.16 and a 52 week high of $72.60. The firm has a market cap of $6.37 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 0.86 and a beta of 0.83.

KBR (NYSE:KBR) last posted its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. On average, sell-side analysts expect that KBR will post 3.26 EPS for the current fiscal year.

Institutional Trading of KBR

Several institutional investors and hedge funds have recently bought and sold shares of the company. True Wealth Design LLC purchased a new stake in KBR in the third quarter valued at approximately $26,000. UMB Bank n.a. increased its holdings in shares of KBR by 49.2% in the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock worth $31,000 after buying an additional 175 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of KBR during the 4th quarter valued at $31,000. First Horizon Advisors Inc. bought a new stake in shares of KBR during the 4th quarter worth $32,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in KBR in the fourth quarter worth $68,000. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

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.