ValuEngine Lowers KBR (KBR) to Hold

ValuEngine cut shares of KBR (NYSE:KBR) from a buy rating to a hold rating in a research report report published on Tuesday, November 14th.

A number of other brokerages also recently commented on KBR. Zacks Investment Research upgraded KBR from a sell rating to a hold rating in a report on Monday, July 17th. TheStreet raised KBR from a d+ rating to a c- rating in a research note on Thursday, August 3rd. Credit Suisse Group lifted their target price on KBR from $19.00 to $22.00 and gave the company an outperform rating in a research note on Thursday, November 2nd. Deutsche Bank lifted their target price on KBR from $18.00 to $20.00 and gave the company a buy rating in a research note on Tuesday, October 24th. Finally, BidaskClub raised KBR from a sell rating to a hold rating in a research note on Saturday, August 5th. One analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $21.00.

KBR (NYSE:KBR) traded up $0.07 during mid-day trading on Tuesday, reaching $18.82. The company’s stock had a trading volume of 1,340,000 shares, compared to its average volume of 2,791,187. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.59. The stock has a market cap of $2,636.31, a price-to-earnings ratio of 32.45, a PEG ratio of 1.44 and a beta of 1.05. KBR has a 1-year low of $13.36 and a 1-year high of $21.25.

KBR (NYSE:KBR) last issued its quarterly earnings data on Tuesday, October 31st. The construction company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.05. KBR had a return on equity of 10.22% and a net margin of 1.63%. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the firm earned ($0.44) earnings per share. KBR’s revenue was down 3.6% on a year-over-year basis. sell-side analysts expect that KBR will post 1.47 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.70%. The ex-dividend date is Thursday, December 14th. KBR’s dividend payout ratio is presently 62.75%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KBR. FMR LLC raised its position in KBR by 47.9% during the 2nd quarter. FMR LLC now owns 21,472,623 shares of the construction company’s stock valued at $326,814,000 after purchasing an additional 6,956,217 shares in the last quarter. BlackRock Inc. raised its stake in KBR by 12.6% in the second quarter. BlackRock Inc. now owns 15,451,221 shares of the construction company’s stock valued at $235,167,000 after buying an additional 1,726,589 shares in the last quarter. Vanguard Group Inc. raised its stake in KBR by 2.9% in the second quarter. Vanguard Group Inc. now owns 11,856,863 shares of the construction company’s stock valued at $180,461,000 after buying an additional 334,896 shares in the last quarter. Huber Capital Management LLC raised its stake in KBR by 0.7% in the second quarter. Huber Capital Management LLC now owns 8,330,385 shares of the construction company’s stock valued at $126,788,000 after buying an additional 61,300 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in KBR by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 4,890,996 shares of the construction company’s stock valued at $87,452,000 after buying an additional 24,652 shares in the last quarter. Institutional investors and hedge funds own 99.73% of the company’s stock.

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KBR Company Profile

KBR, Inc is a provider of professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. The Company operates through business segments, including Technology & Consulting (T&C), Engineering & Construction (E&C), Government Services (GS), Non-strategic Business and Other.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for KBR (NYSE:KBR)

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