KBR, Inc. (NYSE:KBR) had its price objective increased by investment analysts at Credit Suisse Group from $19.00 to $22.00 in a research report issued on Thursday, November 2nd. The brokerage presently has an “outperform” rating on the construction company’s stock. Credit Suisse Group’s price objective suggests a potential upside of 24.86% from the company’s current price.
KBR has been the topic of several other reports. Zacks Investment Research upgraded shares of KBR from a “hold” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a research report on Wednesday, October 25th. Deutsche Bank AG boosted their price target on shares of KBR from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, October 24th. DA Davidson downgraded shares of KBR from a “buy” rating to a “neutral” rating and set a $22.00 price target on the stock. in a research report on Wednesday, November 1st. BidaskClub downgraded shares of KBR from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. Finally, KeyCorp restated a “buy” rating and issued a $20.00 price target on shares of KBR in a research report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $20.88.
KBR (NYSE KBR) traded down $1.77 on Thursday, hitting $17.62. 7,809,500 shares of the stock were exchanged, compared to its average volume of 2,064,464. KBR has a one year low of $13.36 and a one year high of $21.25. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.59. The firm has a market cap of $2,580.00, a P/E ratio of 33.43, a P/E/G ratio of 1.48 and a beta of 1.07.
KBR (NYSE:KBR) last posted its earnings results on Tuesday, October 31st. The construction company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. KBR had a net margin of 1.63% and a return on equity of 10.22%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the company earned ($0.44) EPS. The firm’s revenue was down 3.6% compared to the same quarter last year. equities analysts predict that KBR will post 1.46 earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently bought and sold shares of KBR. BlackRock Inc. grew its stake in shares of KBR by 7,264.8% in the 1st quarter. BlackRock Inc. now owns 13,724,632 shares of the construction company’s stock worth $206,282,000 after acquiring an additional 13,538,277 shares in the last quarter. FMR LLC grew its stake in shares of KBR by 47.9% in the 2nd quarter. FMR LLC now owns 21,472,623 shares of the construction company’s stock worth $326,814,000 after acquiring an additional 6,956,217 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new stake in shares of KBR in the 2nd quarter worth $37,365,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of KBR by 25,686.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,355,595 shares of the construction company’s stock worth $20,632,000 after buying an additional 1,350,338 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of KBR by 26.4% in the 2nd quarter. State Street Corp now owns 4,850,668 shares of the construction company’s stock worth $73,828,000 after buying an additional 1,013,321 shares during the last quarter. Hedge funds and other institutional investors own 99.73% of the company’s stock.
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.
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