KBR, Inc. (NYSE:KBR) Upgraded by ValuEngine to “Buy”

KBR, Inc. (NYSE:KBR) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Monday, November 6th.

Other research analysts also recently issued research reports about the stock. BidaskClub upgraded shares of KBR from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. Zacks Investment Research upgraded shares of KBR from a “sell” rating to a “hold” rating in a report on Monday, July 17th. KeyCorp set a $20.00 target price on shares of KBR and gave the stock a “buy” rating in a report on Friday, August 25th. Citigroup Inc. lifted their target price on shares of KBR from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Finally, TheStreet upgraded shares of KBR from a “d+” rating to a “c-” rating in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $21.00.

KBR (NYSE KBR) traded down $0.28 during trading on Monday, hitting $18.26. 1,050,368 shares of the stock were exchanged, compared to its average volume of 3,138,475. The company has a market cap of $2,597.08, a P/E ratio of 31.97, a P/E/G ratio of 1.41 and a beta of 1.07. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.59. KBR has a fifty-two week low of $13.36 and a fifty-two week high of $21.25.

KBR (NYSE:KBR) last released its quarterly earnings results on Tuesday, October 31st. The construction company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.05 billion. KBR had a net margin of 1.63% and a return on equity of 10.22%. KBR’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.44) EPS. equities research analysts anticipate that KBR will post 1.46 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of KBR. BlackRock Inc. grew its position in 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 purchasing an additional 13,538,277 shares during the last quarter. FMR LLC boosted its position in shares of 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 acquiring an additional 6,956,217 shares in the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in shares of KBR during the 2nd quarter valued at about $37,365,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of KBR by 25,686.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,355,595 shares of the construction company’s stock valued at $20,632,000 after acquiring an additional 1,350,338 shares in the last quarter. Finally, State Street Corp boosted its position in shares of KBR by 26.4% during the 2nd quarter. State Street Corp now owns 4,850,668 shares of the construction company’s stock valued at $73,828,000 after acquiring an additional 1,013,321 shares in the last quarter. Institutional investors 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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