KeyCorp Lowers KBR (NYSE:KBR) Price Target to $70.00

KBR (NYSE:KBR) had its target price cut by research analysts at KeyCorp from $78.00 to $70.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. KeyCorp’s price objective would suggest a potential upside of 21.85% from the company’s current price.

Several other research firms have also issued reports on KBR. DA Davidson reaffirmed a “buy” rating and issued a $84.00 target price on shares of KBR in a report on Tuesday, November 19th. Citigroup upped their price objective on KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. UBS Group lifted their target price on KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. TD Cowen reduced their price target on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday. Finally, StockNews.com lowered shares of KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $78.86.

KBR Trading Down 0.6 %

Shares of KBR stock opened at $57.45 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The stock has a fifty day simple moving average of $60.79 and a 200 day simple moving average of $64.07. KBR has a 12-month low of $51.60 and a 12-month high of $72.60. The company has a market capitalization of $7.65 billion, a P/E ratio of 24.14, a price-to-earnings-growth ratio of 1.16 and a beta of 0.85.

KBR (NYSE:KBR) last announced its earnings results on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, meeting the consensus estimate of $0.84. KBR had a net margin of 4.35% and a return on equity of 28.87%. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the company posted $0.75 earnings per share. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, sell-side analysts anticipate that KBR will post 3.27 earnings per share for the current fiscal year.

Institutional Trading of KBR

Institutional investors have recently added to or reduced their stakes in the stock. True Wealth Design LLC purchased a new position in shares of KBR during the 3rd quarter valued at $26,000. Quarry LP boosted its stake in KBR by 454.7% during the second quarter. Quarry LP now owns 821 shares of the construction company’s stock valued at $53,000 after buying an additional 673 shares during the period. Eastern Bank purchased a new position in KBR during the third quarter worth about $65,000. Daiwa Securities Group Inc. bought a new position in KBR in the 3rd quarter worth about $111,000. Finally, Blue Trust Inc. raised its holdings in shares of KBR by 32.2% in the 3rd quarter. Blue Trust Inc. now owns 1,926 shares of the construction company’s stock valued at $124,000 after acquiring an additional 469 shares in the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

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.