TD Cowen Issues Pessimistic Forecast for KBR (NYSE:KBR) Stock Price

KBR (NYSE:KBR) had its price target dropped by research analysts at TD Cowen from $72.00 to $64.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the construction company’s stock. TD Cowen’s target price points to a potential upside of 11.40% from the stock’s current price.

A number of other research firms also recently weighed in on KBR. StockNews.com downgraded KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th. UBS Group lifted their price objective on KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Citigroup upped their target price on KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. KeyCorp lifted their price target on shares of KBR from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, DA Davidson restated a “buy” rating and issued a $84.00 price objective on shares of KBR in a research note on Tuesday, November 19th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, KBR presently has an average rating of “Moderate Buy” and a consensus price target of $78.86.

KBR Stock Performance

KBR opened at $57.45 on Wednesday. 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 stock’s 50 day moving average price is $60.79 and its two-hundred day moving average price is $64.07. The firm 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 has a 12-month low of $51.60 and a 12-month high of $72.60.

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

Institutional Trading of KBR

Several large investors have recently added to or reduced their stakes in KBR. True Wealth Design LLC acquired a new position in shares of KBR in the 3rd quarter worth approximately $26,000. Quarry LP boosted its stake in KBR by 454.7% in the second quarter. Quarry LP now owns 821 shares of the construction company’s stock worth $53,000 after purchasing an additional 673 shares in the last quarter. Eastern Bank bought a new stake in shares of KBR during the third quarter worth $65,000. Daiwa Securities Group Inc. bought a new stake in shares of KBR during the third quarter worth $111,000. Finally, Blue Trust Inc. increased its stake in shares of KBR by 32.2% in the third quarter. Blue Trust Inc. now owns 1,926 shares of the construction company’s stock valued at $124,000 after buying an additional 469 shares in the last quarter. 97.02% of the stock is owned by institutional investors.

KBR Company Profile

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.