KeyCorp Lowers KBR (NYSE:KBR) Price Target to $67.00

KBR (NYSE:KBR) had its price target reduced by investment analysts at KeyCorp from $70.00 to $67.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the construction company’s stock. KeyCorp’s price objective indicates a potential upside of 39.90% from the stock’s current price.

A number of other equities analysts have also recently issued reports on KBR. Citigroup cut their price objective on shares of KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. UBS Group increased their price target on KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. TD Cowen decreased their price objective on KBR from $72.00 to $64.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Finally, DA Davidson reaffirmed a “buy” rating and set a $84.00 target price on shares of KBR in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, KBR has a consensus rating of “Moderate Buy” and an average price target of $75.88.

KBR Stock Down 0.7 %

Shares of KBR stock opened at $47.89 on Tuesday. The stock’s 50-day moving average is $55.67 and its 200 day moving average is $61.60. KBR has a one year low of $47.16 and a one year high of $72.60. The firm has a market cap of $6.38 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 0.86 and a beta of 0.83. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07.

KBR (NYSE:KBR) last posted its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. Equities research analysts anticipate that KBR will post 3.26 EPS for the current year.

Institutional Trading of KBR

Institutional investors have recently made changes to their positions in the company. Pier 88 Investment Partners LLC boosted its holdings in KBR by 25.9% during the third quarter. Pier 88 Investment Partners LLC now owns 50,710 shares of the construction company’s stock worth $3,303,000 after purchasing an additional 10,420 shares during the last quarter. Hennessy Advisors Inc. bought a new position in shares of KBR during the 4th quarter worth approximately $47,022,000. GSA Capital Partners LLP purchased a new position in shares of KBR in the 3rd quarter worth approximately $771,000. Franklin Resources Inc. grew its holdings in shares of KBR by 14.5% in the third quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock valued at $167,876,000 after acquiring an additional 305,889 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of KBR by 56.9% during the fourth quarter. Blue Trust Inc. now owns 3,021 shares of the construction company’s stock valued at $175,000 after acquiring an additional 1,095 shares during the last quarter. Institutional investors own 97.02% of the company’s stock.

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.