DA Davidson Reaffirms Buy Rating for KBR (NYSE:KBR)

KBR (NYSE:KBR)‘s stock had its “buy” rating reiterated by equities researchers at DA Davidson in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $84.00 target price on the construction company’s stock. DA Davidson’s target price would indicate a potential upside of 44.78% from the company’s current price.

A number of other research analysts also recently commented on the company. TD Cowen downgraded KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective for the company. in a research note on Friday, September 6th. StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. UBS Group increased their target price on shares of KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. KeyCorp raised their price objective on shares of KBR from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, Citigroup upped their price objective on KBR from $76.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $81.14.

KBR Price Performance

Shares of KBR stock opened at $58.02 on Tuesday. The stock has a market capitalization of $7.73 billion, a P/E ratio of 24.38, a PEG ratio of 1.17 and a beta of 0.89. 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 business’s fifty day moving average price is $66.25 and its 200 day moving average price is $65.64. KBR has a twelve month low of $50.45 and a twelve month high of $72.60.

KBR (NYSE:KBR) last posted its earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.84. KBR had a return on equity of 28.87% and a net margin of 4.35%. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter last year, the firm earned $0.75 earnings per share. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, research analysts anticipate that KBR will post 3.27 earnings per share for the current year.

Institutional Investors Weigh In On KBR

Hedge funds and other institutional investors have recently modified their holdings of the stock. Natixis acquired a new stake in shares of KBR during the 1st quarter valued at about $7,353,000. MQS Management LLC bought a new stake in shares of KBR in the 1st quarter valued at approximately $210,000. Cloverfields Capital Group LP raised its holdings in shares of KBR by 369.3% in the 1st quarter. Cloverfields Capital Group LP now owns 80,820 shares of the construction company’s stock worth $5,145,000 after buying an additional 63,599 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of KBR by 2.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 235,101 shares of the construction company’s stock worth $14,967,000 after buying an additional 4,804 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its stake in KBR by 6.3% in the 1st quarter. Public Employees Retirement System of Ohio now owns 59,568 shares of the construction company’s stock valued at $3,792,000 after buying an additional 3,518 shares in the last quarter. Institutional investors and hedge funds 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.