Analysts Set KBR, Inc. (NYSE:KBR) Target Price at $81.14

Shares of KBR, Inc. (NYSE:KBR) have been given an average recommendation of “Moderate Buy” by the seven analysts that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $81.14.

KBR has been the topic of several recent research reports. Citigroup increased their price target on KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. DA Davidson reissued a “buy” rating and issued a $84.00 price objective on shares of KBR in a research note on Tuesday. StockNews.com downgraded KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. KeyCorp increased their price objective on KBR from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, 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.

Institutional Trading of KBR

Several hedge funds have recently made changes to their positions in the company. Natixis bought a new stake in shares of KBR in the first quarter valued at approximately $7,353,000. MQS Management LLC bought a new position in shares of KBR in the first quarter worth $210,000. Cloverfields Capital Group LP boosted its holdings in shares of KBR by 369.3% in the first quarter. Cloverfields Capital Group LP now owns 80,820 shares of the construction company’s stock worth $5,145,000 after acquiring an additional 63,599 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of KBR by 2.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 235,101 shares of the construction company’s stock valued at $14,967,000 after purchasing an additional 4,804 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in KBR by 6.3% during the 1st quarter. Public Employees Retirement System of Ohio now owns 59,568 shares of the construction company’s stock worth $3,792,000 after purchasing an additional 3,518 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors.

KBR Stock Up 2.6 %

Shares of NYSE:KBR opened at $61.77 on Wednesday. The business’s 50 day simple moving average is $66.21 and its two-hundred day simple moving average is $65.56. The firm has a market cap of $8.23 billion, a P/E ratio of 25.95, a PEG ratio of 1.16 and a beta of 0.89. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. KBR has a 52-week low of $50.45 and a 52-week high of $72.60.

KBR (NYSE:KBR) last announced its quarterly earnings results 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 analyst estimates of $1.95 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 earnings per share. As a group, research analysts forecast that KBR will post 3.27 EPS for the current fiscal year.

KBR Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Friday, December 13th. KBR’s payout ratio is 25.21%.

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.