KBR, Inc. (NYSE:KBR) Receives $78.00 Average Price Target from Brokerages

Shares of KBR, Inc. (NYSE:KBR) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $78.00.

Several equities research analysts have commented on the company. KeyCorp dropped their target price on KBR from $78.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. DA Davidson reiterated a “buy” rating and issued a $84.00 price target on shares of KBR in a research note on Tuesday, November 19th. Citigroup reduced their price objective on shares of KBR from $82.00 to $76.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. UBS Group upped their target price on shares of KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, TD Cowen lowered their price objective on KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in KBR. True Wealth Design LLC purchased a new stake in KBR in the 3rd quarter worth about $26,000. UMB Bank n.a. raised its holdings in shares of KBR by 49.2% in the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock worth $31,000 after buying an additional 175 shares during the period. First Horizon Advisors Inc. bought a new stake in shares of KBR during the 4th quarter worth approximately $32,000. Eastern Bank purchased a new position in KBR during the 3rd quarter valued at $65,000. Finally, Wilmington Savings Fund Society FSB bought a new position in KBR in the 4th quarter valued at $68,000. Institutional investors own 97.02% of the company’s stock.

KBR Price Performance

Shares of NYSE KBR opened at $53.71 on Monday. The company has a 50 day simple moving average of $57.91 and a two-hundred day simple moving average of $63.03. KBR has a fifty-two week low of $52.57 and a fifty-two week high of $72.60. The company has a market capitalization of $7.16 billion, a price-to-earnings ratio of 22.57, a P/E/G ratio of 0.92 and a beta of 0.83. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07.

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.