KBR (NYSE:KBR) Price Target Lowered to $67.00 at KeyCorp

KBR (NYSE:KBR) had its price objective dropped by equities researchers at KeyCorp from $70.00 to $67.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the construction company’s stock. KeyCorp’s price objective suggests a potential upside of 30.75% from the stock’s current price.

A number of other equities research analysts also recently commented on KBR. TD Cowen lowered their price objective on KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Citigroup decreased their target price on KBR from $82.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. DA Davidson reissued a “buy” rating and issued a $84.00 price objective on shares of KBR in a research report on Tuesday, November 19th. Finally, UBS Group increased their price objective 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. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $77.57.

KBR Trading Up 4.3 %

NYSE:KBR opened at $51.24 on Tuesday. The company has a market capitalization of $6.83 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 0.86 and a beta of 0.83. KBR has a 52-week low of $47.55 and a 52-week high of $72.60. The stock has a fifty day simple moving average of $55.99 and a 200-day simple moving average of $61.81. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69.

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

Institutional Investors Weigh In On KBR

A number of institutional investors and hedge funds have recently modified their holdings of the stock. UMB Bank n.a. lifted its position in shares of KBR by 49.2% during the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock worth $31,000 after purchasing an additional 175 shares during the last quarter. Utah Retirement Systems raised its position in shares of KBR by 2.9% during the fourth quarter. Utah Retirement Systems now owns 7,200 shares of the construction company’s stock valued at $417,000 after buying an additional 200 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of KBR by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 4,122 shares of the construction company’s stock worth $239,000 after purchasing an additional 203 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in KBR by 1.5% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 19,700 shares of the construction company’s stock valued at $1,283,000 after buying an additional 300 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in KBR by 2.9% in the third quarter. Janney Montgomery Scott LLC now owns 11,764 shares of the construction company’s stock valued at $766,000 after acquiring an additional 335 shares during the period. 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.