UBS Group Increases KBR (NYSE:KBR) Price Target to $78.00

KBR (NYSE:KBR) had its price target increased by UBS Group from $77.00 to $78.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. UBS Group’s target price suggests a potential upside of 16.40% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. DA Davidson boosted their price objective on shares of KBR from $78.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, October 25th. StockNews.com downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. TD Cowen cut KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective for the company. in a report on Friday, September 6th. Citigroup increased their target price on KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, KeyCorp boosted their target price on shares of KBR from $73.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.88.

KBR Stock Down 1.9 %

Shares of NYSE KBR opened at $67.01 on Wednesday. The stock has a market capitalization of $8.93 billion, a price-to-earnings ratio of 28.16, a P/E/G ratio of 1.36 and a beta of 0.90. KBR has a 12-month low of $49.37 and a 12-month high of $71.38. 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 firm’s 50-day moving average price is $66.29 and its 200-day moving average price is $65.47.

KBR (NYSE:KBR) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.84. The business had revenue of $1.95 billion during 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 revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the company earned $0.75 EPS. On average, equities research analysts anticipate that KBR will post 3.26 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jalal Ibrahim sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $66.56, for a total value of $2,329,600.00. Following the completion of the sale, the insider now owns 106,550 shares of the company’s stock, valued at approximately $7,091,968. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.08% of the stock is owned by company insiders.

Institutional Investors Weigh In On KBR

Institutional investors have recently added to or reduced their stakes in the stock. Portside Wealth Group LLC bought a new position in KBR in the third quarter worth about $200,000. Kornitzer Capital Management Inc. KS raised its stake in shares of KBR by 15.2% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 158,925 shares of the construction company’s stock worth $10,351,000 after acquiring an additional 20,925 shares in the last quarter. Olympiad Research LP acquired a new stake in KBR in the third quarter valued at approximately $472,000. Rational Advisors LLC grew its holdings in KBR by 128.2% in the third quarter. Rational Advisors LLC now owns 37,200 shares of the construction company’s stock worth $2,423,000 after purchasing an additional 20,900 shares during the last quarter. Finally, Asset Management One Co. Ltd. acquired a new position in shares of KBR during the third quarter worth $1,928,000. 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.