KBR (NYSE:KBR) Stock Price Expected to Rise, KeyCorp Analyst Says

KBR (NYSE:KBR) had its price objective lifted by equities research analysts at KeyCorp from $75.00 to $78.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the construction company’s stock. KeyCorp’s target price points to a potential upside of 10.91% from the stock’s current price.

A number of other brokerages have also weighed in on KBR. UBS Group boosted their price objective on KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. DA Davidson lifted their target price on KBR from $78.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, October 25th. StockNews.com downgraded KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. TD Cowen downgraded KBR from a “buy” rating to a “hold” rating and set a $72.00 target price on the stock. in a report on Friday, September 6th. Finally, Citigroup lifted their target price on KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, KBR presently has an average rating of “Moderate Buy” and an average target price of $81.14.

KBR Stock Performance

NYSE:KBR traded up $0.33 on Thursday, hitting $70.33. The company’s stock had a trading volume of 546,286 shares, compared to its average volume of 1,107,422. 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 stock has a fifty day moving average of $66.33 and a two-hundred day moving average of $65.66. The firm has a market capitalization of $9.37 billion, a P/E ratio of 29.70, a price-to-earnings-growth ratio of 1.34 and a beta of 0.89. KBR has a one year low of $50.45 and a one year high of $71.72.

KBR (NYSE:KBR) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the business posted $0.75 earnings per share. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. Research analysts predict that KBR will post 3.26 earnings per share for the current year.

Insider Activity at KBR

In related news, insider Jalal Ibrahim sold 35,000 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was 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 directly owns 106,550 shares of the company’s stock, valued at $7,091,968. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.08% of the stock is currently owned by corporate insiders.

Institutional Trading of KBR

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KBR. Fifth Third Bancorp grew its holdings in shares of KBR by 17.5% in the second quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock valued at $77,000 after acquiring an additional 179 shares in the last quarter. CWM LLC raised its position in shares of KBR by 39.4% in the second quarter. CWM LLC now owns 817 shares of the construction company’s stock worth $52,000 after buying an additional 231 shares in the last quarter. Blue Trust Inc. raised its position in shares of KBR by 27.7% in the second quarter. Blue Trust Inc. now owns 1,457 shares of the construction company’s stock worth $93,000 after buying an additional 316 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of KBR by 2.9% in the third quarter. Janney Montgomery Scott LLC now owns 11,764 shares of the construction company’s stock worth $766,000 after buying an additional 335 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in shares of KBR by 2.6% in the second quarter. Sequoia Financial Advisors LLC now owns 16,865 shares of the construction company’s stock worth $1,082,000 after buying an additional 422 shares in the last quarter. 97.02% of the stock is owned by institutional investors.

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.