Citigroup Issues Pessimistic Forecast for KBR (NYSE:KBR) Stock Price

KBR (NYSE:KBR) had its price objective cut by research analysts at Citigroup from $82.00 to $76.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Citigroup’s target price points to a potential upside of 36.28% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on the stock. UBS Group boosted their price target 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. DA Davidson restated a “buy” rating and set a $84.00 target price on shares of KBR in a research report on Tuesday, November 19th. KeyCorp reduced their price target on shares of KBR from $78.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. StockNews.com lowered shares of KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. Finally, TD Cowen reduced their target price on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

KBR Stock Performance

Shares of KBR stock opened at $55.77 on Wednesday. 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 has a 52 week low of $51.95 and a 52 week high of $72.60. The firm’s 50 day moving average is $58.53 and its two-hundred day moving average is $63.43. The firm has a market capitalization of $7.43 billion, a P/E ratio of 23.43, a P/E/G ratio of 1.01 and a beta of 0.85.

Institutional Investors Weigh In On KBR

Several hedge funds have recently modified their holdings of the stock. State Street Corp boosted its holdings in shares of KBR by 0.7% in the 3rd quarter. State Street Corp now owns 4,016,324 shares of the construction company’s stock valued at $262,185,000 after purchasing an additional 29,833 shares during the last quarter. Franklin Resources Inc. raised its position in shares of KBR by 14.5% in the 3rd quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock worth $167,876,000 after buying an additional 305,889 shares during the period. Jennison Associates LLC boosted its holdings in KBR by 27.8% in the third quarter. Jennison Associates LLC now owns 1,621,740 shares of the construction company’s stock valued at $105,624,000 after acquiring an additional 353,209 shares during the last quarter. Loomis Sayles & Co. L P grew its position in KBR by 5.3% during the third quarter. Loomis Sayles & Co. L P now owns 1,256,562 shares of the construction company’s stock valued at $81,840,000 after acquiring an additional 62,880 shares during the period. Finally, Van ECK Associates Corp increased its stake in KBR by 33.0% during the fourth quarter. Van ECK Associates Corp now owns 882,086 shares of the construction company’s stock worth $51,099,000 after acquiring an additional 218,853 shares during the last quarter. 97.02% of the stock is owned by institutional investors and hedge funds.

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.