MKM Partners upgraded shares of KBR Inc. (NYSE:KBR) from a neutral rating to a buy rating in a research report released on Monday. The firm currently has $21.00 target price on the stock, up from their prior target price of $15.00. The analysts noted that the move was a valuation call.
Several other analysts also recently weighed in on KBR. Zacks Investment Research downgraded KBR from a buy rating to a hold rating in a research note on Wednesday, August 3rd. DA Davidson restated a buy rating and set a $20.00 target price on shares of KBR in a research note on Wednesday, October 5th. Deutsche Bank AG upgraded KBR from a hold rating to a buy rating and increased their target price for the company from $14.00 to $16.00 in a research note on Tuesday, October 4th. Vetr upgraded KBR from a sell rating to a hold rating and set a $14.30 target price for the company in a research note on Monday, July 25th. Finally, Janney Montgomery Scott restated a buy rating on shares of KBR in a research note on Tuesday, August 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $17.94.
KBR (NYSE:KBR) opened at 17.13 on Monday. KBR has a 52 week low of $11.61 and a 52 week high of $19.94. The company’s 50-day moving average price is $15.19 and its 200-day moving average price is $14.69. The company has a market capitalization of $2.44 billion, a P/E ratio of 36.29 and a beta of 1.46.
KBR (NYSE:KBR) last released its quarterly earnings results on Tuesday, November 1st. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by $0.09. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.18 billion. KBR had a return on equity of 16.67% and a net margin of 1.64%. The business’s revenue was down 10.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.40 EPS. On average, equities analysts forecast that KBR will post $0.45 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Thursday, December 15th will be issued a $0.08 dividend. The ex-dividend date is Tuesday, December 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.87%. KBR’s payout ratio is presently 68.09%.
Large investors have recently added to or reduced their stakes in the stock. World Asset Management Inc boosted its stake in KBR by 0.6% in the second quarter. World Asset Management Inc now owns 10,187 shares of the company’s stock worth $135,000 after buying an additional 58 shares in the last quarter. Utah Retirement Systems boosted its stake in KBR by 0.8% in the second quarter. Utah Retirement Systems now owns 26,018 shares of the company’s stock worth $344,000 after buying an additional 200 shares in the last quarter. State Treasurer State of Michigan boosted its stake in KBR by 0.4% in the third quarter. State Treasurer State of Michigan now owns 57,342 shares of the company’s stock worth $868,000 after buying an additional 200 shares in the last quarter. Macquarie Group Ltd. boosted its stake in KBR by 0.3% in the second quarter. Macquarie Group Ltd. now owns 233,300 shares of the company’s stock worth $3,089,000 after buying an additional 621 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its stake in KBR by 7.4% in the third quarter. LS Investment Advisors LLC now owns 9,305 shares of the company’s stock worth $141,000 after buying an additional 640 shares in the last quarter. 98.92% of the stock is owned by hedge funds and other institutional investors.
KBR Company Profile