The KBR Inc. (KBR) Lifted to Buy at Deutsche Bank AG

The KBR Inc. (KBR) Lifted to Buy at Deutsche Bank AG

Deutsche Bank AG upgraded shares of KBR Inc. (NYSE:KBR) from a hold rating to a buy rating in a research note published on Tuesday. Deutsche Bank AG currently has $16.00 price objective on the stock, up from their previous price objective of $14.00.

A number of other analysts have also recently weighed in on the stock. Credit Suisse Group AG reaffirmed a buy rating and set a $18.00 target price on shares of KBR in a research note on Monday, October 3rd. MKM Partners set a $16.00 target price on shares of KBR and gave the stock a hold rating in a research note on Tuesday, September 13th. Zacks Investment Research raised shares of KBR from a hold rating to a buy rating and set a $16.00 target price on the stock in a research note on Monday, July 18th. Janney Montgomery Scott reaffirmed a buy rating on shares of KBR in a research note on Tuesday, August 16th. Finally, Vetr raised shares of KBR from a sell rating to a hold rating and set a $14.30 target price on the stock in a research note on Monday, July 25th. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $17.33.

Shares of KBR (NYSE:KBR) opened at 16.14 on Tuesday. The firm has a market cap of $2.30 billion, a P/E ratio of 12.51 and a beta of 1.54. 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 $14.79 and its 200 day moving average price is $14.62.

KBR (NYSE:KBR) last posted its earnings results on Friday, July 29th. The company reported $0.32 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.32. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.05 billion. KBR had a net margin of 4.34% and a return on equity of 18.60%. The company’s revenue was down 26.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 earnings per share. On average, equities analysts anticipate that KBR will post $0.66 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 15th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.32 dividend on an annualized basis and a yield of 1.98%. KBR’s dividend payout ratio (DPR) is currently 24.81%.

A number of hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC boosted its stake in shares of KBR by 3.8% in the first quarter. Geode Capital Management LLC now owns 890,036 shares of the company’s stock worth $13,777,000 after buying an additional 32,750 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of KBR during the first quarter worth approximately $317,000. State Street Corp boosted its stake in shares of KBR by 7.5% in the first quarter. State Street Corp now owns 4,150,213 shares of the company’s stock worth $64,246,000 after buying an additional 288,260 shares during the period. M&T Bank Corp purchased a new stake in shares of KBR during the first quarter worth approximately $187,000. Finally, Menta Capital LLC purchased a new stake in shares of KBR during the first quarter worth approximately $311,000. 97.24% of the stock is currently owned by institutional investors and hedge funds.

KBR Company Profile

Related posts

Leave a Comment