Todays Report: The KBR Inc. (KBR) Rating Increased to Accumulate at Johnson Rice

The KBR Inc. (KBR) Rating Increased to Accumulate at Johnson Rice

KBR Inc. (NYSE:KBR) was upgraded by investment analysts at Johnson Rice from a “hold” rating to an “accumulate” rating in a research note issued on Wednesday. The firm currently has a $18.00 price objective on the stock. Johnson Rice’s target price would suggest a potential upside of 11.52% from the stock’s previous close.

Several other equities analysts have also recently commented on KBR. MKM Partners initiated coverage on shares of KBR in a report on Wednesday, June 29th. They set a “neutral” rating and a $13.00 price target on the stock. Zacks Investment Research cut shares of KBR from a “hold” rating to a “sell” rating in a report on Monday, July 4th. Vetr upgraded shares of KBR from a “sell” rating to a “hold” rating and set a $14.30 price target on the stock in a report on Monday, July 25th. DA Davidson set a $20.00 price target on shares of KBR and gave the company a “buy” rating in a report on Monday, August 15th. Finally, Janney Montgomery Scott restated a “buy” rating on shares of KBR in a report on Tuesday, August 16th. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. KBR has a consensus rating of “Hold” and an average target price of $17.33.

Shares of KBR (NYSE:KBR) traded down 0.25% during mid-day trading on Wednesday, hitting $16.14. The stock had a trading volume of 3,884,163 shares. The stock has a market cap of $2.30 billion, a P/E ratio of 12.51 and a beta of 1.54. The stock has a 50-day moving average price of $14.79 and a 200 day moving average price of $14.62. KBR has a 52 week low of $11.61 and a 52 week high of $19.94.

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

The company also recently announced 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. This represents a $0.32 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Tuesday, September 13th. KBR’s dividend payout ratio is 24.81%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HBK Investments L P raised its position in KBR by 82.2% in the first quarter. HBK Investments L P now owns 543,100 shares of the company’s stock worth $8,407,000 after buying an additional 244,979 shares in the last quarter. Geode Capital Management LLC raised its position in 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 in the last quarter. Quadrature Capital Ltd purchased a new position in KBR during the first quarter worth $317,000. State Street Corp raised its position in 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 in the last quarter. Finally, M&T Bank Corp purchased a new position in KBR during the first quarter worth $187,000. 97.24% of the stock is owned by hedge funds and other institutional investors.

KBR Company Profile

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