Deutsche Bank AG upgraded shares of KBR Inc. (NYSE:KBR) from a hold rating to a buy rating in a research report sent to investors on Tuesday. They currently have $16.00 price target on the stock, up from their previous price target of $14.00.
Other research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of KBR from a hold rating to a buy rating and set a $17.00 price target on the stock in a research report on Monday. Credit Suisse Group AG reiterated a buy rating and set a $18.00 price target on shares of KBR in a research report on Monday. Janney Montgomery Scott reiterated a buy rating on shares of KBR in a research report on Tuesday, August 16th. DA Davidson set a $20.00 price target on shares of KBR and gave the company a buy rating in a research report on Monday, August 15th. Finally, 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 research report on Monday, July 25th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $17.23.
KBR (NYSE:KBR) traded up 3.40% on Tuesday, hitting $14.58. 276,503 shares of the company were exchanged. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 11.30 and a beta of 1.54. KBR has a 52 week low of $11.61 and a 52 week high of $19.94. The stock has a 50 day moving average of $14.75 and a 200 day moving average of $14.60.
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 Thomson Reuters’ consensus estimate of $0.32. The company 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%. KBR’s revenue for the quarter was down 26.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.46 earnings per share. Analysts predict that KBR will post $1.35 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 15th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Tuesday, September 13th. KBR’s payout ratio is 24.81%.
Institutional investors have recently made changes to their positions in the stock. Macquarie Group Ltd. raised its position in shares of KBR by 0.3% in the second quarter. Macquarie Group Ltd. now owns 233,300 shares of the company’s stock valued at $3,089,000 after buying an additional 621 shares in the last quarter. Mason Street Advisors LLC purchased a new position in shares of KBR during the second quarter valued at approximately $860,000. Royal Bank of Canada raised its position in shares of KBR by 1.8% in the second quarter. Royal Bank of Canada now owns 458,933 shares of the company’s stock valued at $6,076,000 after buying an additional 8,167 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of KBR by 176.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,262,162 shares of the company’s stock valued at $16,712,000 after buying an additional 806,371 shares in the last quarter. Finally, Amalgamated Bank raised its position in shares of KBR by 11.1% in the second quarter. Amalgamated Bank now owns 19,376 shares of the company’s stock valued at $305,000 after buying an additional 1,939 shares in the last quarter. 97.24% of the stock is owned by institutional investors and hedge funds.
KBR Company Profile
KBR, Inc (KBR) is an engineering, procurement, construction and services company. The Company supports global hydrocarbons and international Government services market sectors. It operates through three business segments: Technology & Consulting (T&C), Engineering & Construction (E&C), and Government Services (GS).
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