KBR, Inc. (NYSE:KBR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of KBR, Inc. (NYSE:KBR) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $81.14.

Several research firms have weighed in on KBR. KeyCorp lifted their target price on shares of KBR from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. DA Davidson reiterated a “buy” rating and set a $84.00 target price on shares of KBR in a report on Tuesday, November 19th. TD Cowen lowered KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective on the stock. in a research report on Friday, September 6th. UBS Group upped their target price on shares of KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Citigroup lifted their price objective on KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd.

Hedge Funds Weigh In On KBR

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. True Wealth Design LLC acquired a new position in KBR during the 3rd quarter worth $26,000. Larson Financial Group LLC boosted its position in shares of KBR by 2,029.2% during the 2nd quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $33,000 after acquiring an additional 487 shares in the last quarter. CWM LLC raised its holdings in shares of KBR by 39.4% in the 2nd quarter. CWM LLC now owns 817 shares of the construction company’s stock worth $52,000 after buying an additional 231 shares in the last quarter. Quarry LP lifted its holdings in KBR by 454.7% during the 2nd quarter. Quarry LP now owns 821 shares of the construction company’s stock valued at $53,000 after purchasing an additional 673 shares during the last quarter. Finally, Eastern Bank bought a new stake in KBR during the 3rd quarter worth approximately $65,000. Institutional investors and hedge funds own 97.02% of the company’s stock.

KBR Price Performance

Shares of NYSE:KBR opened at $56.99 on Friday. The firm has a market capitalization of $7.59 billion, a P/E ratio of 23.95, a P/E/G ratio of 1.18 and a beta of 0.84. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. KBR has a 12 month low of $51.60 and a 12 month high of $72.60. The company’s fifty day moving average price is $63.82 and its 200 day moving average price is $64.65.

KBR (NYSE:KBR) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, hitting the consensus estimate of $0.84. KBR had a return on equity of 28.87% and a net margin of 4.35%. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the prior year, the business earned $0.75 earnings per share. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. As a group, sell-side analysts predict that KBR will post 3.27 earnings per share for the current fiscal year.

KBR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.05%. The ex-dividend date is Friday, December 13th. KBR’s payout ratio is 25.21%.

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.