The Goldman Sachs Group Issues Pessimistic Forecast for KBR (NYSE:KBR) Stock Price

KBR (NYSE:KBR) had its target price dropped by equities research analysts at The Goldman Sachs Group from $75.00 to $64.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. The Goldman Sachs Group’s target price points to a potential upside of 33.84% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on KBR. UBS Group boosted their price target on shares of KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. KeyCorp lowered their target price on shares of KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a research report on Tuesday. Citigroup lowered their price target on KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. TD Cowen decreased their price target on shares of KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Finally, DA Davidson reissued a “buy” rating and set a $84.00 price objective on shares of KBR in a report on Tuesday, November 19th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, KBR presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.88.

KBR Stock Performance

Shares of NYSE:KBR traded down $0.42 during mid-day trading on Wednesday, reaching $47.82. 779,224 shares of the company traded hands, compared to its average volume of 1,526,052. The firm has a market cap of $6.37 billion, a PE ratio of 20.10, a PEG ratio of 0.86 and a beta of 0.83. KBR has a 52 week low of $47.16 and a 52 week high of $72.60. The company’s 50 day moving average price is $55.82 and its 200-day moving average price is $61.69. 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 (NYSE:KBR) last released its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.08. KBR had a net margin of 4.35% and a return on equity of 28.87%. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2 billion. On average, equities analysts expect that KBR will post 3.26 EPS for the current fiscal year.

Hedge Funds Weigh In On KBR

Several institutional investors and hedge funds have recently bought and sold shares of the stock. True Wealth Design LLC purchased a new position in shares of KBR in the 3rd quarter valued at $26,000. UMB Bank n.a. boosted its position in shares of KBR by 49.2% in the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock worth $31,000 after buying an additional 175 shares during the period. LRI Investments LLC acquired a new stake in shares of KBR in the fourth quarter valued at about $31,000. First Horizon Advisors Inc. purchased a new position in KBR in the 4th quarter worth approximately $32,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of KBR during the fourth quarter valued at approximately $68,000. Institutional investors and hedge funds own 97.02% of the company’s stock.

About KBR

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.