KBR (NYSE:KBR) Price Target Increased to $78.00 by Analysts at UBS Group

KBR (NYSE:KBR) had its price target hoisted by research analysts at UBS Group from $77.00 to $78.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. UBS Group’s price target suggests a potential upside of 14.76% from the stock’s current price.

A number of other research analysts also recently issued reports on KBR. KeyCorp lifted their price target on KBR from $73.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. DA Davidson lifted their price objective on shares of KBR from $78.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. TD Cowen cut shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 target price for the company. in a research report on Friday, September 6th. StockNews.com lowered shares of KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. Finally, Citigroup raised their price objective on KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, KBR has an average rating of “Moderate Buy” and a consensus target price of $78.88.

KBR Price Performance

Shares of NYSE:KBR traded up $0.71 on Wednesday, reaching $67.97. The company’s stock had a trading volume of 28,264 shares, compared to its average volume of 1,105,262. The company has a market cap of $9.13 billion, a P/E ratio of -35.52, a PEG ratio of 1.45 and a beta of 0.90. KBR has a 52-week low of $49.37 and a 52-week high of $71.38. The company has a 50-day simple moving average of $66.25 and a 200 day simple moving average of $65.44. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.10 and a current ratio of 1.10.

KBR (NYSE:KBR) last released its earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share for the quarter, hitting the consensus estimate of $0.84. KBR had a return on equity of 27.92% and a net margin of 2.77%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the company earned $0.75 earnings per share. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, equities research analysts anticipate that KBR will post 3.25 EPS for the current fiscal year.

Insider Buying and Selling

In other KBR news, insider Jalal Ibrahim sold 35,000 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the completion of the sale, the insider now owns 106,550 shares of the company’s stock, valued at $7,091,968. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.08% of the company’s stock.

Institutional Investors Weigh In On KBR

Several large investors have recently modified their holdings of the company. Larson Financial Group LLC lifted its position in KBR by 2,029.2% during the second quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock worth $33,000 after buying an additional 487 shares during the period. CWM LLC grew its stake in KBR by 39.4% during the 2nd quarter. CWM LLC now owns 817 shares of the construction company’s stock worth $52,000 after buying an additional 231 shares during the last quarter. Quarry LP boosted its position in shares of KBR by 454.7% during the second quarter. Quarry LP now owns 821 shares of the construction company’s stock worth $53,000 after buying an additional 673 shares during the period. Eastern Bank acquired a new position in shares of KBR during the third quarter valued at approximately $65,000. Finally, Fifth Third Bancorp boosted its position in shares of KBR by 17.5% during the 2nd quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock valued at $77,000 after purchasing an additional 179 shares in the last quarter. 97.02% of the stock is owned by institutional investors and hedge funds.

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.