KBR Coverage Initiated by Analysts at Jefferies Group (KBR)
Analysts at Jefferies Group began coverage on shares of KBR (NYSE:KBR) in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Shares of KBR (NYSE:KBR) opened at 31.95 on Wednesday. KBR has a 1-year low of $25.95 and a 1-year high of $36.69. The stock’s 50-day moving average is $31.71 and its 200-day moving average is $31.85. The company has a market cap of $4.728 billion and a P/E ratio of 37.37.
KBR (NYSE:KBR) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.04. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the previous year, the company posted $0.70 earnings per share. The company’s revenue for the quarter was down 3.2% on a year-over-year basis.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, January 15th. Shareholders of record on Friday, December 13th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Wednesday, December 11th.
KBR has been the subject of a number of other recent research reports. Analysts at Lazard Capital Markets cut their price target on shares of KBR from $45.00 to $36.00 in a research note to investors on Monday, September 9th. They now have a “buy” rating on the stock. Separately, analysts at Johnson Rice upgraded shares of KBR from an “equal weight” rating to an “overweight” rating in a research note to investors on Thursday, August 29th. Finally, analysts at William Blair downgraded shares of KBR from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, July 29th. They now have a $37.00 price target on the stock. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. KBR currently has an average rating of “Buy” and an average price target of $39.50.
KBR, Inc (NYSE:KBR) is a global engineering, construction and services company supporting the energy, hydrocarbons, Government services, minerals, civil infrastructure, power, industrial and commercial markets.
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