KBR Rating Reiterated by DA Davidson (KBR)
KBR (NYSE:KBR)‘s stock had its “buy” rating restated by research analysts at DA Davidson in a report released on Thursday, Analyst Ratings News reports. They currently have a $40.00 price objective on the stock. DA Davidson’s price objective suggests a potential upside of 25.43% from the company’s current price.
The analysts wrote, “KBR is a leader in engineering and construction capabilities including established market positions in gas processing, upstream and downstream hydrocarbon production, downstream refining/chemicals production as well as industrial facilities, infrastructure and government support services,” the report said. “KBR’s experience and expertise appear to position the company to capitalize on particular waves of capital spending on North American LNG projects, Canadian oil sands development, and downstream chemical projects.”
A number of other analysts have also recently weighed in on KBR. Analysts at Stephens initiated coverage on shares of KBR in a research note to investors on Thursday, December 19th. They set an “equal weight” rating on the stock. Separately, analysts at TheStreet upgraded shares of KBR to a “buy” rating in a research note to investors on Tuesday, October 29th. Finally, analysts at Jefferies Group cut their price target on shares of KBR from $45.00 to $43.00 in a research note to investors on Monday, October 28th. They now have a “buy” rating on the stock. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $39.90.
KBR (NYSE:KBR) traded down 1.32% during mid-day trading on Thursday, hitting $31.47. 335,076 shares of the company’s stock traded hands. KBR has a 1-year low of $27.60 and a 1-year high of $36.70. The stock’s 50-day moving average is $32.35 and its 200-day moving average is $32.49. The company has a market cap of $4.662 billion and a price-to-earnings ratio of 20.46.
KBR (NYSE:KBR) last announced its earnings results on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by $0.55. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. Analysts expect that KBR will post $2.54 EPS for the current fiscal year.
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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