Jefferies Group Lowers KBR Price Target to $38.00 (KBR)
Equities researchers at Jefferies Group dropped their target price on shares of KBR (NYSE:KBR) to $38.00 in a research report issued on Tuesday, American Banking News reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective would indicate a potential upside of 19.53% from the company’s current price.
KBR (NYSE:KBR) traded down 0.41% during mid-day trading on Tuesday, hitting $31.79. 6,514,054 shares of the company’s stock traded hands. KBR has a 52 week low of $27.60 and a 52 week high of $36.70. The stock’s 50-day moving average is $31.67 and its 200-day moving average is $32.4. The company has a market cap of $4.709 billion and a price-to-earnings ratio of 20.47.
KBR (NYSE:KBR) last announced its earnings results on Friday, October 25th. The company reported $0.16 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.65 earnings per share. KBR’s revenue was down 9.1% compared to the same quarter last year. Analysts expect that KBR will post $2.53 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on KBR. Analysts at DA Davidson reiterated a “buy” rating on shares of KBR in a research note to investors on Thursday, January 2nd. They now have a $40.00 price target on the stock. Separately, 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. Finally, analysts at TheStreet upgraded shares of KBR to a “buy” rating in a research note to investors on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $39.40.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.