KBR Upgraded by Barclays to “Overweight” (KBR)
KBR (NYSE:KBR) was upgraded by equities researchers at Barclays to an “overweight” rating in a research report issued on Wednesday, Analyst RN reports.
KBR has been the subject of a number of other recent research reports. Analysts at Deutsche Bank cut their price target on shares of KBR from $41.00 to $38.00 in a research note to investors on Friday, January 17th. Separately, analysts at Jefferies Group cut their price target on shares of KBR to $38.00 in a research note to investors on Tuesday, January 14th. They now have a “buy” rating on the stock. Finally, 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. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $38.88.
KBR (NYSE:KBR) last issued its quarterly earnings data 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 last year, the company posted $0.65 earnings per share. KBR’s revenue was down 9.1% compared to the same quarter last 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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