KBR Reaches New 1-Year Low at $26.16 (KBR)
KBR (NYSE:KBR)’s share price hit a new 52-week low during mid-day trading on Friday , American Banking News reports. The stock traded as low as $26.16 and last traded at $26.19, with a volume of 1,387,694 shares trading hands. The stock had previously closed at $26.45.
A number of analysts have recently weighed in on KBR shares. Analysts at Credit Agricole reiterated an “outperform” rating on shares of KBR in a research note on Thursday. They now have a $32.00 price target on the stock. Separately, analysts at Goldman Sachs downgraded shares of KBR from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 25th. They now have a $32.00 price target on the stock, down previously from $34.00. Finally, analysts at Cowen and Company initiated coverage on shares of KBR in a research note on Monday, March 17th. They set a “market perform” rating and a $27.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $35.40.
The stock’s 50-day moving average is $28.10 and its 200-day moving average is $31.50. The company has a market cap of $3.870 billion and a P/E ratio of 17.18. KBR also was the target of a significant decrease in short interest in January. As of March 14th, there was short interest totalling 2,405,690 shares, a decrease of 41.6% from the February 28th total of 4,117,165 shares. Based on an average daily volume of 2,941,345 shares, the days-to-cover ratio is currently 0.8 days. Approximately 1.6% of the shares of the company are short sold.
KBR (NYSE:KBR) last released its earnings data on Thursday, February 27th. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.91 by $0.73. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was down 5.6% on a year-over-year basis. On average, analysts predict that KBR will post $1.89 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, April 15th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Wednesday, March 12th.
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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