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Research analysts at Alembic Global Advisors initiated coverage on shares of KBR (NYSE:KBR) in a report released on Thursday. The firm set an “overweight” rating and a $32.00 price target on the stock. Alembic Global Advisors’ price target points to a potential upside of 22.09% from the stock’s previous close.

Shares of KBR (NYSE:KBR) traded up 0.11% on Thursday, hitting $26.24. 349,143 shares of the company’s stock traded hands. KBR has a 52-week low of $22.48 and a 52-week high of $36.70. The stock has a 50-day moving average of $24.5 and a 200-day moving average of $28.60. The company has a market cap of $3.888 billion and a price-to-earnings ratio of 52.42.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Friday, June 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 1.22%. The ex-dividend date of this dividend is Wednesday, June 11th.

A number of other firms have also recently commented on KBR. Analysts at Jefferies Group cut their price target on shares of KBR from $34.00 to $33.00 in a research note on Tuesday, June 3rd. They now have a “buy” rating on the stock. Separately, analysts at Credit Agricole reiterated an “outperform” rating on shares of KBR in a research note on Thursday, April 10th. They now have a $32.00 price target on the stock. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $34.07.

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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