KBR Stock Rating Reaffirmed by Macquarie (KBR)
KBR (NYSE:KBR)‘s stock had its “outperform” rating reiterated by Macquarie in a research note issued on Friday. They currently have a $28.00 target price on the stock, down from their previous target price of $33.00. Macquarie’s target price would suggest a potential upside of 14.47% from the stock’s previous close.
Shares of KBR (NYSE:KBR) traded down 1.26% during mid-day trading on Friday, hitting $24.1525. 1,956,895 shares of the company’s stock traded hands. KBR has a 1-year low of $22.48 and a 1-year high of $36.70. The stock’s 50-day moving average is $24.57 and its 200-day moving average is $28.34. The company has a market cap of $3.578 billion and a P/E ratio of 48.92.
KBR (NYSE:KBR) last announced its earnings results on Thursday, June 19th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by $0.67. The company had revenue of $1.63 million for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the previous year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was down 10.7% on a year-over-year basis. On average, analysts predict that KBR will post $1.81 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Wednesday, June 11th.
KBR has been the subject of a number of other recent research reports. Analysts at DA Davidson reiterated a “buy” rating on shares of KBR in a research note on Friday. They now have a $30.00 price target on the stock, down previously from $38.00. Separately, analysts at Barclays cut their price target on shares of KBR from $35.00 to $31.00 in a research note on Friday. They now have an “overweight” rating on the stock. Finally, analysts at Credit Suisse cut their price target on shares of KBR from $34.00 to $30.00 in a research note on Friday. They now have an “outperform” rating on the stock. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $32.21.
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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