KBR’s Equal Weight Rating Reaffirmed at Johnson Rice (KBR)
KBR (NYSE:KBR)‘s stock had its “equal weight” rating reiterated by equities researchers at Johnson Rice in a research report issued on Friday. They currently have a $28.00 price target on the stock, down from their previous price target of $32.00. Johnson Rice’s price objective indicates a potential upside of 15.70% from the stock’s previous close.
A number of other analysts have also recently weighed in on KBR. Analysts at Macquarie reiterated an “outperform” rating on shares of KBR in a research note on Friday. They now have a $28.00 price target on the stock, down previously from $33.00. Separately, 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. Finally, 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. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. KBR currently has an average rating of “Buy” and a consensus target price of $31.93.
KBR (NYSE:KBR) traded down 1.06% during mid-day trading on Friday, hitting $24.20. The stock had a trading volume of 3,314,445 shares. KBR has a 1-year low of $22.48 and a 1-year high of $36.70. The stock has a 50-day moving average of $24.5 and a 200-day moving average of $28.27. The company has a market cap of $3.585 billion and a price-to-earnings ratio of 48.92.
KBR (NYSE:KBR) last issued its quarterly earnings data on Thursday, June 19th. The company reported ($0.29) EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.59 earnings per share. The company’s quarterly revenue was down 10.7% on a year-over-year basis. Analysts expect that KBR will post $1.28 EPS for the current fiscal year.
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 1.32%. The ex-dividend date of this dividend is Wednesday, June 11th.
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.