KBR Hits New 12-Month Low at $20.42 (KBR)
KBR (NYSE:KBR) shares reached a new 52-week low during trading on Friday , AnalystRatings.Net reports. The company traded as low as $20.42 and last traded at $20.57, with a volume of 504,783 shares changing hands. The stock had previously closed at $20.55.
Several analysts have recently commented on the stock. Analysts at Barclays cut their price target on shares of KBR from $31.00 to $28.00 in a research note on Friday, August 1st. They now have an “overweight” rating on the stock. Separately, analysts at Johnson Rice reiterated an “equal weight” rating on shares of KBR in a research note on Friday, June 20th. They now have a $28.00 price target on the stock, down previously from $32.00. Finally, analysts at Macquarie reiterated an “outperform” rating on shares of KBR in a research note on Friday, June 20th. They now have a $28.00 price target on the stock, down previously from $33.00. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. KBR currently has a consensus rating of “Buy” and a consensus price target of $31.36.
The stock’s 50-day moving average is $22.83 and its 200-day moving average is $26.20. The company’s market cap is $3.038 billion.
KBR (NYSE:KBR) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by $0.32. On average, analysts predict that KBR will post $0.21 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders of record on Monday, September 15th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Thursday, September 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.
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