KBR Price Target Lowered to $22.00 at Cowen and Company (KBR)
Research analysts at Cowen and Company cut their price objective on shares of KBR (NYSE:KBR) from $27.00 to $22.00 in a report released on Monday. Cowen and Company’s price objective indicates a potential upside of 5.47% from the company’s current price.
KBR has been the subject of a number of other recent research reports. 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. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. KBR presently has an average rating of “Buy” and a consensus price target of $31.00.
Shares of KBR (NYSE:KBR) opened at 20.86 on Monday. KBR has a 52 week low of $20.42 and a 52 week high of $36.70. The stock has a 50-day moving average of $22.41 and a 200-day moving average of $25.79. The company’s market cap is $3.029 billion.
KBR (NYSE:KBR) last posted its quarterly earnings results on Thursday, July 31st. The company reported ($0.06) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.26 by $0.32. On average, analysts predict that KBR will post $0.19 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.53%. The ex-dividend date 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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