KBR Receives Consensus Rating of “Buy” from Brokerages (NYSE:KBR)
Shares of KBR (NYSE:KBR) have earned an average rating of “Buy” from the seventeen analysts that are covering the stock, AR Network reports. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $31.00.
Shares of KBR (NYSE:KBR) opened at 22.50 on Wednesday. KBR has a one year low of $20.42 and a one year high of $36.70. The stock has a 50-day moving average of $22.04 and a 200-day moving average of $25.25. The company’s market cap is $3.268 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 $0.20 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on KBR shares. Analysts at Cowen and Company cut their price target on shares of KBR from $27.00 to $22.00 in a research note on Monday, August 18th. Separately, 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. Finally, 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.
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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