KBR Inc. (KBR) Rating Increased to Accumulate at Johnson Rice
KBR Inc. (NYSE:KBR) was upgraded by investment analysts at Johnson Rice from a “hold” rating to an “accumulate” rating in a research note issued on Wednesday. The firm currently has a $18.00 price objective on the stock. Johnson Rice’s target price would suggest a potential upside of 11.52% from the stock’s previous close.
Several other equities analysts have also recently commented on KBR. MKM Partners initiated coverage on shares of KBR in a report on Wednesday, June 29th. They set a “neutral” rating and a $13.00 price target on the stock. Zacks Investment Research cut shares of KBR from a “hold” rating to a “sell” rating in a report on Monday, July 4th. Vetr upgraded shares of KBR from a “sell” rating to a “hold” rating and set a $14.30 price target on the stock in a report on Monday, July 25th. DA Davidson set a $20.00 price target on shares of KBR and gave the company a “buy” rating in a report on Monday, August 15th. Finally, Janney Montgomery Scott restated a “buy” rating on shares of KBR in a report on Tuesday, August 16th. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. KBR has a consensus rating of “Hold” and an average target price of $17.33.
Shares of KBR (NYSE:KBR) traded down 0.25% during mid-day trading on Wednesday, hitting $16.14. The stock had a trading volume of 3,884,163 shares. The stock has a market cap of $2.30 billion, a P/E ratio of 12.51 and a beta of 1.54. The stock has a 50-day moving average price of $14.79 and a 200 day moving average price of $14.62. KBR has a 52 week low of $11.61 and a 52 week high of $19.94.
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KBR (NYSE:KBR) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. KBR had a net margin of 4.34% and a return on equity of 18.60%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the company posted $0.46 EPS. The company’s quarterly revenue was down 26.9% compared to the same quarter last year. On average, equities analysts forecast that KBR will post $0.66 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, 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 1.98%. The ex-dividend date of this dividend is Tuesday, September 13th. KBR’s dividend payout ratio is 24.81%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HBK Investments L P raised its position in KBR by 82.2% in the first quarter. HBK Investments L P now owns 543,100 shares of the company’s stock worth $8,407,000 after buying an additional 244,979 shares in the last quarter. Geode Capital Management LLC raised its position in KBR by 3.8% in the first quarter. Geode Capital Management LLC now owns 890,036 shares of the company’s stock worth $13,777,000 after buying an additional 32,750 shares in the last quarter. Quadrature Capital Ltd purchased a new position in KBR during the first quarter worth $317,000. State Street Corp raised its position in KBR by 7.5% in the first quarter. State Street Corp now owns 4,150,213 shares of the company’s stock worth $64,246,000 after buying an additional 288,260 shares in the last quarter. Finally, M&T Bank Corp purchased a new position in KBR during the first quarter worth $187,000. 97.24% of the stock is owned by hedge funds and other institutional investors.
KBR Company Profile
KBR, Inc (KBR) is an engineering, procurement, construction and services company. The Company supports global hydrocarbons and international Government services market sectors. It operates through three business segments: Technology & Consulting (T&C), Engineering & Construction (E&C), and Government Services (GS).
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