Citigroup Inc. Boosts KBR, Inc. (KBR) Price Target to $20.00
KBR, Inc. (NYSE:KBR) had its price objective boosted by equities researchers at Citigroup Inc. from $17.00 to $20.00 in a research note issued to investors on Friday. The firm presently has a “neutral” rating on the construction company’s stock. Citigroup Inc.’s price objective points to a potential upside of 8.28% from the company’s current price.
A number of other research firms have also issued reports on KBR. Zacks Investment Research raised KBR from a “hold” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a research note on Wednesday. Deutsche Bank AG boosted their price objective on KBR from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday. BidaskClub upgraded KBR from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. KeyCorp restated a “buy” rating and issued a $20.00 target price on shares of KBR in a report on Friday, October 6th. Finally, TheStreet upgraded KBR from a “d+” rating to a “c-” rating in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. KBR presently has an average rating of “Buy” and an average price target of $20.43.
KBR (NYSE KBR) traded up 0.49% on Friday, hitting $18.47. The stock had a trading volume of 1,966,058 shares. The stock’s 50 day moving average is $18.01 and its 200 day moving average is $15.92. KBR has a one year low of $13.17 and a one year high of $19.39. The stock’s market cap is $2.58 billion.
KBR (NYSE:KBR) last released its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. KBR had a positive return on equity of 8.74% and a negative net margin of 0.81%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business posted $0.35 EPS. Analysts anticipate that KBR will post $1.44 earnings per share for the current year.
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A number of hedge funds have recently modified their holdings of the business. E&G Advisors LP raised its position in shares of KBR by 48.0% in the third quarter. E&G Advisors LP now owns 18,500 shares of the construction company’s stock valued at $331,000 after buying an additional 6,000 shares in the last quarter. Parametrica Management Ltd bought a new position in KBR in the third quarter valued at approximately $681,000. Crossmark Global Holdings Inc. bought a new position in KBR in the third quarter valued at approximately $310,000. Peregrine Capital Management LLC increased its stake in KBR by 2.1% in the third quarter. Peregrine Capital Management LLC now owns 452,945 shares of the construction company’s stock valued at $8,099,000 after acquiring an additional 9,174 shares during the last quarter. Finally, Heartland Advisors Inc. increased its stake in KBR by 22.4% in the third quarter. Heartland Advisors Inc. now owns 546,603 shares of the construction company’s stock valued at $9,773,000 after acquiring an additional 100,000 shares during the last quarter. Hedge funds and other institutional investors own 99.74% of the company’s stock.
KBR, Inc is a provider of professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. The Company operates through business segments, including Technology & Consulting (T&C), Engineering & Construction (E&C), Government Services (GS), Non-strategic Business and Other.
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