KBR, Inc. (KBR) Price Target Increased to $22.00 by Analysts at Credit Suisse Group AG
KBR, Inc. (NYSE:KBR) had its price target boosted by Credit Suisse Group AG from $19.00 to $22.00 in a note issued to investors on Thursday. The firm currently has an “outperform” rating on the construction company’s stock. Credit Suisse Group AG’s price target indicates a potential upside of 12.07% from the company’s current price.
KBR has been the subject of several other research reports. Zacks Investment Research upgraded KBR from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective for the company in a research note on Wednesday, October 25th. Deutsche Bank AG lifted their price objective on KBR from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, October 24th. BidaskClub cut KBR from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. KeyCorp restated a “buy” rating and set a $20.00 target price on shares of KBR in a research note on Friday, October 6th. Finally, TheStreet upgraded KBR from a “c” rating to a “b-” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. KBR presently has an average rating of “Buy” and an average price target of $20.88.
KBR (NYSE:KBR) last announced its quarterly earnings data on Tuesday, October 31st. The construction company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.05 billion. KBR had a return on equity of 10.22% and a net margin of 1.63%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.44) EPS.
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A number of hedge funds and other institutional investors have recently modified their holdings of the business. Boston Partners lifted its stake in KBR by 4.8% in the third quarter. Boston Partners now owns 690,560 shares of the construction company’s stock valued at $12,347,000 after buying an additional 31,480 shares during the last quarter. American Century Companies Inc. purchased a new stake in KBR in the third quarter valued at approximately $7,472,000. Stevens Capital Management LP purchased a new stake in KBR in the third quarter valued at approximately $1,904,000. Frontier Capital Management Co. LLC lifted its stake in KBR by 85.6% in the third quarter. Frontier Capital Management Co. LLC now owns 808,136 shares of the construction company’s stock valued at $14,449,000 after buying an additional 372,656 shares during the last quarter. Finally, NJ State Employees Deferred Compensation Plan lifted its stake in KBR by 33.3% in the third quarter. NJ State Employees Deferred Compensation Plan now owns 40,000 shares of the construction company’s stock valued at $715,000 after buying an additional 10,000 shares during the last quarter. Institutional investors own 99.74% of the company’s stock.
KBR Company Profile
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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