KBR, Inc. (KBR) Given Average Rating of “Buy” by Analysts
KBR, Inc. (NYSE:KBR) has been given an average rating of “Buy” by the eleven brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $20.83.
A number of equities research analysts have commented on KBR shares. Citigroup raised their price objective on KBR from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Credit Suisse Group raised their price objective on KBR from $19.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. ValuEngine upgraded KBR from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. Zacks Investment Research lowered KBR from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Finally, TheStreet upgraded KBR from a “c” rating to a “b-” rating in a research report on Tuesday, October 31st.
KBR (KBR) opened at $20.59 on Monday. The firm has a market capitalization of $2,880.00, a PE ratio of 40.37, a P/E/G ratio of 1.76 and a beta of 1.05. KBR has a 12 month low of $13.36 and a 12 month high of $21.25. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.30 and a quick ratio of 1.30.
Several institutional investors have recently made changes to their positions in the company. Sit Investment Associates Inc. acquired a new stake in shares of KBR during the 4th quarter valued at about $230,000. GSA Capital Partners LLP lifted its holdings in shares of KBR by 276.2% during the 3rd quarter. GSA Capital Partners LLP now owns 40,014 shares of the construction company’s stock valued at $715,000 after buying an additional 29,379 shares during the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of KBR by 9.4% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,170,233 shares of the construction company’s stock valued at $38,804,000 after buying an additional 187,241 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of KBR by 5.2% during the 3rd quarter. California Public Employees Retirement System now owns 453,670 shares of the construction company’s stock valued at $8,112,000 after buying an additional 22,434 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of KBR during the 3rd quarter valued at about $699,000. Institutional investors and hedge funds own 99.74% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This report was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was illegally copied and reposted in violation of United States & international copyright and trademark law. The legal version of this report can be read at https://www.americanbankingnews.com/2018/01/15/kbr-inc-kbr-given-average-rating-of-buy-by-analysts-2.html.
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.
Receive News & Ratings for KBR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KBR and related companies with MarketBeat.com's FREE daily email newsletter.