KBR (KBR) Upgraded to “Buy” at Zacks Investment Research

KBR (NYSE:KBR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The brokerage currently has a $23.00 price target on the construction company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 11.98% from the stock’s current price.

According to Zacks, “KBR’s diverse business portfolio allows it to combat cyclicality associated with any single market. The company’s Government Services business is experiencing stellar growth and the company remains confident that recent acquisitions will continue to accelerate growth momentum of this business. The company’s consulting business is also experiencing increased activity, indicating lucrative opportunities in future E&C project. Moreover, the company is optimistic about backlog growth in the fourth quarter and early 2018 due to the pipeline of opportunities. KBR’s high backlog level also indicates underlying strength. Over the last six months, KBR’s shares have outperformed the industry’s average gain significantly. However, the long-cycle nature of the contracts, volatility in material & equipment pricing, risk of client loss and stiff competition raise caution.”

A number of other research analysts have also commented on the stock. ValuEngine upgraded shares of KBR from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Credit Suisse Group boosted their price target on shares of KBR from $19.00 to $22.00 and gave the company an “outperform” rating in a research report on Thursday, November 2nd. TheStreet upgraded shares of KBR from a “c” rating to a “b-” rating in a research report on Tuesday, October 31st. DA Davidson lowered shares of KBR from a “buy” rating to a “neutral” rating and set a $22.00 price target for the company. in a research report on Wednesday, November 1st. Finally, Citigroup boosted their price target on shares of KBR from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. KBR presently has a consensus rating of “Buy” and a consensus price target of $21.14.

KBR (NYSE:KBR) traded up $0.33 during trading on Wednesday, reaching $20.54. 1,640,000 shares of the company were exchanged, compared to its average volume of 1,550,000. KBR has a fifty-two week low of $13.36 and a fifty-two week high of $21.25. The stock has a market cap of $2,880.00, a price-to-earnings ratio of 40.27, a price-to-earnings-growth ratio of 1.76 and a beta of 1.05. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.30 and a quick ratio of 1.30.

KBR (NYSE:KBR) last released its quarterly earnings data on Tuesday, October 31st. The construction company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. KBR had a net margin of 1.63% and a return on equity of 10.22%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the business earned ($0.44) EPS. KBR’s revenue was down 3.6% compared to the same quarter last year. equities research analysts anticipate that KBR will post 1.47 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of KBR by 47.9% during the 2nd quarter. FMR LLC now owns 21,472,623 shares of the construction company’s stock worth $326,814,000 after acquiring an additional 6,956,217 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of KBR by 12.6% during the 2nd quarter. BlackRock Inc. now owns 15,451,221 shares of the construction company’s stock worth $235,167,000 after acquiring an additional 1,726,589 shares during the last quarter. State Street Corp lifted its holdings in shares of KBR by 26.4% during the 2nd quarter. State Street Corp now owns 4,850,668 shares of the construction company’s stock worth $73,828,000 after acquiring an additional 1,013,321 shares during the last quarter. Engine Capital Management LLC lifted its holdings in shares of KBR by 195.2% during the 3rd quarter. Engine Capital Management LLC now owns 1,149,672 shares of the construction company’s stock worth $20,556,000 after acquiring an additional 760,184 shares during the last quarter. Finally, American Century Companies Inc. bought a new stake in shares of KBR during the 3rd quarter worth $7,472,000.

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About KBR

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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