KBR (NYSE:KBR) Cut to “Hold” at Wall Street Zen

KBR (NYSE:KBR) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Sunday.

KBR has been the subject of several other research reports. Oppenheimer began coverage on shares of KBR in a report on Tuesday, December 2nd. They issued an “outperform” rating and a $60.00 price target for the company. Bank of America reduced their price target on shares of KBR from $55.00 to $45.00 and set a “neutral” rating for the company in a research report on Thursday, November 13th. Wells Fargo & Company assumed coverage on shares of KBR in a research note on Thursday, November 13th. They issued an “equal weight” rating and a $45.00 price target on the stock. Citigroup cut their price objective on KBR from $62.00 to $57.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Finally, Truist Financial decreased their target price on KBR from $62.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, December 19th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $57.40.

KBR Stock Up 1.6%

KBR opened at $44.41 on Friday. The company has a fifty day moving average of $41.90 and a two-hundred day moving average of $45.57. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 1.09 and a beta of 0.52. KBR has a fifty-two week low of $39.52 and a fifty-two week high of $60.98. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.18 and a current ratio of 1.18.

KBR (NYSE:KBR) last posted its earnings results on Wednesday, October 29th. The construction company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.07. KBR had a net margin of 4.71% and a return on equity of 35.14%. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same period in the prior year, the company posted $0.84 EPS. The company’s revenue for the quarter was down .3% on a year-over-year basis. On average, research analysts expect that KBR will post 3.26 earnings per share for the current year.

Institutional Investors Weigh In On KBR

A number of hedge funds have recently modified their holdings of KBR. Hantz Financial Services Inc. increased its position in KBR by 207.8% during the third quarter. Hantz Financial Services Inc. now owns 594 shares of the construction company’s stock worth $28,000 after purchasing an additional 401 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of KBR by 432.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 607 shares of the construction company’s stock valued at $29,000 after buying an additional 493 shares during the period. Bessemer Group Inc. grew its stake in shares of KBR by 75.8% in the 2nd quarter. Bessemer Group Inc. now owns 617 shares of the construction company’s stock valued at $30,000 after buying an additional 266 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of KBR during the 3rd quarter worth approximately $32,000. Finally, Byrne Asset Management LLC purchased a new stake in shares of KBR during the 2nd quarter valued at approximately $41,000. Hedge funds and other institutional investors own 97.02% of the company’s stock.

KBR Company Profile

KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support.

The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise.