Citigroup Lowers KBR (NYSE:KBR) Price Target to $53.00

KBR (NYSE:KBR) had its price objective cut by equities research analysts at Citigroup from $57.00 to $53.00 in a report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. Citigroup’s price objective suggests a potential upside of 22.73% from the stock’s previous close.

Several other analysts have also recently weighed in on KBR. Bank of America cut their price objective on KBR from $55.00 to $45.00 and set a “neutral” rating on the stock in a research report on Thursday, November 13th. Weiss Ratings cut KBR from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, January 15th. Wells Fargo & Company began coverage on KBR in a report on Thursday, November 13th. They issued an “equal weight” rating and a $45.00 price objective for the company. Wall Street Zen downgraded shares of KBR from a “buy” rating to a “hold” rating in a research report on Sunday, January 11th. Finally, Truist Financial decreased their price target on shares of KBR from $62.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, December 19th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $57.00.

KBR Trading Down 0.6%

NYSE KBR opened at $43.19 on Monday. The stock has a market cap of $5.48 billion, a P/E ratio of 14.84, a price-to-earnings-growth ratio of 1.08 and a beta of 0.52. KBR has a fifty-two week low of $39.52 and a fifty-two week high of $56.78. The stock has a 50 day simple moving average of $42.42 and a two-hundred day simple moving average of $45.26. 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 announced its quarterly earnings results on Wednesday, October 29th. The construction company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.07. KBR had a return on equity of 35.14% and a net margin of 4.71%.The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the firm posted $0.84 earnings per share. The firm’s revenue was down .3% on a year-over-year basis. On average, analysts forecast that KBR will post 3.26 earnings per share for the current year.

Institutional Trading of KBR

Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its holdings in shares of KBR by 11.2% during the first quarter. Royal Bank of Canada now owns 81,779 shares of the construction company’s stock valued at $4,073,000 after purchasing an additional 8,243 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of KBR by 50.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 627,321 shares of the construction company’s stock valued at $31,247,000 after acquiring an additional 211,311 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of KBR in the first quarter worth approximately $349,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of KBR by 6.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 395,574 shares of the construction company’s stock valued at $19,704,000 after purchasing an additional 23,738 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in KBR in the second quarter worth approximately $405,000. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

About KBR

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.