KBR, Inc. (NYSE:KBR) Given Average Rating of “Hold” by Brokerages

KBR, Inc. (NYSE:KBR) has earned an average recommendation of “Hold” from the eleven research firms that are covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $57.00.

KBR has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of KBR from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. Bank of America cut their target price on KBR from $55.00 to $45.00 and set a “neutral” rating on the stock in a report on Thursday, November 13th. Wall Street Zen cut KBR from a “buy” rating to a “hold” rating in a research note on Sunday, January 11th. Oppenheimer assumed coverage on KBR in a research note on Tuesday, December 2nd. They issued an “outperform” rating and a $60.00 price objective on the stock. Finally, Citigroup decreased their target price on shares of KBR from $57.00 to $53.00 and set a “buy” rating for the company in a research report on Monday, January 26th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada increased its stake in KBR by 11.2% in 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. increased its position in KBR by 50.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 627,321 shares of the construction company’s stock valued at $31,247,000 after buying an additional 211,311 shares in the last quarter. Empowered Funds LLC acquired a new position in KBR during the 1st quarter worth approximately $349,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in KBR by 6.4% in 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 worth $19,704,000 after acquiring an additional 23,738 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in KBR by 15.2% in the second quarter. IFP Advisors Inc now owns 2,653 shares of the construction company’s stock valued at $127,000 after acquiring an additional 351 shares during the period. 97.02% of the stock is owned by institutional investors.

KBR Stock Performance

Shares of KBR stock opened at $40.15 on Friday. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 1.01 and a beta of 0.51. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.74. The business’s 50-day moving average price is $42.68 and its 200-day moving average price is $44.93. KBR has a 12 month low of $39.43 and a 12 month high of $56.78.

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.