Citigroup Inc. Increases KBR, Inc. (KBR) Price Target to $20.00
KBR, Inc. (NYSE:KBR) had its price target increased by Citigroup Inc. from $17.00 to $20.00 in a research note issued to investors on Friday. They currently have a neutral rating on the construction company’s stock.
KBR has been the subject of a number of other reports. Zacks Investment Research upgraded KBR from a hold rating to a strong-buy rating and set a $22.00 price target for the company in a research report on Wednesday, October 25th. Deutsche Bank AG raised their price target on KBR from $18.00 to $20.00 and gave the stock a buy rating in a research report on Tuesday, October 24th. BidaskClub downgraded KBR from a hold rating to a sell rating in a research report on Saturday, August 19th. KeyCorp restated a buy rating and issued a $20.00 price target on shares of KBR in a research report on Friday, October 6th. Finally, TheStreet upgraded KBR from a d+ rating to a c- rating in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $20.43.
KBR (NYSE:KBR) opened at 18.61 on Friday. The stock’s market capitalization is $2.60 billion. KBR has a 52 week low of $13.17 and a 52 week high of $19.39. The company has a 50 day moving average of $18.05 and a 200 day moving average of $15.96.
KBR (NYSE:KBR) last issued its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.10 billion. KBR had a positive return on equity of 8.74% and a negative net margin of 0.81%. KBR’s revenue was up 8.4% on a year-over-year basis. During the same period last year, the company earned $0.35 earnings per share. Equities analysts expect that KBR will post $1.44 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 15th will be paid a $0.08 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.32 dividend on an annualized basis and a yield of 1.72%. KBR’s payout ratio is -128.00%.
Hedge funds have recently added to or reduced their stakes in the business. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in KBR by 322.2% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,600 shares of the construction company’s stock worth $114,000 after purchasing an additional 5,800 shares during the period. Strs Ohio increased its stake in KBR by 141.7% in the third quarter. Strs Ohio now owns 8,700 shares of the construction company’s stock worth $155,000 after purchasing an additional 5,100 shares during the period. Shelton Capital Management purchased a new stake in KBR in the second quarter worth $160,000. GSA Capital Partners LLP purchased a new stake in KBR in the second quarter worth $162,000. Finally, Paragon Capital Management Ltd purchased a new stake in KBR in the second quarter worth $172,000. Institutional investors and hedge funds own 99.74% of the company’s stock.
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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