KBR, Inc. (NYSE:KBR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of KBR, Inc. (NYSE:KBR) have earned an average rating of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $78.86.

A number of equities research analysts recently commented on KBR shares. Citigroup lifted their target price on KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. KeyCorp dropped their price objective on shares of KBR from $78.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday. UBS Group raised their target price on shares of KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. TD Cowen lowered their price target on shares of KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a report on Wednesday. Finally, StockNews.com downgraded KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th.

KBR Trading Down 0.6 %

Shares of NYSE:KBR opened at $57.45 on Thursday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $7.65 billion, a P/E ratio of 24.14, a P/E/G ratio of 1.16 and a beta of 0.85. The business’s 50-day moving average is $60.98 and its 200 day moving average is $64.12. KBR has a 1 year low of $51.60 and a 1 year high of $72.60.

KBR (NYSE:KBR) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, meeting the consensus estimate of $0.84. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.95 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. KBR’s revenue was up 10.0% on a year-over-year basis. During the same period last year, the firm posted $0.75 EPS. On average, research analysts predict that KBR will post 3.27 earnings per share for the current fiscal year.

KBR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Friday, December 13th. KBR’s payout ratio is currently 25.21%.

Hedge Funds Weigh In On KBR

Several institutional investors and hedge funds have recently modified their holdings of KBR. True Wealth Design LLC acquired a new stake in KBR in the third quarter valued at approximately $26,000. Quarry LP lifted its position in shares of KBR by 454.7% during the 2nd quarter. Quarry LP now owns 821 shares of the construction company’s stock valued at $53,000 after buying an additional 673 shares in the last quarter. Eastern Bank acquired a new stake in KBR in the 3rd quarter valued at $65,000. Daiwa Securities Group Inc. acquired a new stake in KBR in the 3rd quarter valued at $111,000. Finally, Blue Trust Inc. increased its holdings in KBR by 32.2% in the 3rd quarter. Blue Trust Inc. now owns 1,926 shares of the construction company’s stock worth $124,000 after acquiring an additional 469 shares in the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

KBR Company Profile

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.