KeyCorp Issues Pessimistic Forecast for KBR (NYSE:KBR) Stock Price

KBR (NYSE:KBR) had its target price cut by KeyCorp from $78.00 to $70.00 in a report released on Wednesday,Benzinga reports. They currently have an overweight rating on the construction company’s stock.

Other analysts have also recently issued reports about the company. Citigroup increased their price target on KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. UBS Group upped their price target on shares of KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. TD Cowen cut their price objective on shares of KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research report on Wednesday. Finally, DA Davidson reissued a “buy” rating and set a $84.00 target price on shares of KBR in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.86.

KBR Price Performance

Shares of KBR opened at $58.36 on Wednesday. KBR has a 52 week low of $51.60 and a 52 week high of $72.60. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The firm has a market cap of $7.78 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 1.16 and a beta of 0.85. The stock has a 50 day moving average of $60.79 and a 200-day moving average of $64.07.

KBR (NYSE:KBR) last released its earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share 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%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 earnings per share. As a group, analysts forecast that KBR will post 3.27 EPS for the current year.

KBR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, December 13th. KBR’s dividend payout ratio (DPR) is 25.21%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. True Wealth Design LLC acquired a new position in KBR in the 3rd quarter worth about $26,000. Quarry LP increased its stake in shares of KBR by 454.7% during the 2nd quarter. Quarry LP now owns 821 shares of the construction company’s stock worth $53,000 after purchasing an additional 673 shares during the last quarter. Eastern Bank bought a new position in shares of KBR during the 3rd quarter valued at $65,000. Daiwa Securities Group Inc. acquired a new stake in shares of KBR in the 3rd quarter valued at $111,000. Finally, Blue Trust Inc. boosted its holdings in KBR by 32.2% in the third quarter. Blue Trust Inc. now owns 1,926 shares of the construction company’s stock worth $124,000 after purchasing an additional 469 shares in the last quarter. 97.02% of the stock is owned by hedge funds and other institutional investors.

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.