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

KBR, Inc. (NYSE:KBR) has been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and six have given a buy rating to 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 have weighed in on the company. StockNews.com lowered KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th. Citigroup lifted their price target on KBR from $76.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. DA Davidson reiterated a “buy” rating and issued a $84.00 price target on shares of KBR in a report on Tuesday, November 19th. TD Cowen dropped their target price on KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Finally, KeyCorp dropped their target price on KBR from $78.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th.

KBR Trading Up 1.5 %

Shares of NYSE KBR opened at $59.20 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The business has a fifty day simple moving average of $60.45 and a two-hundred day simple moving average of $63.99. The firm has a market cap of $7.89 billion, a PE ratio of 24.87, a price-to-earnings-growth ratio of 1.16 and a beta of 0.85. KBR has a twelve month low of $51.60 and a twelve month high of $72.60.

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

KBR Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, December 13th. This represents a $0.60 annualized dividend and a yield of 1.01%. KBR’s payout ratio is presently 25.21%.

Institutional Trading of KBR

Several large investors have recently added to or reduced their stakes in KBR. Arizona State Retirement System lifted its holdings in shares of KBR by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 37,814 shares of the construction company’s stock valued at $2,425,000 after buying an additional 712 shares during the period. Texas Permanent School Fund Corp lifted its holdings in shares of KBR by 8.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 128,362 shares of the construction company’s stock valued at $8,233,000 after buying an additional 10,208 shares during the period. Coldstream Capital Management Inc. lifted its holdings in shares of KBR by 2.1% in the 2nd quarter. Coldstream Capital Management Inc. now owns 34,439 shares of the construction company’s stock valued at $2,209,000 after buying an additional 720 shares during the period. Headlands Technologies LLC lifted its holdings in shares of KBR by 17.2% in the 2nd quarter. Headlands Technologies LLC now owns 6,897 shares of the construction company’s stock valued at $442,000 after buying an additional 1,012 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of KBR by 8.8% in the 2nd quarter. American Century Companies Inc. now owns 22,477 shares of the construction company’s stock valued at $1,442,000 after buying an additional 1,809 shares during the period. Hedge funds and other institutional investors own 97.02% of the company’s stock.

About KBR

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.