KBR, Inc. (KBR) Receives $22.90 Average Price Target from Brokerages

KBR, Inc. (NYSE:KBR) has received a consensus recommendation of “Buy” from the fourteen ratings firms that are covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $22.90.

A number of analysts recently issued reports on KBR shares. TheStreet upgraded shares of KBR from a “c+” rating to a “b” rating in a research report on Tuesday, January 22nd. KeyCorp set a $24.00 price target on shares of KBR and gave the company a “buy” rating in a report on Tuesday, January 29th. Zacks Investment Research upgraded shares of KBR from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Monday, January 28th. Drexel Hamilton reiterated a “buy” rating and issued a $22.00 price target on shares of KBR in a report on Wednesday, February 27th. Finally, ValuEngine upgraded shares of KBR from a “sell” rating to a “hold” rating in a report on Monday, January 7th.

In other KBR news, insider John Derbyshire sold 5,460 shares of KBR stock in a transaction on Friday, March 1st. The shares were sold at an average price of $19.95, for a total value of $108,927.00. Following the transaction, the insider now owns 74,570 shares in the company, valued at approximately $1,487,671.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Farhan Mujib sold 2,496 shares of KBR stock in a transaction on Monday, March 4th. The shares were sold at an average price of $20.00, for a total transaction of $49,920.00. Following the completion of the transaction, the insider now owns 138,576 shares in the company, valued at approximately $2,771,520. The disclosure for this sale can be found here. 0.92% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of KBR. Alliancebernstein L.P. raised its stake in shares of KBR by 37.9% in the 3rd quarter. Alliancebernstein L.P. now owns 315,327 shares of the construction company’s stock valued at $6,663,000 after acquiring an additional 86,719 shares during the period. BlackRock Inc. raised its stake in shares of KBR by 0.3% in the 3rd quarter. BlackRock Inc. now owns 15,633,553 shares of the construction company’s stock valued at $330,336,000 after acquiring an additional 49,537 shares during the period. United Services Automobile Association raised its stake in shares of KBR by 2.1% in the 3rd quarter. United Services Automobile Association now owns 142,005 shares of the construction company’s stock valued at $3,001,000 after acquiring an additional 2,899 shares during the period. Hsbc Holdings PLC raised its stake in shares of KBR by 263.1% in the 3rd quarter. Hsbc Holdings PLC now owns 165,246 shares of the construction company’s stock valued at $3,491,000 after acquiring an additional 119,731 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of KBR by 218.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 12,821 shares of the construction company’s stock valued at $271,000 after acquiring an additional 8,795 shares during the period. 97.74% of the stock is currently owned by institutional investors and hedge funds.

NYSE KBR traded up $0.05 during mid-day trading on Wednesday, reaching $21.10. 952,400 shares of the stock were exchanged, compared to its average volume of 1,530,620. KBR has a 1-year low of $13.90 and a 1-year high of $22.22. The firm has a market cap of $2.98 billion, a P/E ratio of 13.79, a price-to-earnings-growth ratio of 1.46 and a beta of 1.45. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.38 and a current ratio of 1.38.

KBR (NYSE:KBR) last announced its earnings results on Tuesday, February 26th. The construction company reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. KBR had a net margin of 5.72% and a return on equity of 13.06%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter last year, the business earned $0.28 earnings per share. KBR’s revenue was up 43.0% compared to the same quarter last year. As a group, equities analysts predict that KBR will post 1.66 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were issued a $0.08 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.52%. KBR’s dividend payout ratio (DPR) is presently 20.92%.

About KBR

KBR, Inc provides professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries worldwide. The company operates through three segments: Government Services, Technology & Consulting, and Engineering & Construction. The Government Services segment offers life-cycle support solutions to defense, space, aviation, and other programs and missions for government agencies in the United States, the United Kingdom, and Australia.

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Analyst Recommendations for KBR (NYSE:KBR)

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