KeyCorp Increases KBR (KBR) Price Target to $30.00

KBR (NYSE:KBR) had its price target raised by KeyCorp from $24.00 to $30.00 in a report issued on Monday morning, The Fly reports. The brokerage currently has an overweight rating on the construction company’s stock. KeyCorp also issued estimates for KBR’s Q2 2019 earnings at $0.38 EPS, Q3 2019 earnings at $0.40 EPS, Q4 2019 earnings at $0.47 EPS, Q4 2019 earnings at $0.48 EPS, FY2019 earnings at $1.63 EPS, FY2020 earnings at $1.95 EPS and FY2021 earnings at $2.19 EPS.

Several other brokerages also recently issued reports on KBR. Zacks Investment Research raised shares of KBR from a sell rating to a hold rating and set a $25.00 price target on the stock in a report on Friday, May 3rd. ValuEngine raised shares of KBR from a hold rating to a buy rating in a research note on Wednesday, May 1st. Macquarie set a $25.00 price objective on shares of KBR and gave the company a hold rating in a research note on Thursday, May 2nd. Deutsche Bank set a $24.00 price objective on shares of KBR and gave the company a hold rating in a research note on Thursday, May 2nd. Finally, Cowen reissued a hold rating and set a $23.00 price objective on shares of KBR in a research note on Monday, April 15th. Seven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $24.40.

Shares of NYSE KBR opened at $22.86 on Monday. KBR has a 12-month low of $13.90 and a 12-month high of $23.72. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 1.59 and a beta of 1.51. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.72.

KBR (NYSE:KBR) last announced its quarterly earnings results on Wednesday, May 1st. The construction company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.03. KBR had a net margin of 3.51% and a return on equity of 13.08%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.20 billion. On average, equities analysts predict that KBR will post 1.65 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Thursday, March 14th. KBR’s payout ratio is 20.92%.

In other KBR news, insider Farhan Mujib sold 2,496 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 138,576 shares of the company’s stock, valued at $2,771,520. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider John Derbyshire sold 5,460 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $19.95, for a total transaction of $108,927.00. Following the transaction, the insider now directly owns 74,570 shares in the company, valued at approximately $1,487,671.50. The disclosure for this sale can be found here. Corporate insiders own 0.92% of the company’s stock.

A number of large investors have recently bought and sold shares of KBR. Advisor Group Inc. raised its stake in KBR by 182.4% during the first quarter. Advisor Group Inc. now owns 1,624 shares of the construction company’s stock worth $31,000 after purchasing an additional 1,049 shares during the period. Sageworth Trust Co purchased a new position in KBR during the first quarter worth approximately $35,000. Oregon Public Employees Retirement Fund raised its stake in KBR by 1,450.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 855,408 shares of the construction company’s stock worth $56,000 after purchasing an additional 800,245 shares during the period. State of Alaska Department of Revenue purchased a new position in KBR during the first quarter worth approximately $102,000. Finally, Meeder Asset Management Inc. raised its stake in KBR by 333.2% during the fourth quarter. Meeder Asset Management Inc. now owns 10,505 shares of the construction company’s stock worth $161,000 after purchasing an additional 8,080 shares during the period. 97.74% of the stock is currently owned by institutional investors.

KBR Company Profile

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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