KBR, Inc. (NYSE:KBR) Given Consensus Rating of “Buy” by Analysts

Shares of KBR, Inc. (NYSE:KBR) have received a consensus rating of “Buy” from the twelve ratings firms that are currently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $24.33.

A number of research analysts have recently issued reports on the company. Zacks Investment Research lowered KBR from a “buy” rating to a “hold” rating in a research report on Monday, May 20th. Macquarie set a $25.00 target price on KBR and gave the company a “hold” rating in a research report on Thursday, May 2nd. ValuEngine upgraded KBR from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Deutsche Bank set a $24.00 target price on KBR and gave the company a “hold” rating in a research report on Thursday, May 2nd. Finally, KeyCorp increased their target price on KBR from $24.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, May 6th.

Shares of NYSE:KBR traded up $0.34 during midday trading on Monday, reaching $24.94. 1,430,766 shares of the company’s stock traded hands, compared to its average volume of 1,113,330. KBR has a 1 year low of $13.90 and a 1 year high of $25.04. The stock has a market cap of $3.48 billion, a P/E ratio of 16.30, a P/E/G ratio of 1.65 and a beta of 1.41. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.31 and a current ratio of 1.31. The company has a fifty day simple moving average of $23.11.

KBR (NYSE:KBR) last announced its earnings results on Wednesday, May 1st. The construction company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. KBR had a return on equity of 12.84% and a net margin of 3.51%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.20 billion. On average, sell-side analysts forecast that KBR will post 1.66 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 17th will be issued a $0.08 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.32 dividend on an annualized basis and a yield of 1.28%. KBR’s payout ratio is currently 20.92%.

A number of hedge funds have recently made changes to their positions in the business. Loews Corp lifted its holdings in KBR by 2.7% in the 1st quarter. Loews Corp now owns 25,471 shares of the construction company’s stock valued at $486,000 after purchasing an additional 663 shares in the last quarter. Neuburgh Advisers LLC lifted its holdings in KBR by 5.3% in the 4th quarter. Neuburgh Advisers LLC now owns 17,006 shares of the construction company’s stock valued at $258,000 after purchasing an additional 858 shares in the last quarter. Retirement Systems of Alabama lifted its holdings in KBR by 0.5% in the 1st quarter. Retirement Systems of Alabama now owns 183,562 shares of the construction company’s stock valued at $3,504,000 after purchasing an additional 908 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in KBR by 2.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 56,351 shares of the construction company’s stock valued at $855,000 after purchasing an additional 1,188 shares in the last quarter. Finally, Mason Street Advisors LLC lifted its holdings in KBR by 1.6% in the 1st quarter. Mason Street Advisors LLC now owns 74,986 shares of the construction company’s stock valued at $1,431,000 after purchasing an additional 1,194 shares in the last quarter. Institutional investors own 98.86% of the company’s stock.

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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