KBR (NYSE:KBR) Given New $82.00 Price Target at Citigroup

KBR (NYSE:KBR) had its price objective upped by stock analysts at Citigroup from $76.00 to $82.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Citigroup’s price objective would indicate a potential upside of 15.82% from the company’s previous close.

Several other research firms also recently issued reports on KBR. KeyCorp boosted their price objective on KBR from $73.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. DA Davidson reissued a “buy” rating and set a $78.00 price target on shares of KBR in a research report on Tuesday, June 25th. TD Cowen cut shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective for the company. in a report on Friday, September 6th. Finally, StockNews.com lowered shares of KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $78.00.

KBR Trading Down 0.4 %

NYSE KBR traded down $0.28 during trading hours on Tuesday, reaching $70.80. The company had a trading volume of 550,648 shares, compared to its average volume of 1,093,743. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $9.51 billion, a P/E ratio of -36.87, a price-to-earnings-growth ratio of 1.40 and a beta of 0.90. The stock has a 50-day moving average of $66.02 and a 200 day moving average of $65.28. KBR has a 1-year low of $49.37 and a 1-year high of $71.26.

KBR (NYSE:KBR) last issued its quarterly earnings data on Wednesday, July 24th. The construction company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.79 by $0.04. KBR had a net margin of 2.77% and a return on equity of 27.92%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.88 billion. As a group, research analysts anticipate that KBR will post 3.25 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Jalal Ibrahim sold 35,000 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the completion of the transaction, the insider now owns 106,550 shares in the company, valued at approximately $7,091,968. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.08% of the company’s stock.

Hedge Funds Weigh In On KBR

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Harbour Capital Advisors LLC lifted its position in shares of KBR by 0.5% during the 1st quarter. Harbour Capital Advisors LLC now owns 54,135 shares of the construction company’s stock worth $3,412,000 after buying an additional 265 shares during the last quarter. State of Michigan Retirement System boosted its stake in KBR by 2.2% in the first quarter. State of Michigan Retirement System now owns 33,111 shares of the construction company’s stock valued at $2,108,000 after acquiring an additional 700 shares in the last quarter. Norden Group LLC grew its holdings in shares of KBR by 1,030.1% during the first quarter. Norden Group LLC now owns 74,200 shares of the construction company’s stock worth $4,723,000 after purchasing an additional 67,634 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of KBR by 2.3% during the first quarter. Principal Financial Group Inc. now owns 509,083 shares of the construction company’s stock worth $32,408,000 after purchasing an additional 11,462 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of KBR by 294.2% in the 1st quarter. Van ECK Associates Corp now owns 282,343 shares of the construction company’s stock valued at $17,974,000 after purchasing an additional 210,717 shares during the last quarter. 97.02% of the stock is owned by institutional investors and hedge funds.

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.