KBR (NYSE:KBR) Earns Buy Rating from DA Davidson

KBR (NYSE:KBR)‘s stock had its “buy” rating restated by investment analysts at DA Davidson in a note issued to investors on Tuesday,Benzinga reports. They presently have a $84.00 target price on the construction company’s stock. DA Davidson’s price objective suggests a potential upside of 44.11% from the company’s current price.

A number of other research analysts have also weighed in on the stock. Citigroup raised their price target on shares of KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. StockNews.com lowered KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. TD Cowen downgraded KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective for the company. in a research note on Friday, September 6th. KeyCorp increased their target price on shares of KBR from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Finally, UBS Group boosted their price target on shares of KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, KBR has an average rating of “Moderate Buy” and an average price target of $81.14.

KBR Price Performance

KBR traded up $0.14 during trading on Tuesday, hitting $58.29. The company’s stock had a trading volume of 2,761,656 shares, compared to its average volume of 1,166,481. The firm has a market capitalization of $7.77 billion, a price-to-earnings ratio of 24.49, a P/E/G ratio of 1.17 and a beta of 0.89. KBR has a twelve month low of $50.45 and a twelve month high of $72.60. The business’s fifty day simple moving average is $66.36 and its 200 day simple moving average is $65.75. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69.

KBR (NYSE:KBR) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, hitting the consensus estimate of $0.84. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.95 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. The firm’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 EPS. On average, equities research analysts forecast that KBR will post 3.27 EPS for the current fiscal year.

Institutional Investors Weigh In On KBR

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KBR. Teachers Retirement System of The State of Kentucky raised its holdings in KBR by 2.9% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 73,231 shares of the construction company’s stock valued at $4,770,000 after buying an additional 2,087 shares during the period. Coldstream Capital Management Inc. raised its stake in shares of KBR by 4.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 36,060 shares of the construction company’s stock valued at $2,349,000 after acquiring an additional 1,621 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in shares of KBR by 278.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,914 shares of the construction company’s stock worth $190,000 after acquiring an additional 2,144 shares during the last quarter. XTX Topco Ltd boosted its position in shares of KBR by 57.8% during the 3rd quarter. XTX Topco Ltd now owns 41,664 shares of the construction company’s stock worth $2,714,000 after purchasing an additional 15,268 shares during the period. Finally, iSAM Funds UK Ltd raised its position in KBR by 311.9% in the third quarter. iSAM Funds UK Ltd now owns 18,433 shares of the construction company’s stock valued at $1,201,000 after purchasing an additional 13,958 shares during the period. Institutional investors and hedge funds 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.