KBR Inc. (KBR) Stock Rating Upgraded by Deutsche Bank AG
KBR Inc. (NYSE:KBR) was upgraded by equities researchers at Deutsche Bank AG from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The firm currently has a $16.00 target price on the stock, up from their previous target price of $14.00. Deutsche Bank AG’s target price indicates a potential upside of 0.82% from the company’s current price.
KBR has been the subject of several other research reports. MKM Partners set a $16.00 price target on shares of KBR and gave the stock a “hold” rating in a report on Tuesday, September 13th. Zacks Investment Research upgraded shares of KBR from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Monday. Credit Suisse Group AG restated a “buy” rating and issued a $18.00 target price on shares of KBR in a report on Monday. Janney Montgomery Scott restated a “buy” rating on shares of KBR in a report on Tuesday, August 16th. Finally, DA Davidson set a $20.00 target price on shares of KBR and gave the company a “buy” rating in a report on Monday, August 15th. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $17.33.
Shares of KBR (NYSE:KBR) opened at 15.87 on Tuesday. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 12.30 and a beta of 1.54. KBR has a 52-week low of $11.61 and a 52-week high of $19.94. The company’s 50-day moving average is $14.76 and its 200 day moving average is $14.61.
KBR (NYSE:KBR) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. KBR had a net margin of 4.34% and a return on equity of 18.60%. The company earned $1.01 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the business posted $0.46 EPS. The firm’s revenue was down 26.9% on a year-over-year basis. On average, analysts expect that KBR will post $1.35 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 15th will be given a dividend of $0.08 per share. The ex-dividend date is Tuesday, September 13th. This represents a $0.32 dividend on an annualized basis and a yield of 2.02%. KBR’s payout ratio is currently 24.81%.
Institutional investors have recently made changes to their positions in the company. Glenmede Trust Co. NA increased its position in shares of KBR by 30.1% in the first quarter. Glenmede Trust Co. NA now owns 189,780 shares of the company’s stock worth $2,937,000 after buying an additional 43,880 shares during the last quarter. Nisa Investment Advisors L.L.C. increased its position in shares of KBR by 1.5% in the first quarter. Nisa Investment Advisors L.L.C. now owns 53,466 shares of the company’s stock worth $828,000 after buying an additional 800 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of KBR during the first quarter worth approximately $2,214,000. Prudential Financial Inc. increased its position in shares of KBR by 7.2% in the first quarter. Prudential Financial Inc. now owns 1,826,408 shares of the company’s stock worth $28,273,000 after buying an additional 122,940 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of KBR by 4.0% in the first quarter. BlackRock Inc. now owns 153,621 shares of the company’s stock worth $2,378,000 after buying an additional 5,889 shares during the last quarter. Institutional investors own 97.24% of the company’s stock.
KBR Company Profile
KBR, Inc (KBR) is an engineering, procurement, construction and services company. The Company supports global hydrocarbons and international Government services market sectors. It operates through three business segments: Technology & Consulting (T&C), Engineering & Construction (E&C), and Government Services (GS).
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