KBR Inc. (KBR) Stock Rating Upgraded by Zacks Investment Research
KBR Inc. (NYSE:KBR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The firm presently has a $17.00 target price on the stock. Zacks Investment Research’s price target points to a potential upside of 20.57% from the company’s current price.
According to Zacks, “KBR has a decent earnings surprise history, beating estimates thrice and meeting once in the trailing four quarters. The company is presently facing robust prospects in the Government services and Technology & Consulting businesses. The company believes the Government Services and Technology businesses will provide it some balance between hydrocarbons and government projects. Also, KBR’s recent acquisition of CA-based Wyle is expected to bolster its government services business. Moreover, Investments undertaken around the world in refining and petrochemicals market represent significant opportunity for KBR. The company foresees continued activity in the ethylene area under the present macroeconomic environment. Also, diligent restructuring activities add to its strength. However, prolonged softness in the Engineering & Construction sector coupled with volatility in oil and gas prices may pose threat to KBR's growth.”
KBR has been the subject of a number of other reports. MKM Partners assumed coverage on shares of KBR in a research report on Wednesday, June 29th. They issued a “neutral” rating and a $13.00 price target for the company. DA Davidson set a $20.00 price target on shares of KBR and gave the stock a “buy” rating in a research report on Monday, August 15th. Vetr raised shares of KBR from a “sell” rating to a “hold” rating and set a $14.30 price target for the company in a research report on Monday, July 25th. Janney Montgomery Scott reissued a “buy” rating on shares of KBR in a research report on Tuesday, August 16th. Finally, Credit Suisse Group AG reissued a “buy” rating and issued a $18.00 price target on shares of KBR in a research report on Monday. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $17.23.
KBR (NYSE:KBR) opened at 14.10 on Monday. The stock has a market capitalization of $2.01 billion, a P/E ratio of 10.93 and a beta of 1.54. The stock has a 50 day moving average of $14.75 and a 200 day moving average of $14.60. KBR has a 52 week low of $11.61 and a 52 week high of $19.94.
KBR (NYSE:KBR) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.32 EPS for the quarter, meeting analysts’ consensus estimates 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 analyst estimates of $1.05 billion. During the same period in the prior year, the firm earned $0.46 earnings per share. The business’s quarterly revenue was down 26.9% on a year-over-year basis. On average, equities research analysts predict that KBR will post $1.35 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 15th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.32 annualized dividend and a yield of 2.27%. KBR’s dividend payout ratio (DPR) is presently 24.81%.
Institutional investors have recently made changes to their positions in the stock. LSV Asset Management bought a new position in shares of KBR during the second quarter valued at approximately $100,000. Fuller & Thaler Asset Management Inc. bought a new position in shares of KBR during the second quarter valued at approximately $102,000. LS Investment Advisors LLC increased its position in shares of KBR by 71.7% in the second quarter. LS Investment Advisors LLC now owns 8,665 shares of the company’s stock valued at $115,000 after buying an additional 3,619 shares during the period. Sei Investments Co. increased its position in shares of KBR by 18.9% in the second quarter. Sei Investments Co. now owns 8,854 shares of the company’s stock valued at $117,000 after buying an additional 1,405 shares during the period. Finally, World Asset Management Inc increased its position in shares of KBR by 0.6% in the second quarter. World Asset Management Inc now owns 10,187 shares of the company’s stock valued at $135,000 after buying an additional 58 shares during the period. 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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