KBR Inc. (KBR) Given a $15.00 Price Target at MKM Partners
A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research raised shares of KBR from a hold rating to a buy rating and set a $17.00 price target on the stock in a research note on Monday. Credit Suisse Group AG reaffirmed a buy rating and issued a $18.00 price target on shares of KBR in a research note on Monday. Janney Montgomery Scott reaffirmed a buy rating on shares of KBR in a research note on Tuesday, August 16th. DA Davidson set a $20.00 price target on shares of KBR and gave the stock a buy rating in a research note on Monday, August 15th. Finally, Vetr raised shares of KBR from a sell rating to a hold rating and set a $14.30 price target on the stock in a research note on Monday, July 25th. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $17.33.
KBR (NYSE:KBR) opened at 16.18 on Monday. The company has a 50 day moving average price of $14.78 and a 200 day moving average price of $14.62. KBR has a 1-year low of $11.61 and a 1-year high of $19.94. The firm has a market cap of $2.31 billion, a PE ratio of 12.54 and a beta of 1.54.
KBR (NYSE:KBR) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.32 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.32. KBR had a net margin of 4.34% and a return on equity of 18.60%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the business posted $0.46 earnings per share. KBR’s revenue for the quarter was down 26.9% compared to the same quarter last year. On average, equities research analysts forecast that KBR will post $0.66 earnings per share for the current year.
The company 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. This represents a $0.32 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Tuesday, September 13th. KBR’s dividend payout ratio (DPR) is 24.81%.
A number of large investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. boosted its stake in KBR by 0.3% in the second quarter. Macquarie Group Ltd. now owns 233,300 shares of the company’s stock worth $3,089,000 after buying an additional 621 shares during the period. Mason Street Advisors LLC bought a new stake in KBR during the second quarter valued at $860,000. Royal Bank of Canada boosted its stake in KBR by 1.8% in the second quarter. Royal Bank of Canada now owns 458,933 shares of the company’s stock valued at $6,076,000 after buying an additional 8,167 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in KBR by 176.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,262,162 shares of the company’s stock valued at $16,712,000 after buying an additional 806,371 shares during the last quarter. Finally, Amalgamated Bank boosted its stake in KBR by 11.1% in the second quarter. Amalgamated Bank now owns 19,376 shares of the company’s stock valued at $305,000 after buying an additional 1,939 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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