KBR Inc. (KBR) Stock Rating Lowered by Goldman Sachs Group Inc.
KBR Inc. (NYSE:KBR) was downgraded by investment analysts at Goldman Sachs Group Inc. from a “neutral” rating to a “sell” rating in a report released on Tuesday. They currently have a $15.00 price objective on the stock, down from their previous price objective of $16.00. Goldman Sachs Group Inc.’s price objective points to a potential upside of 1.01% from the stock’s previous close.
KBR has been the topic of several other research reports. MKM Partners set a $16.00 price target on KBR and gave the company a “hold” rating in a report on Tuesday, September 13th. Deutsche Bank AG upgraded shares of KBR from a “hold” rating to a “buy” rating and raised their price objective for the stock from $14.00 to $16.00 in a research note on Tuesday, October 4th. Zacks Investment Research upgraded shares of KBR from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Monday, October 3rd. Credit Suisse Group AG restated a “buy” rating and issued a $18.00 price objective on shares of KBR in a research note on Monday, October 3rd. Finally, Johnson Rice upgraded shares of KBR from a “hold” rating to an “accumulate” rating and set a $18.00 price objective on the stock in a research note on Wednesday, October 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.23.
Shares of KBR (NYSE:KBR) opened at 14.85 on Tuesday. KBR has a 12-month low of $11.61 and a 12-month high of $19.94. The company has a 50 day moving average of $14.80 and a 200-day moving average of $14.63. The firm has a market cap of $2.12 billion, a PE ratio of 11.51 and a beta of 1.54.
KBR (NYSE:KBR) last announced its quarterly earnings results on Friday, July 29th. The company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. KBR had a return on equity of 18.60% and a net margin of 4.34%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was down 26.9% compared to the same quarter last year. Equities research analysts forecast that KBR will post $0.66 EPS for the current fiscal year.
The business also recently disclosed 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 is Tuesday, September 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.15%. KBR’s payout ratio is presently 24.81%.
Several hedge funds and other institutional investors have recently modified their holdings of KBR. LSV Asset Management bought a new position in shares of KBR during the second quarter worth about $100,000. Fuller & Thaler Asset Management Inc. bought a new position in shares of KBR during the second quarter worth about $102,000. LS Investment Advisors LLC boosted 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 worth $115,000 after buying an additional 3,619 shares during the last quarter. Sei Investments Co. boosted 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 worth $117,000 after buying an additional 1,405 shares during the last quarter. Finally, World Asset Management Inc boosted 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 worth $135,000 after buying an additional 58 shares during the last quarter. 97.24% of the stock is owned by institutional investors.
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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