KBR, Inc. (NYSE:KBR) Upgraded to “Hold” by BidaskClub
KBR, Inc. (NYSE:KBR) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.
KBR has been the subject of a number of other reports. Zacks Investment Research cut shares of KBR from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. TheStreet raised shares of KBR from a “d+” rating to a “c-” rating in a report on Thursday. Finally, Vertical Research raised shares of KBR from a “hold” rating to a “buy” rating in a report on Monday, May 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. KBR currently has a consensus rating of “Buy” and a consensus target price of $18.22.
KBR (NYSE:KBR) traded up 2.64% during midday trading on Friday, reaching $16.70. The company’s stock had a trading volume of 3,955,903 shares. KBR has a 52 week low of $13.16 and a 52 week high of $17.95. The firm’s market capitalization is $2.34 billion. The company’s 50-day moving average is $15.12 and its 200 day moving average is $15.22.
KBR (NYSE:KBR) last issued its earnings results on Wednesday, August 2nd. The construction company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.05. KBR had a negative net margin of 0.81% and a positive return on equity of 8.74%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the company posted $0.35 earnings per share. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. Analysts expect that KBR will post $1.35 earnings per share for the current fiscal year.
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A number of hedge funds have recently added to or reduced their stakes in KBR. Norges Bank purchased a new stake in KBR during the fourth quarter valued at approximately $22,520,000. Teachers Advisors LLC boosted its stake in KBR by 112.7% in the fourth quarter. Teachers Advisors LLC now owns 1,815,820 shares of the construction company’s stock valued at $30,306,000 after buying an additional 962,320 shares during the last quarter. Macquarie Group Ltd. boosted its stake in KBR by 0.3% in the fourth quarter. Macquarie Group Ltd. now owns 316,300 shares of the construction company’s stock valued at $5,279,000 after buying an additional 950 shares during the last quarter. Capstone Asset Management Co. boosted its stake in KBR by 1.7% in the first quarter. Capstone Asset Management Co. now owns 17,241 shares of the construction company’s stock valued at $259,000 after buying an additional 290 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in KBR by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 36,100 shares of the construction company’s stock valued at $543,000 after buying an additional 800 shares during the last quarter. 99.87% of the stock is owned by hedge funds and other institutional investors.
KBR, Inc is a provider of professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. The Company operates through business segments, including Technology & Consulting (T&C), Engineering & Construction (E&C), Government Services (GS), Non-strategic Business and Other.
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