KBR, Inc. (KBR) Upgraded to Hold at Zacks Investment Research
KBR, Inc. (NYSE:KBR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.
According to Zacks, “KBR’s Government Services business is experiencing stellar growth and the company remains confident that recent acquisitions will continue to accelerate growth momentum of this business. Organic growth from contracts with the U.S. Military proved to be the main driving force for the top-line improvement. The company’s acquisitions in the Government Services segment continued to accelerate growth of the business. In addition, KBR is optimistic about backlog growth in the fourth quarter and early 2018 due to the pipeline of opportunities. On the flip side, the long-cycle nature of the contracts, volatility in material & equipment pricing, risk of client loss and stiff competition raise caution. Over the past one year, KBR’s shares have underperformed the industry’s average gain significantly. Moreover, KBR continues to incur high general and administrative expenses which are about $4-$5 million above the normative level.”
A number of other equities research analysts have also commented on KBR. KeyCorp restated a “buy” rating and set a $20.00 price objective on shares of KBR in a research report on Friday, October 6th. BidaskClub upgraded KBR from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, TheStreet raised KBR from a “d+” rating to a “c-” rating in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $19.00.
KBR (NYSE KBR) traded up 0.28% on Wednesday, hitting $17.78. 331,071 shares of the stock were exchanged. The company’s 50-day moving average is $17.16 and its 200-day moving average is $15.58. The company’s market cap is $2.49 billion. KBR has a 52 week low of $13.17 and a 52 week high of $18.28.
KBR (NYSE:KBR) last announced its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.05. KBR had a positive return on equity of 8.74% and a negative net margin of 0.81%. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the company posted $0.35 EPS. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. On average, analysts predict that KBR will post $1.43 earnings per share for the current year.
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Institutional investors and hedge funds have recently bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in shares of KBR during the 1st quarter worth about $109,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of KBR by 322.2% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,600 shares of the construction company’s stock worth $114,000 after purchasing an additional 5,800 shares in the last quarter. Shelton Capital Management purchased a new stake in shares of KBR during the 2nd quarter worth about $160,000. GSA Capital Partners LLP purchased a new stake in shares of KBR during the 2nd quarter worth about $162,000. Finally, Paragon Capital Management Ltd purchased a new stake in shares of KBR during the 2nd quarter worth about $172,000. 99.74% of the stock is owned by institutional investors.
KBR Company Profile
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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