KBR (KBR) Downgraded by ValuEngine
ValuEngine downgraded shares of KBR (NYSE:KBR) from a hold rating to a sell rating in a research report released on Thursday.
A number of other equities analysts also recently weighed in on KBR. Zacks Investment Research restated a strong-buy rating and set a $23.00 target price on shares of KBR in a report on Tuesday, November 13th. Credit Suisse Group boosted their target price on shares of KBR from $24.00 to $25.00 and gave the stock a neutral rating in a report on Wednesday, October 31st. Drexel Hamilton set a $22.00 target price on shares of KBR and gave the stock a buy rating in a report on Tuesday, October 30th. Macquarie downgraded shares of KBR from an outperform rating to a neutral rating and set a $22.00 target price on the stock. in a report on Wednesday, September 19th. Finally, Bank of America boosted their target price on shares of KBR from $20.00 to $24.00 and gave the stock a buy rating in a report on Monday, August 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $23.20.
NYSE KBR opened at $16.73 on Thursday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.29 and a current ratio of 1.29. KBR has a 12-month low of $14.40 and a 12-month high of $22.22. The company has a market capitalization of $2.36 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 1.23 and a beta of 1.11.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 17th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, December 14th. This represents a $0.32 dividend on an annualized basis and a yield of 1.91%. KBR’s payout ratio is 21.48%.
Institutional investors and hedge funds have recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. bought a new position in KBR during the second quarter worth $158,000. Janney Montgomery Scott LLC bought a new position in KBR during the second quarter worth $179,000. PEAK6 Investments LLC bought a new position in KBR during the third quarter worth $211,000. Point72 Hong Kong Ltd boosted its position in KBR by 514.1% during the second quarter. Point72 Hong Kong Ltd now owns 12,289 shares of the construction company’s stock worth $220,000 after purchasing an additional 10,288 shares during the period. Finally, Marshall Wace LLP bought a new position in KBR during the second quarter worth $222,000. Institutional investors and hedge funds own 97.78% of the company’s stock.
KBR Company Profile
KBR, Inc provides professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries worldwide. The company operates through three segments: Government Services, Technology & Consulting, and Engineering & Construction. The Government Services segment offers life-cycle support solutions to defense, space, aviation, and other programs and missions for government agencies in the United States, the United Kingdom, and Australia.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for KBR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KBR and related companies with MarketBeat.com's FREE daily email newsletter.