KBR (NYSE:KBR) Given New $48.00 Price Target at Citigroup

KBR (NYSE:KBR) had its price target lowered by analysts at Citigroup from $49.00 to $48.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Citigroup‘s target price points to a potential upside of 22.12% from the company’s previous close.

KBR has been the subject of several other research reports. Wall Street Zen upgraded shares of KBR from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. UBS Group lifted their price objective on shares of KBR from $36.00 to $41.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Oppenheimer reduced their target price on shares of KBR from $60.00 to $50.00 and set an “outperform” rating for the company in a research note on Tuesday, September 22nd. Weiss Ratings upgraded shares of KBR from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, September 3rd. Finally, Bank of America dropped their price target on shares of KBR from $45.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, July 20th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $44.83.

KBR Stock Performance

KBR stock traded down $0.22 during midday trading on Friday, reaching $39.31. The company had a trading volume of 563,752 shares, compared to its average volume of 1,575,739. The firm has a market capitalization of $4.96 billion, a PE ratio of 11.85, a P/E/G ratio of 2.01 and a beta of 0.47. The stock has a 50 day moving average price of $36.42 and a 200 day moving average price of $35.67. KBR has a fifty-two week low of $29.94 and a fifty-two week high of $45.37. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.52.

KBR (NYSE:KBR) last announced its quarterly earnings results on Thursday, July 30th. The construction company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.09. KBR had a return on equity of 32.55% and a net margin of 5.49%. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the prior year, the firm earned $0.91 EPS. The business’s quarterly revenue was up 1.6% on a year-over-year basis. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. Analysts anticipate that KBR will post 4.01 earnings per share for the current year.

Hedge Funds Weigh In On KBR

Large investors have recently bought and sold shares of the stock. Reyes Financial Architecture Inc. bought a new position in shares of KBR during the 3rd quarter valued at about $31,000. Vest Financial LLC lifted its stake in KBR by 15.6% during the third quarter. Vest Financial LLC now owns 21,034 shares of the construction company’s stock valued at $740,000 after purchasing an additional 2,842 shares during the last quarter. Net Worth Advisory Group bought a new stake in KBR during the third quarter worth approximately $262,000. Banque Pictet & Cie SA acquired a new position in KBR in the third quarter worth approximately $249,000. Finally, State of Alaska Department of Revenue grew its position in KBR by 35.6% in the third quarter. State of Alaska Department of Revenue now owns 16,849 shares of the construction company’s stock worth $592,000 after buying an additional 4,425 shares during the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

About KBR

KBR, Inc is a global engineering, science and technology company that provides solutions to government and commercial customers. Its services include program management, engineering and integration, consulting, mission operations, logistics, cybersecurity, digital transformation and technical support.

Through its Government Solutions business, KBR supports defense, intelligence, space, civil government and national security programs. The company provides mission support, research and development, systems engineering, training, operations and maintenance services to government agencies and other public-sector customers.

KBR’s Sustainable Technology Solutions business serves energy, chemicals and industrial customers with technology licensing, engineering, project delivery and consulting services.