KBR (KBR) Downgraded by ValuEngine

ValuEngine downgraded shares of KBR (NYSE:KBR) from a hold rating to a sell rating in a report released on Thursday.

Other equities research analysts have also recently issued research reports about the stock. Drexel Hamilton set a $22.00 price objective on shares of KBR and gave the stock a buy rating in a research report on Tuesday, October 30th. Bank of America upped their price objective on shares of KBR from $20.00 to $24.00 and gave the stock a buy rating in a research report on Monday, August 13th. Credit Suisse Group upped their price objective on shares of KBR from $24.00 to $25.00 and gave the stock a neutral rating in a research report on Wednesday, October 31st. Macquarie cut shares of KBR from an outperform rating to a neutral rating and set a $22.00 price objective for the company. in a research report on Wednesday, September 19th. Finally, Zacks Investment Research reaffirmed a strong-buy rating and set a $23.00 price objective on shares of KBR in a research report on Tuesday, November 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. KBR currently has an average rating of Buy and a consensus target price of $23.20.

KBR opened at $16.73 on Thursday. KBR has a twelve month low of $14.40 and a twelve month high of $22.22. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market cap of $2.36 billion, a P/E ratio of 11.23, a PEG ratio of 1.23 and a beta of 1.11.

KBR (NYSE:KBR) last posted its quarterly earnings data on Tuesday, October 30th. The construction company reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.07. KBR had a net margin of 11.35% and a return on equity of 13.40%. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the business posted $0.35 earnings per share. KBR’s revenue was up 23.6% compared to the same quarter last year. As a group, analysts anticipate that KBR will post 1.51 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 17th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.91%. The ex-dividend date is Friday, December 14th. KBR’s payout ratio is 21.48%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. acquired a new position in KBR during the second quarter worth about $158,000. PEAK6 Investments LLC acquired a new position in KBR during the third quarter worth about $211,000. Janney Montgomery Scott LLC acquired a new position in KBR during the second quarter worth about $179,000. Trilogy Capital Inc. acquired a new position in KBR during the third quarter worth about $234,000. Finally, Point72 Hong Kong Ltd raised its stake 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 acquiring an additional 10,288 shares in the last quarter. 97.78% of the stock is owned by hedge funds and other institutional investors.

About KBR

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.

See Also: NASDAQ Stock Market Explained

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for KBR (NYSE:KBR)

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.

Leave a Reply