Wall Street Zen Downgrades KBR (NYSE:KBR) to Hold

KBR (NYSE:KBR) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday.

KBR has been the topic of a number of other reports. Bank of America decreased their price objective on KBR from $55.00 to $45.00 and set a “neutral” rating on the stock in a research report on Thursday, November 13th. Oppenheimer began coverage on KBR in a report on Tuesday, December 2nd. They issued an “outperform” rating and a $60.00 price target on the stock. Truist Financial lowered their price objective on KBR from $62.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, December 19th. Citigroup cut their target price on shares of KBR from $62.00 to $57.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of KBR in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $57.40.

KBR Trading Down 0.2%

KBR opened at $44.27 on Friday. KBR has a 1-year low of $39.52 and a 1-year high of $60.98. The stock has a market capitalization of $5.62 billion, a PE ratio of 15.21, a PEG ratio of 1.09 and a beta of 0.52. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.74. The firm has a 50-day moving average price of $41.95 and a two-hundred day moving average price of $45.52.

KBR (NYSE:KBR) last released its quarterly earnings results on Wednesday, October 29th. The construction company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.95 by $0.07. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.99 billion. KBR had a net margin of 4.71% and a return on equity of 35.14%. KBR’s revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 earnings per share. As a group, equities analysts anticipate that KBR will post 3.26 earnings per share for the current fiscal year.

Institutional Trading of KBR

Several hedge funds have recently added to or reduced their stakes in KBR. Invesco Ltd. lifted its holdings in KBR by 1.5% during the third quarter. Invesco Ltd. now owns 5,544,490 shares of the construction company’s stock worth $262,199,000 after acquiring an additional 79,258 shares in the last quarter. Boston Partners raised its position in shares of KBR by 25.6% during the second quarter. Boston Partners now owns 5,506,603 shares of the construction company’s stock worth $264,474,000 after purchasing an additional 1,122,076 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of KBR by 8.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,090,874 shares of the construction company’s stock valued at $196,116,000 after purchasing an additional 308,268 shares in the last quarter. Franklin Resources Inc. grew its position in shares of KBR by 17.8% in the 2nd quarter. Franklin Resources Inc. now owns 3,419,468 shares of the construction company’s stock valued at $163,929,000 after purchasing an additional 517,633 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in KBR by 1.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,550,767 shares of the construction company’s stock worth $120,621,000 after purchasing an additional 38,568 shares in the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

About KBR

KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support.

The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise.