KBR (NYSE:KBR) Price Target Cut to $53.00 by Analysts at Citigroup

KBR (NYSE:KBR) had its target price cut by investment analysts at Citigroup from $57.00 to $53.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Citigroup’s target price points to a potential upside of 22.53% from the stock’s previous close.

Several other research analysts have also recently commented on KBR. Oppenheimer initiated coverage on shares of KBR in a research report on Tuesday, December 2nd. They issued an “outperform” rating and a $60.00 target price for the company. Bank of America lowered their target price on KBR from $55.00 to $45.00 and set a “neutral” rating on the stock in a research report on Thursday, November 13th. Weiss Ratings lowered KBR from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, January 15th. Wells Fargo & Company started coverage on KBR in a report on Thursday, November 13th. They set an “equal weight” rating and a $45.00 price target on the stock. Finally, Truist Financial reduced their price objective on shares of KBR from $62.00 to $50.00 and set a “buy” rating for the company in a report on Friday, December 19th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $57.00.

KBR Stock Performance

NYSE KBR traded down $1.12 during trading hours on Monday, hitting $43.26. The company had a trading volume of 91,371 shares, compared to its average volume of 1,314,260. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.74. The firm has a market cap of $5.49 billion, a P/E ratio of 14.91, a price-to-earnings-growth ratio of 1.09 and a beta of 0.52. KBR has a fifty-two week low of $39.52 and a fifty-two week high of $57.49. The business has a fifty day simple moving average of $42.31 and a 200-day simple moving average of $45.31.

KBR (NYSE:KBR) last announced its quarterly earnings results on Wednesday, October 29th. The construction company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.07. KBR had a net margin of 4.71% and a return on equity of 35.14%. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the previous year, the company posted $0.84 earnings per share. The company’s revenue for the quarter was down .3% compared to the same quarter last year. Equities analysts predict that KBR will post 3.26 EPS for the current year.

Hedge Funds Weigh In On KBR

Large investors have recently made changes to their positions in the business. Hantz Financial Services Inc. boosted its position in shares of KBR by 207.8% in the third quarter. Hantz Financial Services Inc. now owns 594 shares of the construction company’s stock worth $28,000 after buying an additional 401 shares during the period. EverSource Wealth Advisors LLC lifted its stake in KBR by 432.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 607 shares of the construction company’s stock worth $29,000 after acquiring an additional 493 shares in the last quarter. Farther Finance Advisors LLC boosted its position in KBR by 89.8% during the 4th quarter. Farther Finance Advisors LLC now owns 611 shares of the construction company’s stock worth $25,000 after acquiring an additional 289 shares during the period. Bessemer Group Inc. boosted its position in KBR by 75.8% during the 2nd quarter. Bessemer Group Inc. now owns 617 shares of the construction company’s stock worth $30,000 after acquiring an additional 266 shares during the period. Finally, FNY Investment Advisers LLC purchased a new position in KBR during the 3rd quarter valued at about $32,000. Institutional investors own 97.02% of the company’s stock.

KBR Company Profile

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.