KBR, Inc. (NYSE:KBR) Given Average Rating of “Hold” by Brokerages

KBR, Inc. (NYSE:KBR) has been given an average rating of “Hold” by the eleven analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $57.40.

KBR has been the topic of several recent analyst reports. Weiss Ratings downgraded shares of KBR from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, January 15th. Truist Financial reduced their price target on KBR from $62.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Bank of America lowered their price objective on KBR from $55.00 to $45.00 and set a “neutral” rating for the company in a research report on Thursday, November 13th. Citigroup dropped their target price on KBR from $62.00 to $57.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Finally, Wells Fargo & Company started coverage on KBR in a research note on Thursday, November 13th. They issued an “equal weight” rating and a $45.00 price target on the stock.

KBR Stock Down 0.1%

KBR opened at $44.41 on Monday. The firm has a market cap of $5.64 billion, a P/E ratio of 15.26, a PEG ratio of 1.09 and a beta of 0.52. The business’s fifty day simple moving average is $42.31 and its 200 day simple moving average is $45.31. KBR has a 52 week low of $39.52 and a 52 week high of $57.85. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.74.

KBR (NYSE:KBR) last released its earnings results on Wednesday, October 29th. The construction company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.99 billion. During the same period in the prior year, the firm earned $0.84 EPS. The firm’s quarterly revenue was down .3% on a year-over-year basis. As a group, equities research analysts anticipate that KBR will post 3.26 EPS for the current fiscal year.

Hedge Funds Weigh In On KBR

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC boosted its holdings in shares of KBR by 89.8% in the 4th quarter. Farther Finance Advisors LLC now owns 611 shares of the construction company’s stock valued at $25,000 after purchasing an additional 289 shares during the last quarter. Hantz Financial Services Inc. raised its position in shares of KBR by 207.8% in the 3rd 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 boosted its holdings in KBR by 432.5% in the second quarter. EverSource Wealth Advisors LLC now owns 607 shares of the construction company’s stock valued at $29,000 after acquiring an additional 493 shares during the last quarter. Bessemer Group Inc. grew its position in KBR by 75.8% during the second quarter. Bessemer Group Inc. now owns 617 shares of the construction company’s stock valued at $30,000 after acquiring an additional 266 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in KBR during the third quarter worth about $32,000. Institutional investors and hedge funds 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.