Brokerages Set KBR, Inc. (KBR) Price Target at $23.67

Shares of KBR, Inc. (NYSE:KBR) have earned a consensus rating of “Buy” from the thirteen research firms that are covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $24.33.

Several equities analysts have commented on the stock. TheStreet downgraded shares of KBR from a “b” rating to a “c+” rating in a report on Monday, March 25th. Zacks Investment Research upgraded shares of KBR from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Tuesday, April 2nd. ValuEngine upgraded shares of KBR from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. KeyCorp upped their price objective on shares of KBR from $24.00 to $30.00 and gave the company an “overweight” rating in a report on Monday. Finally, Cowen set a $23.00 price objective on shares of KBR and gave the company a “hold” rating in a report on Tuesday, February 26th.

In other news, insider John Derbyshire sold 5,460 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $19.95, for a total value of $108,927.00. Following the completion of the sale, the insider now owns 74,570 shares of the company’s stock, valued at $1,487,671.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Farhan Mujib sold 2,496 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $20.00, for a total transaction of $49,920.00. Following the completion of the sale, the insider now directly owns 138,576 shares of the company’s stock, valued at approximately $2,771,520. The disclosure for this sale can be found here. 0.92% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the company. Peregrine Capital Management LLC boosted its position in shares of KBR by 14.2% in the first quarter. Peregrine Capital Management LLC now owns 467,311 shares of the construction company’s stock valued at $8,921,000 after acquiring an additional 58,207 shares during the period. California State Teachers Retirement System boosted its position in shares of KBR by 2.3% in the fourth quarter. California State Teachers Retirement System now owns 220,813 shares of the construction company’s stock valued at $3,352,000 after acquiring an additional 4,979 shares during the period. Foundry Partners LLC boosted its position in shares of KBR by 9.0% in the first quarter. Foundry Partners LLC now owns 680,802 shares of the construction company’s stock valued at $12,997,000 after acquiring an additional 55,968 shares during the period. JPMorgan Chase & Co. lifted its position in KBR by 9.7% during the third quarter. JPMorgan Chase & Co. now owns 2,463,729 shares of the construction company’s stock worth $52,059,000 after purchasing an additional 216,953 shares during the period. Finally, Royce & Associates LP lifted its position in KBR by 2.6% during the fourth quarter. Royce & Associates LP now owns 1,466,641 shares of the construction company’s stock worth $22,264,000 after purchasing an additional 37,577 shares during the period. 97.74% of the stock is owned by institutional investors.

KBR traded up $0.31 during trading on Friday, reaching $22.91. 44,824 shares of the stock were exchanged, compared to its average volume of 1,606,924. The company has a market cap of $3.34 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 1.59 and a beta of 1.51. KBR has a twelve month low of $13.90 and a twelve month high of $23.72. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.72.

KBR (NYSE:KBR) last issued its earnings results on Wednesday, May 1st. The construction company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.03. KBR had a net margin of 3.51% and a return on equity of 13.08%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.20 billion. As a group, research analysts forecast that KBR will post 1.65 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were issued a $0.08 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 1.40%. KBR’s dividend payout ratio is currently 20.92%.

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.

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Analyst Recommendations for KBR (NYSE:KBR)

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