KBR, Inc. (KBR) Upgraded at BidaskClub

KBR, Inc. (NYSE:KBR) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday, August 5th.

KBR has been the subject of a number of other reports. Zacks Investment Research downgraded shares of KBR from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. TheStreet raised shares of KBR from a “d+” rating to a “c-” rating in a report on Thursday, August 3rd. Finally, Vertical Research raised shares of KBR from a “hold” rating to a “buy” rating in a report on Monday, May 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $18.22.

KBR (NYSE:KBR) traded down 0.13% during trading on Friday, reaching $14.92. 1,745,847 shares of the company’s stock traded hands. The company has a 50-day moving average of $15.54 and a 200 day moving average of $15.18. The stock’s market capitalization is $2.09 billion. KBR has a 12 month low of $13.16 and a 12 month high of $17.95.

KBR (NYSE:KBR) last issued its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.05. KBR had a negative net margin of 0.81% and a positive return on equity of 8.74%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the company earned $0.35 EPS. KBR’s revenue was up 8.4% on a year-over-year basis. On average, equities research analysts expect that KBR will post $1.43 earnings per share for the current fiscal year.

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Several institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP acquired a new position in shares of KBR during the first quarter worth $109,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in shares of KBR by 322.2% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,600 shares of the construction company’s stock worth $114,000 after buying an additional 5,800 shares in the last quarter. Shelton Capital Management acquired a new position in shares of KBR during the second quarter worth $160,000. GSA Capital Partners LLP acquired a new position in shares of KBR during the second quarter worth $162,000. Finally, Paragon Capital Management Ltd acquired a new position in shares of KBR during the second quarter worth $172,000. Institutional investors own 99.74% of the company’s stock.

KBR Company Profile

KBR, Inc is a provider of professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. The Company operates through business segments, including Technology & Consulting (T&C), Engineering & Construction (E&C), Government Services (GS), Non-strategic Business and Other.

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