Zacks Investment Research upgraded shares of KBR, Inc. (NYSE:KBR) from a hold rating to a strong-buy rating in a research report released on Wednesday morning. The brokerage currently has $22.00 target price on the construction company’s stock.
According to Zacks, “KBR’s Government Services business is experiencing stellar growth and the company remains confident that recent acquisitions will continue to accelerate growth momentum of this business. Organic growth from contracts with the U.S. Military proved to be the main driving force for the top-line improvement. KBR’s acquisitions in the Government Services segment continued to accelerate growth of the business. Moreover, the company is optimistic about backlog growth in the fourth quarter and early 2018 due to the pipeline of opportunities. In addition, over the past three months, KBR’s shares have outperformed the industry’s average gain significantly. Also, KBR’s high backlog level highlights its underlying strength. On the flip side, the long-cycle nature of the contracts, volatility in material & equipment pricing, risk of client loss and stiff competition raise caution.”
Several other equities analysts have also commented on the stock. Deutsche Bank AG raised their target price on shares of KBR from $18.00 to $20.00 and gave the company a buy rating in a report on Tuesday, October 24th. KeyCorp reissued a buy rating and issued a $20.00 target price on shares of KBR in a report on Friday, October 6th. BidaskClub lowered shares of KBR from a hold rating to a sell rating in a report on Saturday, August 19th. Finally, TheStreet raised shares of KBR from a d+ rating to a c- rating in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. KBR has a consensus rating of Buy and an average price target of $20.43.
Shares of KBR (KBR) traded up 0.49% during mid-day trading on Wednesday, reaching $18.47. 1,966,058 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $18.01 and a 200-day moving average price of $15.92. The stock’s market cap is $2.58 billion. KBR has a 12 month low of $13.17 and a 12 month high of $19.39.
KBR (NYSE:KBR) last released its earnings results on Wednesday, August 2nd. The construction company reported $0.54 EPS for the quarter, beating the 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 firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the firm earned $0.35 EPS. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. On average, analysts predict that KBR will post $1.44 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 15th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Thursday, December 14th. KBR’s dividend payout ratio (DPR) is presently -128.00%.
Institutional investors have recently made changes to their positions in the stock. OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in shares of KBR by 322.2% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,600 shares of the construction company’s stock valued at $114,000 after purchasing an additional 5,800 shares during the last quarter. Strs Ohio grew its holdings in shares of KBR by 141.7% during the 3rd quarter. Strs Ohio now owns 8,700 shares of the construction company’s stock valued at $155,000 after purchasing an additional 5,100 shares during the last quarter. Shelton Capital Management bought a new stake in shares of KBR during the 2nd quarter valued at approximately $160,000. GSA Capital Partners LLP bought a new stake in shares of KBR during the 2nd quarter valued at approximately $162,000. Finally, Paragon Capital Management Ltd bought a new stake in shares of KBR during the 2nd quarter valued at approximately $172,000. 99.74% of the stock is currently owned by institutional investors.
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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