KBR, Inc. (KBR) Price Target Raised to $22.00

KBR, Inc. (NYSE:KBR) had its price target raised by Credit Suisse Group from $19.00 to $22.00 in a report published on Thursday morning. Credit Suisse Group currently has an outperform rating on the construction company’s stock.

Several other equities analysts also recently commented on the company. BidaskClub downgraded KBR from a hold rating to a sell rating in a report on Friday, July 28th. KeyCorp set a $20.00 price target on KBR and gave the company a buy rating in a report on Friday, August 25th. Zacks Investment Research downgraded shares of KBR from a hold rating to a sell rating in a research note on Wednesday, October 4th. TheStreet upgraded shares of KBR from a d+ rating to a c- rating in a research note on Thursday, August 3rd. Finally, Citigroup Inc. raised their price objective on shares of KBR from $17.00 to $20.00 and gave the stock a neutral rating in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. KBR has an average rating of Buy and an average target price of $20.88.

Shares of KBR (NYSE:KBR) traded up $0.59 during mid-day trading on Thursday, reaching $20.28. The company’s stock had a trading volume of 3,008,652 shares, compared to its average volume of 1,902,706. KBR has a one year low of $13.17 and a one year high of $20.37. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.25 and a current ratio of 1.30. The firm has a market capitalization of $2,840.82, a P/E ratio of 34.97, a PEG ratio of 1.55 and a beta of 1.07.

KBR (NYSE:KBR) last announced its quarterly earnings results on Tuesday, October 31st. The construction company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.30 by $0.05. KBR had a return on equity of 10.22% and a net margin of 1.63%. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the company posted ($0.44) earnings per share. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. sell-side analysts expect that KBR will post 1.46 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.32 dividend on an annualized basis and a yield of 1.58%. KBR’s dividend payout ratio is currently 62.75%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC boosted its stake in KBR by 47.9% during the second quarter. FMR LLC now owns 21,472,623 shares of the construction company’s stock worth $326,814,000 after buying an additional 6,956,217 shares in the last quarter. BlackRock Inc. boosted its stake in KBR by 12.6% during the second quarter. BlackRock Inc. now owns 15,451,221 shares of the construction company’s stock worth $235,167,000 after buying an additional 1,726,589 shares in the last quarter. Vanguard Group Inc. boosted its stake in KBR by 2.9% during the second quarter. Vanguard Group Inc. now owns 11,856,863 shares of the construction company’s stock worth $180,461,000 after buying an additional 334,896 shares in the last quarter. Huber Capital Management LLC boosted its stake in KBR by 0.7% during the second quarter. Huber Capital Management LLC now owns 8,330,385 shares of the construction company’s stock worth $126,788,000 after buying an additional 61,300 shares in the last quarter. Finally, State Street Corp boosted its stake in KBR by 26.4% during the second quarter. State Street Corp now owns 4,850,668 shares of the construction company’s stock worth $73,828,000 after buying an additional 1,013,321 shares in the last quarter. Hedge funds and other institutional investors own 99.74% of the company’s stock.

About KBR

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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