KBR (KBR) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of KBR (NYSE:KBR) from a hold rating to a buy rating in a report issued on Monday morning. They currently have $22.00 target price on the construction company’s stock.

According to Zacks, “KBR’s diverse business portfolio allows it to combat cyclicality associated with any single market. The company’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. The company’s consulting business is also experiencing increased activity, indicating lucrative opportunities in future E&C project. Moreover, the company is optimistic about backlog growth in the fourth quarter and early 2018 due to the pipeline of opportunities. KBR’s high backlog level also indicates underlying strength. Over the past one year, KBR’s shares have outperformed the industry’s average gain significantly. However, 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 issued reports on KBR. Deutsche Bank boosted their price target on KBR from $18.00 to $20.00 and gave the company a buy rating in a research note on Tuesday, October 24th. Citigroup boosted their price target on KBR from $17.00 to $20.00 and gave the company a neutral rating in a research note on Friday, October 27th. DA Davidson lowered KBR from a buy rating to a neutral rating and set a $22.00 price target on the stock. in a research note on Wednesday, November 1st. TheStreet raised KBR from a c rating to a b- rating in a research note on Tuesday, October 31st. Finally, Credit Suisse Group boosted their price target on KBR from $19.00 to $22.00 and gave the company an outperform rating in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. KBR currently has an average rating of Buy and a consensus price target of $21.43.

KBR (NYSE KBR) opened at $17.20 on Monday. KBR has a 12 month low of $13.36 and a 12 month high of $21.69. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $2,594.27, a P/E ratio of 31.93, a price-to-earnings-growth ratio of 1.54 and a beta of 1.03.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 15th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Wednesday, March 14th. KBR’s payout ratio is 62.75%.

Several large investors have recently modified their holdings of KBR. Wells Fargo & Company MN raised its position in shares of KBR by 21.5% during the second quarter. Wells Fargo & Company MN now owns 299,468 shares of the construction company’s stock worth $4,558,000 after purchasing an additional 52,985 shares during the period. Ameriprise Financial Inc. raised its position in shares of KBR by 8.4% during the second quarter. Ameriprise Financial Inc. now owns 423,920 shares of the construction company’s stock worth $6,452,000 after purchasing an additional 32,817 shares during the period. ProShare Advisors LLC raised its position in shares of KBR by 78.9% during the second quarter. ProShare Advisors LLC now owns 23,611 shares of the construction company’s stock worth $359,000 after purchasing an additional 10,411 shares during the period. PNC Financial Services Group Inc. raised its position in shares of KBR by 4.6% during the second quarter. PNC Financial Services Group Inc. now owns 58,784 shares of the construction company’s stock worth $894,000 after purchasing an additional 2,586 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in shares of KBR during the second quarter worth approximately $162,000.

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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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