KBR (NYSE:KBR) PT Raised to $83.00

KBR (NYSE:KBR) had its price target boosted by research analysts at Stifel Nicolaus from $80.00 to $83.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 28.92% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on KBR. UBS Group reduced their price target on KBR from $65.00 to $63.00 and set a “buy” rating for the company in a report on Friday, February 2nd. KeyCorp increased their target price on KBR from $63.00 to $65.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st. Citigroup increased their target price on KBR from $66.00 to $72.00 and gave the company a “buy” rating in a report on Monday. Truist Financial increased their target price on KBR from $72.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Finally, StockNews.com raised KBR from a “hold” rating to a “buy” rating in a report on Wednesday, March 20th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $73.43.

KBR Stock Up 0.3 %

Shares of KBR opened at $64.38 on Tuesday. KBR has a 52 week low of $49.37 and a 52 week high of $65.87. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $8.67 billion, a price-to-earnings ratio of -31.40, a PEG ratio of 1.34 and a beta of 0.95. The stock’s 50-day moving average price is $61.39 and its 200-day moving average price is $56.87.

KBR (NYSE:KBR) last released its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.69 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.69. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.78 billion. KBR had a positive return on equity of 25.08% and a negative net margin of 3.81%. KBR’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 EPS. On average, sell-side analysts predict that KBR will post 3.19 EPS for the current year.

Insider Activity

In other news, EVP Jennifer Myles sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $58.95, for a total value of $471,600.00. Following the completion of the sale, the executive vice president now directly owns 38,524 shares in the company, valued at $2,270,989.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.08% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Rise Advisors LLC purchased a new position in KBR in the first quarter worth approximately $25,000. CWM LLC grew its position in KBR by 113.6% in the third quarter. CWM LLC now owns 814 shares of the construction company’s stock worth $48,000 after acquiring an additional 433 shares during the period. Ronald Blue Trust Inc. grew its position in KBR by 91.4% in the third quarter. Ronald Blue Trust Inc. now owns 1,064 shares of the construction company’s stock worth $69,000 after acquiring an additional 508 shares during the period. International Assets Investment Management LLC purchased a new position in KBR in the fourth quarter worth approximately $64,000. Finally, Headlands Technologies LLC purchased a new position in KBR in the fourth quarter worth approximately $65,000. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

About KBR

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.