Citigroup Issues Pessimistic Forecast for KBR (NYSE:KBR) Stock Price

KBR (NYSE:KBR - Get Free Report) had its target price dropped by stock analysts at Citigroup from $82.00 to $76.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the construction company's stock. Citigroup's price objective suggests a potential upside of 39.56% from the company's previous close.

Several other equities research analysts have also recently weighed in on KBR. StockNews.com cut shares of KBR from a "strong-buy" rating to a "buy" rating in a research report on Sunday, October 6th. KeyCorp reduced their price target on shares of KBR from $78.00 to $70.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. TD Cowen lowered their price objective on shares of KBR from $72.00 to $64.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. UBS Group upped their target price on KBR from $77.00 to $78.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Finally, DA Davidson reissued a "buy" rating and set a $84.00 price target on shares of KBR in a report on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $78.00.

KBR Price Performance

KBR stock traded down $1.35 during mid-day trading on Wednesday, reaching $54.46. 2,183,906 shares of the company were exchanged, compared to its average volume of 1,103,329. The company has a fifty day simple moving average of $58.39 and a 200-day simple moving average of $63.33. The firm has a market cap of $7.26 billion, a PE ratio of 22.88, a PEG ratio of 0.92 and a beta of 0.85. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. KBR has a 12 month low of $51.95 and a 12 month high of $72.60.

Institutional Investors Weigh In On KBR

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp boosted its stake in shares of KBR by 0.7% during the third quarter. State Street Corp now owns 4,016,324 shares of the construction company's stock valued at $262,185,000 after purchasing an additional 29,833 shares in the last quarter. Franklin Resources Inc. boosted its position in KBR by 14.5% during the 3rd quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company's stock worth $167,876,000 after buying an additional 305,889 shares during the period. Jennison Associates LLC grew its holdings in KBR by 27.8% during the 3rd quarter. Jennison Associates LLC now owns 1,621,740 shares of the construction company's stock worth $105,624,000 after acquiring an additional 353,209 shares during the last quarter. Loomis Sayles & Co. L P increased its position in KBR by 5.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,256,562 shares of the construction company's stock valued at $81,840,000 after acquiring an additional 62,880 shares during the period. Finally, Van ECK Associates Corp raised its stake in shares of KBR by 33.0% during the fourth quarter. Van ECK Associates Corp now owns 882,086 shares of the construction company's stock valued at $51,099,000 after acquiring an additional 218,853 shares during the last quarter. Institutional investors own 97.02% of the company's stock.

KBR Company Profile

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.