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

KBR (NYSE:KBR - Get Free Report) had its price target lowered by investment analysts at KeyCorp from $67.00 to $59.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the construction company's stock. KeyCorp's target price would suggest a potential upside of 16.91% from the stock's current price.

Several other research analysts have also issued reports on the stock. Truist Financial lowered their price target on shares of KBR from $70.00 to $60.00 and set a "buy" rating for the company in a report on Monday. Citigroup lowered their target price on shares of KBR from $82.00 to $76.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. TD Cowen cut their price target on shares of KBR from $72.00 to $64.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group lowered their price objective on KBR from $75.00 to $64.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $71.13.

KBR Trading Up 0.3 %

Shares of KBR stock traded up $0.17 during trading hours on Wednesday, hitting $50.47. 516,105 shares of the company's stock traded hands, compared to its average volume of 1,304,841. The stock has a market cap of $6.55 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 0.86 and a beta of 0.73. The stock's 50 day simple moving average is $50.27 and its 200 day simple moving average is $57.63. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. KBR has a 12 month low of $43.89 and a 12 month high of $72.60.

KBR (NYSE:KBR - Get Free Report) last announced its earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.08. KBR had a return on equity of 28.87% and a net margin of 4.35%. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2 billion. On average, sell-side analysts anticipate that KBR will post 3.26 EPS for the current year.

Insider Buying and Selling at KBR

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of KBR stock in a transaction on Friday, March 14th. The shares were sold at an average price of $50.59, for a total transaction of $961,210.00. Following the transaction, the insider now directly owns 63,533 shares of the company's stock, valued at $3,214,134.47. The trade was a 23.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.11% of the company's stock.

Hedge Funds Weigh In On KBR

Several institutional investors have recently modified their holdings of KBR. Vanguard Group Inc. grew its holdings in KBR by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 12,790,454 shares of the construction company's stock valued at $740,951,000 after purchasing an additional 68,588 shares during the period. Boston Partners lifted its holdings in KBR by 12,326.4% during the 4th quarter. Boston Partners now owns 3,242,416 shares of the construction company's stock worth $188,098,000 after purchasing an additional 3,216,323 shares in the last quarter. Franklin Resources Inc. boosted its stake in KBR by 18.7% in the 4th quarter. Franklin Resources Inc. now owns 2,868,418 shares of the construction company's stock worth $166,167,000 after purchasing an additional 451,887 shares during the period. Bank of New York Mellon Corp grew its holdings in KBR by 87.2% during the 4th quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company's stock valued at $162,503,000 after buying an additional 1,307,033 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in KBR by 10.9% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,218,482 shares of the construction company's stock valued at $128,517,000 after buying an additional 218,327 shares in the last quarter. 97.02% of the stock is owned by 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.