KeyCorp Has Lowered Expectations for KBR (NYSE:KBR) Stock Price

KBR (NYSE:KBR - Get Free Report) had its price target cut by investment analysts at KeyCorp from $78.00 to $70.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the construction company's stock. KeyCorp's target price points to a potential upside of 21.85% from the company's previous close.

A number of other brokerages have also weighed in on KBR. UBS Group increased their target price on shares of KBR from $77.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. DA Davidson reaffirmed a "buy" rating and issued a $84.00 price objective on shares of KBR in a report on Tuesday, November 19th. Citigroup boosted their target price on shares of KBR from $76.00 to $82.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. TD Cowen cut their price target on KBR from $72.00 to $64.00 and set a "hold" rating for the company in a report on Wednesday. Finally, StockNews.com lowered KBR from a "strong-buy" rating to a "buy" rating in a research note on Sunday, October 6th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $78.86.

KBR Stock Performance

Shares of KBR stock traded down $0.36 on Wednesday, reaching $57.45. 1,369,257 shares of the company traded hands, compared to its average volume of 1,140,431. The company has a 50 day moving average of $60.98 and a 200 day moving average of $64.12. 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 52 week low of $51.60 and a 52 week high of $72.60. The firm has a market capitalization of $7.65 billion, a PE ratio of 24.14, a PEG ratio of 1.16 and a beta of 0.85.

KBR (NYSE:KBR - Get Free Report) last released its earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.84. KBR had a return on equity of 28.87% and a net margin of 4.35%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the business posted $0.75 earnings per share. The business's revenue for the quarter was up 10.0% on a year-over-year basis. Equities analysts forecast that KBR will post 3.27 earnings per share for the current year.

Institutional Investors Weigh In On KBR

Several hedge funds have recently bought and sold shares of the stock. True Wealth Design LLC bought a new stake in shares of KBR during the 3rd quarter worth $26,000. Quarry LP lifted its stake in KBR by 454.7% during the second quarter. Quarry LP now owns 821 shares of the construction company's stock worth $53,000 after purchasing an additional 673 shares during the last quarter. Eastern Bank purchased a new position in shares of KBR in the 3rd quarter worth about $65,000. Daiwa Securities Group Inc. bought a new position in shares of KBR during the 3rd quarter valued at about $111,000. Finally, Blue Trust Inc. raised its holdings in shares of KBR by 32.2% during the 3rd quarter. Blue Trust Inc. now owns 1,926 shares of the construction company's stock valued at $124,000 after buying an additional 469 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors.

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.