KBR (NYSE:KBR) PT Raised to $84.00

KBR (NYSE:KBR - Get Free Report) had its price objective boosted by investment analysts at DA Davidson from $78.00 to $84.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a "buy" rating on the construction company's stock. DA Davidson's price target points to a potential upside of 25.88% from the company's current price.

Other equities analysts also recently issued research reports about the stock. Citigroup boosted their price target on shares of KBR from $76.00 to $82.00 and gave the company a "buy" rating in a report on Tuesday. KeyCorp upped their price objective on shares of KBR from $73.00 to $75.00 and gave the stock an "overweight" rating in a report on Tuesday, October 8th. StockNews.com downgraded shares of KBR from a "strong-buy" rating to a "buy" rating in a report on Sunday, October 6th. Finally, TD Cowen downgraded shares of KBR from a "buy" rating to a "hold" rating and set a $72.00 price objective for the company. in a report on Friday, September 6th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, KBR currently has a consensus rating of "Moderate Buy" and an average target price of $78.75.

KBR Stock Down 0.5 %

Shares of NYSE:KBR traded down $0.32 during midday trading on Friday, reaching $66.73. The company had a trading volume of 898,255 shares, compared to its average volume of 946,692. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.10 and a quick ratio of 1.10. The stock's fifty day moving average price is $66.19 and its 200-day moving average price is $65.35. The stock has a market capitalization of $8.88 billion, a P/E ratio of 45.39, a PEG ratio of 1.45 and a beta of 0.90. KBR has a one year low of $49.37 and a one year high of $71.38.

KBR (NYSE:KBR - Get Free Report) last released its earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share for the quarter, meeting the consensus estimate of $0.84. KBR had a net margin of 2.77% and a return on equity of 27.92%. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the previous year, the firm earned $0.75 earnings per share. The firm's revenue for the quarter was up 10.0% compared to the same quarter last year. Equities research analysts expect that KBR will post 3.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other KBR news, insider Jalal Ibrahim sold 35,000 shares of the business's stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $66.56, for a total value of $2,329,600.00. Following the sale, the insider now directly owns 106,550 shares in the company, valued at approximately $7,091,968. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.08% of the stock is owned by company insiders.

Institutional Trading of KBR

Several institutional investors and hedge funds have recently bought and sold shares of the stock. D. E. Shaw & Co. Inc. raised its holdings in KBR by 29.4% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,286,779 shares of the construction company's stock worth $146,674,000 after buying an additional 520,207 shares during the period. Wolf Hill Capital Management LP increased its holdings in shares of KBR by 37.1% in the 2nd quarter. Wolf Hill Capital Management LP now owns 1,877,497 shares of the construction company's stock valued at $120,423,000 after purchasing an additional 507,800 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of KBR by 6.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,778,765 shares of the construction company's stock valued at $114,090,000 after purchasing an additional 113,140 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of KBR by 12.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,766,916 shares of the construction company's stock valued at $113,331,000 after purchasing an additional 196,693 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of KBR by 359.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,467,650 shares of the construction company's stock valued at $93,431,000 after purchasing an additional 1,148,503 shares during the period. Institutional investors and hedge funds 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.