KBR (NYSE:KBR) Given New $64.00 Price Target at TD Cowen

KBR (NYSE:KBR - Get Free Report) had its price objective reduced by analysts at TD Cowen from $72.00 to $64.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a "hold" rating on the construction company's stock. TD Cowen's price objective indicates a potential upside of 11.40% from the company's current price.

Other equities analysts have also issued research reports about the stock. DA Davidson reissued a "buy" rating and issued a $84.00 price target on shares of KBR in a report on Tuesday, November 19th. KeyCorp increased their price target on KBR from $75.00 to $78.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. StockNews.com cut KBR from a "strong-buy" rating to a "buy" rating in a report on Sunday, October 6th. Citigroup increased their target price on KBR from $76.00 to $82.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Finally, UBS Group lifted their price target on shares of KBR from $77.00 to $78.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $78.86.

KBR Trading Down 0.6 %

NYSE KBR traded down $0.36 on Wednesday, reaching $57.45. The company had a trading volume of 1,369,257 shares, compared to its average volume of 1,140,431. KBR has a 52 week low of $51.60 and a 52 week high of $72.60. The stock's 50 day moving average is $61.20 and its 200-day moving average is $64.16. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The stock has a market cap of $7.65 billion, a price-to-earnings ratio of 24.14, a PEG ratio of 1.16 and a beta of 0.85.

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

Institutional Trading of KBR

A number of institutional investors have recently made changes to their positions in the business. True Wealth Design LLC acquired a new stake in KBR in the 3rd quarter valued at $26,000. Quarry LP increased its position in shares of KBR by 454.7% in the second quarter. Quarry LP now owns 821 shares of the construction company's stock valued at $53,000 after acquiring an additional 673 shares during the last quarter. Eastern Bank bought a new stake in KBR during the third quarter worth about $65,000. Daiwa Securities Group Inc. acquired a new position in KBR during the third quarter valued at approximately $111,000. Finally, Blue Trust Inc. grew its stake in KBR by 32.2% in the third quarter. Blue Trust Inc. now owns 1,926 shares of the construction company's stock valued at $124,000 after purchasing an additional 469 shares in the last quarter. Institutional investors own 97.02% of the company's stock.

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.