KBR (NYSE:KBR) Price Target Raised to $78.00 at KeyCorp

KBR (NYSE:KBR) had its target price boosted by stock analysts at KeyCorp from $75.00 to $78.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. KeyCorp’s target price indicates a potential upside of 8.92% from the stock’s previous close.

A number of other equities research analysts have also weighed in on KBR. DA Davidson upped their target price on shares of KBR from $78.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, October 25th. UBS Group increased their price objective on KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Citigroup lifted their target price on KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. TD Cowen lowered KBR from a “buy” rating to a “hold” rating and set a $72.00 price target for the company. in a research report on Friday, September 6th. Finally, StockNews.com downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, KBR presently has a consensus rating of “Moderate Buy” and an average target price of $81.14.

KBR Trading Up 1.1 %

Shares of KBR stock opened at $71.61 on Thursday. The stock has a market capitalization of $9.54 billion, a PE ratio of 30.09, a price-to-earnings-growth ratio of 1.39 and a beta of 0.89. KBR has a 52 week low of $50.45 and a 52 week high of $71.94. The stock has a 50 day moving average price of $66.42 and a two-hundred day moving average price of $65.75. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07.

KBR (NYSE:KBR) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.84. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.95 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. KBR’s revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.75 EPS. As a group, equities analysts anticipate that KBR will post 3.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Jalal Ibrahim sold 35,000 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the completion of the transaction, the insider now directly owns 106,550 shares of the company’s stock, valued at $7,091,968. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.08% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Intech Investment Management LLC raised its stake in KBR by 60.4% in the 3rd quarter. Intech Investment Management LLC now owns 43,805 shares of the construction company’s stock valued at $2,853,000 after acquiring an additional 16,490 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of KBR in the third quarter worth about $1,177,000. Jennison Associates LLC raised its position in shares of KBR by 27.8% in the third quarter. Jennison Associates LLC now owns 1,621,740 shares of the construction company’s stock valued at $105,624,000 after purchasing an additional 353,209 shares during the period. Natixis Advisors LLC lifted its stake in shares of KBR by 34.6% during the 3rd quarter. Natixis Advisors LLC now owns 55,584 shares of the construction company’s stock valued at $3,620,000 after buying an additional 14,295 shares in the last quarter. Finally, Pier 88 Investment Partners LLC boosted its holdings in KBR by 25.9% in the 3rd quarter. Pier 88 Investment Partners LLC now owns 50,710 shares of the construction company’s stock worth $3,303,000 after buying an additional 10,420 shares during the period. Hedge funds and other 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.