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

KBR (NYSE:KBR) had its price target dropped by stock analysts at Citigroup from $82.00 to $76.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Citigroup’s price objective indicates a potential upside of 39.26% from the stock’s current price.

A number of other equities research analysts also recently commented on KBR. StockNews.com downgraded KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. TD Cowen lowered their target price on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. UBS Group lifted their price target 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. KeyCorp lowered their price objective on shares of KBR from $78.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Finally, DA Davidson reiterated a “buy” rating and set a $84.00 target price on shares of KBR in a report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $78.00.

KBR Stock Performance

Shares of KBR stock opened at $54.58 on Wednesday. The firm has a fifty day moving average of $58.69 and a two-hundred day moving average of $63.55. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $7.27 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 1.01 and a beta of 0.85. KBR has a 52 week low of $51.95 and a 52 week high of $72.60.

Hedge Funds Weigh In On KBR

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KBR. State Street Corp lifted its holdings in shares of KBR by 0.7% in the third quarter. State Street Corp now owns 4,016,324 shares of the construction company’s stock valued at $262,185,000 after purchasing an additional 29,833 shares in the last quarter. Franklin Resources Inc. lifted its stake in KBR by 14.5% in the 3rd quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock valued at $167,876,000 after acquiring an additional 305,889 shares in the last quarter. Jennison Associates LLC boosted its position in KBR by 27.8% during the 3rd quarter. Jennison Associates LLC now owns 1,621,740 shares of the construction company’s stock worth $105,624,000 after acquiring an additional 353,209 shares during the last quarter. Loomis Sayles & Co. L P grew its stake in shares of KBR by 5.3% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,256,562 shares of the construction company’s stock worth $81,840,000 after acquiring an additional 62,880 shares in the last quarter. Finally, Hennessy Advisors Inc. bought a new stake in shares of KBR in the fourth quarter worth $47,022,000. 97.02% of the stock is owned by institutional investors and hedge funds.

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.