KBR (NYSE:KBR) Price Target Cut to $64.00 by Analysts at The Goldman Sachs Group

KBR (NYSE:KBR) had its price objective trimmed by The Goldman Sachs Group from $75.00 to $64.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

A number of other research analysts have also recently commented on KBR. TD Cowen cut their target price on KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. 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 dropped their price objective on KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. DA Davidson reissued a “buy” rating and issued a $84.00 price objective on shares of KBR in a research note on Tuesday, November 19th. Finally, KeyCorp dropped their price objective on KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, KBR currently has a consensus rating of “Moderate Buy” and an average target price of $75.88.

KBR Trading Up 1.5 %

KBR opened at $49.02 on Wednesday. The stock has a market cap of $6.53 billion, a price-to-earnings ratio of 20.60, a P/E/G ratio of 0.86 and a beta of 0.83. The stock’s 50 day moving average price is $55.33 and its 200-day moving average price is $61.40. KBR has a one year low of $47.16 and a one year high of $72.60. 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 released its earnings results on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.08. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. On average, equities analysts forecast that KBR will post 3.26 EPS for the current year.

KBR Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.35%. The ex-dividend date is Friday, March 14th. This is a boost from KBR’s previous quarterly dividend of $0.15. KBR’s dividend payout ratio (DPR) is 23.57%.

Institutional Trading of KBR

Hedge funds and other institutional investors have recently bought and sold shares of the stock. True Wealth Design LLC purchased a new stake in shares of KBR during the 3rd quarter valued at $26,000. UMB Bank n.a. lifted its holdings in shares of KBR by 49.2% during the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock valued at $31,000 after purchasing an additional 175 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of KBR during the 4th quarter valued at $31,000. First Horizon Advisors Inc. purchased a new stake in shares of KBR during the 4th quarter valued at $32,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of KBR during the 4th quarter valued at $68,000. Institutional investors 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.