TD Cowen Lowers KBR (NYSE:KBR) Price Target to $64.00

KBR (NYSE:KBR) had its price target decreased by TD Cowen from $72.00 to $64.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the construction company’s stock. TD Cowen’s price target indicates a potential upside of 12.10% from the company’s current price.

Other analysts also recently issued reports about the stock. DA Davidson restated a “buy” rating and set a $84.00 price objective on shares of KBR in a research report on Tuesday, November 19th. Citigroup increased their price objective on shares of KBR from $76.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. StockNews.com downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. 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 report on Wednesday, October 30th. Finally, KeyCorp lifted their target price on KBR from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.00.

KBR Stock Performance

Shares of NYSE KBR traded down $0.72 during midday trading on Wednesday, hitting $57.09. 806,193 shares of the stock traded hands, compared to its average volume of 1,020,415. 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 has a one year low of $51.60 and a one year high of $72.60. The firm has a market capitalization of $7.61 billion, a P/E ratio of 23.99, a PEG ratio of 1.16 and a beta of 0.85. The firm has a 50-day moving average of $61.20 and a two-hundred day moving average of $64.16.

KBR (NYSE:KBR) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 earnings per share for the quarter, hitting the consensus estimate of $0.84. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.95 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.75 EPS. On average, equities analysts forecast that KBR will post 3.27 EPS for the current fiscal year.

Hedge Funds Weigh In On KBR

Several hedge funds have recently added to or reduced their stakes in the company. True Wealth Design LLC purchased a new position in shares of KBR during the third quarter valued at approximately $26,000. Quarry LP boosted its holdings in KBR by 454.7% during the 2nd 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 period. Eastern Bank bought a new position in KBR in the 3rd quarter valued at $65,000. Daiwa Securities Group Inc. purchased a new stake in KBR in the third quarter worth $111,000. Finally, Blue Trust Inc. lifted its position in shares of KBR by 32.2% during the third quarter. Blue Trust Inc. now owns 1,926 shares of the construction company’s stock worth $124,000 after purchasing an additional 469 shares during the last quarter. 97.02% of the stock is currently owned by institutional investors.

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.