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

KBR (NYSE:KBR) had its target price cut by research analysts at KeyCorp from $78.00 to $70.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the construction company’s stock. KeyCorp’s target price indicates a potential upside of 21.85% from the company’s previous close.

KBR has been the subject of a number of other reports. Citigroup boosted their price objective on shares of KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. TD Cowen reduced their price objective on KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday. DA Davidson reissued a “buy” rating and issued a $84.00 target price on shares of KBR in a research note on Tuesday, November 19th. UBS Group lifted their price target on KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, StockNews.com lowered KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, KBR currently has a consensus rating of “Moderate Buy” and an average price target of $78.86.

KBR Stock Down 0.6 %

KBR opened at $57.45 on Wednesday. The business’s fifty day simple moving average is $60.79 and its 200 day simple moving average is $64.07. KBR has a 52 week low of $51.60 and a 52 week high of $72.60. 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 PE ratio of 24.14, a P/E/G ratio of 1.16 and a beta of 0.85.

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

Institutional Trading of KBR

Large investors have recently bought and sold shares of the company. Pier 88 Investment Partners LLC grew its stake in KBR by 25.9% in the third quarter. Pier 88 Investment Partners LLC now owns 50,710 shares of the construction company’s stock worth $3,303,000 after purchasing an additional 10,420 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of KBR in the 3rd quarter worth about $771,000. Franklin Resources Inc. increased its stake in shares of KBR by 14.5% in the 3rd quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock worth $167,876,000 after acquiring an additional 305,889 shares in the last quarter. Asset Management One Co. Ltd. purchased a new position in KBR during the 3rd quarter valued at about $1,928,000. Finally, Versor Investments LP bought a new stake in KBR during the third quarter worth about $1,954,000. 97.02% of the stock is owned by institutional investors.

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.