KBR (NYSE:KBR) Lifted to “Buy” at StockNews.com

KBR (NYSE:KBRGet Free Report) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

A number of other research analysts have also recently issued reports on KBR. UBS Group decreased their price target on shares of KBR from $65.00 to $63.00 and set a “buy” rating for the company in a report on Friday, February 2nd. Citigroup increased their price objective on shares of KBR from $62.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Stifel Nicolaus restated a “buy” rating and set a $80.00 price target (up previously from $78.00) on shares of KBR in a research report on Wednesday, March 13th. Truist Financial reiterated a “buy” rating and issued a $72.00 target price on shares of KBR in a research report on Wednesday, March 13th. Finally, KeyCorp lifted their target price on shares of KBR from $63.00 to $65.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, KBR has a consensus rating of “Buy” and a consensus price target of $69.71.

Check Out Our Latest Analysis on KBR

KBR Stock Performance

Shares of NYSE KBR opened at $60.43 on Wednesday. KBR has a 52-week low of $49.37 and a 52-week high of $65.87. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.05 and a current ratio of 1.05. The firm’s fifty day moving average is $56.32 and its two-hundred day moving average is $56.27. The company has a market cap of $8.16 billion, a P/E ratio of -29.48, a P/E/G ratio of 1.22 and a beta of 0.95.

KBR (NYSE:KBRGet Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.69 earnings per share for the quarter, hitting the consensus estimate of $0.69. KBR had a negative net margin of 3.81% and a positive return on equity of 25.08%. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter in the prior year, the company earned $0.69 EPS. The company’s revenue was up 7.6% compared to the same quarter last year. As a group, analysts anticipate that KBR will post 3.19 EPS for the current fiscal year.

Insider Transactions at KBR

In related news, EVP Jennifer Myles sold 8,000 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $58.95, for a total value of $471,600.00. Following the sale, the executive vice president now directly owns 38,524 shares of the company’s stock, valued at approximately $2,270,989.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.03% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. VisionPoint Advisory Group LLC acquired a new stake in shares of KBR during the second quarter worth approximately $27,000. Fred Alger Management LLC purchased a new position in KBR in the 3rd quarter worth about $36,000. Spire Wealth Management increased its stake in KBR by 110.6% in the 2nd quarter. Spire Wealth Management now owns 697 shares of the construction company’s stock worth $45,000 after purchasing an additional 366 shares in the last quarter. CWM LLC grew its stake in KBR by 113.6% during the 3rd quarter. CWM LLC now owns 814 shares of the construction company’s stock valued at $48,000 after acquiring an additional 433 shares in the last quarter. Finally, Belpointe Asset Management LLC grew its stake in KBR by 35.5% during the 1st quarter. Belpointe Asset Management LLC now owns 871 shares of the construction company’s stock valued at $48,000 after acquiring an additional 228 shares in the last quarter.

KBR Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for KBR (NYSE:KBR)

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