TD Cowen Issues Pessimistic Forecast for KBR (NYSE:KBR) Stock Price

KBR (NYSE:KBR) had its price target lowered by investment analysts at TD Cowen from $72.00 to $64.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the construction company’s stock. TD Cowen’s price objective indicates a potential upside of 12.10% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the company. KeyCorp lifted their price target on KBR from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Citigroup increased their price target on KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. UBS Group upped their target price on shares of KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. DA Davidson reissued a “buy” rating and set a $84.00 price target on shares of KBR in a research report on Tuesday, November 19th. Finally, StockNews.com downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $80.00.

KBR Trading Down 1.2 %

KBR stock traded down $0.72 during trading hours on Wednesday, reaching $57.09. 806,193 shares of the company’s stock were exchanged, compared to its average volume of 1,020,415. The firm’s 50 day simple moving average is $61.20 and its 200 day simple moving average is $64.16. KBR has a twelve month low of $51.60 and a twelve month 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 firm has a market capitalization of $7.61 billion, a PE ratio of 23.99, a PEG 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, hitting the consensus estimate of $0.84. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.95 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 EPS. Research analysts predict that KBR will post 3.27 earnings per share for the current year.

Hedge Funds Weigh In On KBR

Hedge funds and other institutional investors have recently modified their holdings of the stock. True Wealth Design LLC bought a new stake in shares of KBR in the 3rd quarter worth approximately $26,000. Quarry LP lifted its position in KBR by 454.7% in 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 in the last quarter. Eastern Bank purchased a new stake in KBR during the 3rd quarter valued at $65,000. Daiwa Securities Group Inc. bought a new stake in shares of KBR in the 3rd quarter worth $111,000. Finally, Blue Trust Inc. raised its stake in shares of KBR by 32.2% in 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. Hedge funds and other institutional investors own 97.02% of the company’s stock.

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.