KeyCorp Lowers KBR (NYSE:KBR) Price Target to $67.00

KBR (NYSE:KBR) had its target price decreased by equities researchers at KeyCorp from $70.00 to $67.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the construction company’s stock. KeyCorp’s price target points to a potential upside of 39.90% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. DA Davidson reaffirmed a “buy” rating and set a $84.00 price objective on shares of KBR in a report on Tuesday, November 19th. TD Cowen dropped their price target on shares of KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Citigroup cut their price objective on shares of KBR from $82.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, UBS Group boosted their target price on shares of KBR from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, KBR has an average rating of “Moderate Buy” and an average target price of $75.88.

KBR Trading Down 0.7 %

Shares of KBR stock opened at $47.89 on Tuesday. 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 cap of $6.38 billion, a P/E ratio of 20.12, a PEG ratio of 0.86 and a beta of 0.83. The company has a 50 day moving average of $55.67 and a 200-day moving average of $61.60. KBR has a 12-month low of $47.16 and a 12-month high of $72.60.

KBR (NYSE:KBR) last released its earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. KBR had a return on equity of 28.87% and a net margin of 4.35%. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2 billion. Sell-side analysts anticipate that KBR will post 3.26 earnings per share for the current year.

Institutional Investors Weigh In On KBR

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of KBR by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 12,790,454 shares of the construction company’s stock valued at $740,951,000 after acquiring an additional 68,588 shares during the last quarter. State Street Corp lifted its position in KBR by 0.7% during the third quarter. State Street Corp now owns 4,016,324 shares of the construction company’s stock valued at $262,185,000 after purchasing an additional 29,833 shares during the last quarter. Boston Partners grew its stake in KBR by 12,326.4% in the 4th quarter. Boston Partners now owns 3,242,416 shares of the construction company’s stock worth $188,098,000 after buying an additional 3,216,323 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of KBR by 18.7% in the 4th quarter. Franklin Resources Inc. now owns 2,868,418 shares of the construction company’s stock worth $166,167,000 after buying an additional 451,887 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of KBR by 87.2% during the 4th quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company’s stock valued at $162,503,000 after buying an additional 1,307,033 shares in the last quarter. 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.