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

KBR (NYSE:KBR) had its price objective decreased by analysts at KeyCorp from $78.00 to $70.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the construction company’s stock. KeyCorp’s price target would indicate a potential upside of 22.19% from the company’s previous close.

Several other equities research analysts have also issued reports on the company. TD Cowen dropped their price target on KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research report on Wednesday. Citigroup lifted their price target on shares of KBR from $76.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. UBS Group increased their price objective 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 restated a “buy” rating and issued a $84.00 target price on shares of KBR in a research note on Tuesday, November 19th. Finally, StockNews.com cut 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 given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $78.86.

KBR Stock Down 0.9 %

KBR traded down $0.52 on Wednesday, reaching $57.29. The company’s stock had a trading volume of 1,026,088 shares, compared to its average volume of 1,067,193. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. KBR has a 1 year low of $51.60 and a 1 year high of $72.60. The business’s 50 day moving average is $61.20 and its 200 day moving average is $64.16. The stock has a market cap of $7.63 billion, a price-to-earnings ratio of 24.07, a price-to-earnings-growth ratio of 1.16 and a beta of 0.85.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Empyrean Capital Partners LP bought a new position in KBR during the 2nd quarter valued at $47,274,000. D. E. Shaw & Co. Inc. lifted its holdings in shares of KBR by 29.4% in the second quarter. D. E. Shaw & Co. Inc. now owns 2,286,779 shares of the construction company’s stock valued at $146,674,000 after buying an additional 520,207 shares during the period. Wolf Hill Capital Management LP lifted its holdings in shares of KBR by 37.1% in the second quarter. Wolf Hill Capital Management LP now owns 1,877,497 shares of the construction company’s stock valued at $120,423,000 after buying an additional 507,800 shares during the period. Jennison Associates LLC boosted its stake in KBR by 27.8% during the third quarter. Jennison Associates LLC now owns 1,621,740 shares of the construction company’s stock valued at $105,624,000 after buying an additional 353,209 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in KBR by 14.5% during the third 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 during the period. 97.02% of the stock is owned by institutional investors and hedge funds.

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.