KBR, Inc. (NYSE:KBR) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of KBR, Inc. (NYSE:KBR) have been given an average rating of “Moderate Buy” by the seven brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $78.00.

Several equities analysts recently issued reports on the company. StockNews.com lowered KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. KeyCorp lowered their price objective on shares of KBR from $78.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. DA Davidson reaffirmed a “buy” rating and set a $84.00 target price on shares of KBR in a research note on Tuesday, November 19th. TD Cowen decreased their price target on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Finally, Citigroup cut their price objective on KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th.

KBR Stock Down 2.4 %

Shares of NYSE KBR opened at $54.46 on Monday. 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 business’s 50 day moving average is $58.39 and its two-hundred day moving average is $63.30. KBR has a 52-week low of $51.95 and a 52-week high of $72.60. The firm has a market cap of $7.26 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 0.92 and a beta of 0.85.

Hedge Funds Weigh In On KBR

Institutional investors and hedge funds have recently modified their holdings of the company. Creative Planning lifted its holdings in KBR by 20.5% during the 2nd quarter. Creative Planning now owns 7,373 shares of the construction company’s stock worth $473,000 after buying an additional 1,255 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in KBR during the second quarter worth approximately $230,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in KBR in the second quarter valued at approximately $1,244,000. CWM LLC increased its stake in KBR by 524.7% in the third quarter. CWM LLC now owns 5,104 shares of the construction company’s stock valued at $332,000 after purchasing an additional 4,287 shares during the last quarter. Finally, A. D. Beadell Investment Counsel Inc. raised its holdings in KBR by 54.4% during the third quarter. A. D. Beadell Investment Counsel Inc. now owns 22,325 shares of the construction company’s stock worth $1,454,000 after purchasing an additional 7,870 shares in the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

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.