KBR (KBR) – Research Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for KBR (NYSE: KBR):

  • 5/20/2019 – KBR was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “KBR’s first-quarter 2019 earnings and revenues exceeded analysts’ expectation by 9.1% and 11.9%, respectively. Notably, industry-leading organic growth of 22% in Government Services and 48% in Technology business led to the company’s impressive performance. The growth was attributable to ongoing improvement in KBR’s overseas logistics and mission support programs, given higher military exercise activities, the acquisition of SGT, and consolidation of Aspire. Shares of KBR have outperformed the industry year to date. Estimates have remianed stable for 2019 but increased for 2020 over the past 30 days. However, risk of cost overruns, intense competition and dependency upon major construction contracts pose concerns.”
  • 5/10/2019 – KBR was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $26.00 price target on the stock. According to Zacks, “KBR’s first-quarter 2019 earnings and revenues exceeded analysts’ expectation by 9.1% and 11.9%, respectively. Notably, industry-leading organic growth of 22% in Government Services and 48% in Technology business led to the company’s impressive performance. The growth was attributable to ongoing improvement in KBR’s overseas logistics and mission support programs, given higher military exercise activities, the acquisition of SGT, and consolidation of Aspire. Shares of KBR have outperformed the industry year to date. Estimates for 2019 have moved north over the past seven days, reflecting analysts’ optimism over the company's bottom-line growth potential. However, risk of cost overruns, intense competition and dependency upon major construction contracts pose concerns.”
  • 5/9/2019 – KBR was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “KBR’s first-quarter 2019 earnings and revenues exceeded analysts’ expectation by 9.1% and 11.9%, respectively. Notably, industry-leading organic growth of 22% in Government Services and 48% in Technology business led to the company’s impressive performance. The growth was attributable to ongoing improvement in KBR’s overseas logistics and mission support programs, given higher military exercise activities, the acquisition of SGT, and consolidation of Aspire. Shares of KBR have outperformed the industry year to date. Estimates for 2019 have moved north over the past seven days, reflecting analysts’ optimism over the company's bottom-line growth potential. However, risk of cost overruns, intense competition and dependency upon major construction contracts pose concerns.”
  • 5/6/2019 – KBR had its price target raised by analysts at KeyCorp from $24.00 to $30.00. They now have an “overweight” rating on the stock.
  • 5/3/2019 – KBR was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $25.00 price target on the stock. According to Zacks, “KBR’s first-quarter 2019 earnings and revenues exceeded analysts’ expectation by 9.1% and 11.9%, respectively. Notably, industry-leading organic growth of 22% in Government Services and 48% in Technology business led to the company’s impressive performance. The growth was attributable to ongoing improvement in KBR’s overseas logistics and mission support programs, given higher military exercise activities, the acquisition of SGT, and consolidation of Aspire. Shares of KBR have outperformed the industry in the past three months. However, risk of cost overruns, intense competition and dependency upon major construction contracts pose concerns. Estimates for 2019 have moved south over the past 60 days, reflecting analysts’ concern over the company's bottom-line growth potential.”
  • 5/2/2019 – KBR was given a new $24.00 price target on by analysts at Deutsche Bank AG. They now have a “hold” rating on the stock.
  • 5/2/2019 – KBR was given a new $25.00 price target on by analysts at Macquarie. They now have a “hold” rating on the stock.
  • 5/1/2019 – KBR was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 4/15/2019 – KBR had its “hold” rating reaffirmed by analysts at Cowen Inc. They now have a $23.00 price target on the stock.
  • 4/10/2019 – KBR was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating.
  • 4/2/2019 – KBR was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $22.00 price target on the stock. According to Zacks, “Shares of KBR have gained 27.9% over the past three months. Earnings estimates for 2019 have moved north over the past 60 days, reflecting analysts’ optimism over the company's bottom-line growth potential. Its performance was backed by robust contribution from Government Services and Technology businesses, courtesy of ongoing growth in KBR’s overseas logistics and mission support programs, with higher military exercise activities. Meanwhile, incremental revenues and accretive earnings from the acquisition of SGT, and consolidation of Aspire added to the positives. Importantly, KBR provided a solid 2019 guidance on the back of stellar performance and an anticipated positive outlook across the business. Its significant increase in backlog level in the technology segment positions it well for future expansion. However, risk of cost overruns, intense competition and dependency upon major construction contracts pose concerns.”
  • 3/25/2019 – KBR was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.

Shares of KBR stock traded up $0.34 on Friday, hitting $21.79. 526,461 shares of the company traded hands, compared to its average volume of 1,537,453. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a market cap of $3.15 billion, a P/E ratio of 14.24, a price-to-earnings-growth ratio of 1.49 and a beta of 1.51. KBR, Inc. has a 12-month low of $13.90 and a 12-month high of $23.72.

KBR (NYSE:KBR) last posted its quarterly earnings data on Wednesday, May 1st. The construction company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.03. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.20 billion. KBR had a net margin of 3.51% and a return on equity of 12.84%. On average, analysts predict that KBR, Inc. will post 1.66 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 17th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Friday, June 14th. KBR’s payout ratio is presently 20.92%.

In related news, insider Farhan Mujib sold 2,496 shares of KBR stock in a transaction on Monday, March 4th. The shares were sold at an average price of $20.00, for a total value of $49,920.00. Following the transaction, the insider now owns 138,576 shares in the company, valued at approximately $2,771,520. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John Derbyshire sold 5,460 shares of KBR stock in a transaction on Friday, March 1st. The stock was sold at an average price of $19.95, for a total transaction of $108,927.00. Following the completion of the transaction, the insider now owns 74,570 shares in the company, valued at approximately $1,487,671.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,634 shares of company stock worth $174,217. 0.92% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Loews Corp raised its position in KBR by 2.7% in the 1st quarter. Loews Corp now owns 25,471 shares of the construction company’s stock worth $486,000 after purchasing an additional 663 shares during the period. Neuburgh Advisers LLC grew its holdings in KBR by 5.3% in the 4th quarter. Neuburgh Advisers LLC now owns 17,006 shares of the construction company’s stock worth $258,000 after acquiring an additional 858 shares during the last quarter. Retirement Systems of Alabama grew its holdings in KBR by 0.5% in the 1st quarter. Retirement Systems of Alabama now owns 183,562 shares of the construction company’s stock worth $3,504,000 after acquiring an additional 908 shares during the last quarter. Advisor Group Inc. grew its holdings in KBR by 182.4% in the 1st quarter. Advisor Group Inc. now owns 1,624 shares of the construction company’s stock worth $31,000 after acquiring an additional 1,049 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in KBR by 2.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 56,351 shares of the construction company’s stock worth $855,000 after acquiring an additional 1,188 shares during the last quarter. Institutional investors own 97.74% of the company’s stock.

KBR, Inc provides professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries worldwide. The company operates through three segments: Government Services, Technology & Consulting, and Engineering & Construction. The Government Services segment offers life-cycle support solutions to defense, space, aviation, and other programs and missions for government agencies in the United States, the United Kingdom, and Australia.

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