KBR (NYSE:KBR) Price Target Lowered to $45.00 at Bank of America

KBR (NYSE:KBR) had its target price lowered by investment analysts at Bank of America from $55.00 to $45.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the construction company’s stock. Bank of America‘s target price would suggest a potential upside of 5.82% from the company’s current price.

A number of other brokerages have also recently issued reports on KBR. Weiss Ratings reiterated a “hold (c-)” rating on shares of KBR in a research note on Wednesday, October 8th. Citigroup lowered their price target on KBR from $62.00 to $57.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Stifel Nicolaus increased their price objective on shares of KBR from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, August 1st. DA Davidson decreased their target price on shares of KBR from $72.00 to $65.00 and set a “buy” rating for the company in a report on Friday, August 1st. Finally, Truist Financial set a $62.00 price target on shares of KBR in a report on Thursday, October 30th. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $60.56.

KBR Trading Up 0.2%

Shares of NYSE KBR opened at $42.52 on Thursday. KBR has a 1 year low of $40.71 and a 1 year high of $72.11. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a 50-day moving average of $45.79 and a 200 day moving average of $48.82. The stock has a market cap of $5.40 billion, a P/E ratio of 15.41, a price-to-earnings-growth ratio of 0.85 and a beta of 0.68.

KBR (NYSE:KBR) last announced its earnings results on Thursday, October 30th. The construction company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.07. KBR had a net margin of 4.52% and a return on equity of 33.65%. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter last year, the firm earned $0.84 earnings per share. The business’s revenue for the quarter was down .3% on a year-over-year basis. As a group, sell-side analysts expect that KBR will post 3.26 EPS for the current fiscal year.

Hedge Funds Weigh In On KBR

Several hedge funds and other institutional investors have recently modified their holdings of KBR. Pembroke Management LTD lifted its holdings in KBR by 9.1% in the 2nd quarter. Pembroke Management LTD now owns 240,806 shares of the construction company’s stock worth $11,544,000 after purchasing an additional 19,995 shares in the last quarter. Cerity Partners LLC boosted its position in shares of KBR by 697.0% during the first quarter. Cerity Partners LLC now owns 27,314 shares of the construction company’s stock worth $1,361,000 after acquiring an additional 23,887 shares during the last quarter. Cetera Investment Advisers grew its stake in KBR by 22.1% during the first quarter. Cetera Investment Advisers now owns 8,453 shares of the construction company’s stock valued at $421,000 after acquiring an additional 1,531 shares in the last quarter. Hsbc Holdings PLC grew its stake in KBR by 11.7% during the first quarter. Hsbc Holdings PLC now owns 18,477 shares of the construction company’s stock valued at $919,000 after acquiring an additional 1,938 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in KBR in the 1st quarter valued at $1,081,000. 97.02% of the stock is owned by institutional investors.

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.