UBS Group Raises KBR (NYSE:KBR) Price Target to $78.00

KBR (NYSE:KBR) had its price target boosted by equities researchers at UBS Group from $77.00 to $78.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. UBS Group’s target price indicates a potential upside of 16.40% from the stock’s previous close.

A number of other analysts have also commented on the stock. KeyCorp lifted their price target on shares of KBR from $73.00 to $75.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Citigroup boosted their target price on shares of KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. TD Cowen downgraded KBR from a “buy” rating to a “hold” rating and set a $72.00 price target on the stock. in a research note on Friday, September 6th. StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th. Finally, DA Davidson raised their target price on KBR from $78.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, KBR currently has an average rating of “Moderate Buy” and an average target price of $78.88.

KBR Stock Down 1.9 %

Shares of NYSE:KBR opened at $67.01 on Wednesday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $8.93 billion, a PE ratio of 28.16, a P/E/G ratio of 1.36 and a beta of 0.90. The stock’s 50-day moving average is $66.29 and its 200 day moving average is $65.47. KBR has a 1 year low of $49.37 and a 1 year high of $71.38.

KBR (NYSE:KBR) last posted its earnings results on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, hitting analysts’ consensus estimates of $0.84. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.95 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 EPS. Sell-side analysts anticipate that KBR will post 3.26 EPS for the current year.

Insider Buying and Selling

In other KBR news, insider Jalal Ibrahim sold 35,000 shares of KBR stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the transaction, the insider now owns 106,550 shares of the company’s stock, valued at $7,091,968. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.08% of the stock is currently owned by insiders.

Hedge Funds Weigh In On KBR

Large investors have recently made changes to their positions in the business. Larson Financial Group LLC grew its position in shares of KBR by 2,029.2% during the second quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock worth $33,000 after purchasing an additional 487 shares in the last quarter. CWM LLC grew its holdings in KBR by 39.4% during the 2nd quarter. CWM LLC now owns 817 shares of the construction company’s stock valued at $52,000 after buying an additional 231 shares in the last quarter. Quarry LP raised its position in shares of KBR by 454.7% during the second quarter. Quarry LP now owns 821 shares of the construction company’s stock valued at $53,000 after buying an additional 673 shares during the last quarter. Eastern Bank purchased a new position in shares of KBR in the third quarter worth $65,000. Finally, Fifth Third Bancorp boosted its position in shares of KBR by 17.5% during the second quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock worth $77,000 after acquiring an additional 179 shares during the last quarter. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

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.