Stifel Nicolaus Raises KBR (NYSE:KBR) Price Target to $83.00

KBR (NYSE:KBR) had its target price boosted by analysts at Stifel Nicolaus from $80.00 to $83.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 29.69% from the company’s current price.

Several other research firms have also commented on KBR. StockNews.com upgraded KBR from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. Truist Financial upped their price objective on shares of KBR from $72.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. UBS Group decreased their target price on shares of KBR from $65.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday, February 2nd. Citigroup upped their price target on shares of KBR from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday. Finally, KeyCorp lifted their price target on shares of KBR from $63.00 to $65.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $73.43.

KBR Price Performance

Shares of NYSE KBR traded up $0.88 during trading on Tuesday, reaching $64.00. The company had a trading volume of 550,453 shares, compared to its average volume of 1,291,510. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.29. KBR has a twelve month low of $49.37 and a twelve month high of $65.87. The stock has a 50-day moving average price of $60.96 and a two-hundred day moving average price of $56.78. The stock has a market capitalization of $8.62 billion, a PE ratio of -31.24, a price-to-earnings-growth ratio of 1.33 and a beta of 0.95.

KBR (NYSE:KBR) last released its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.69 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.69. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.78 billion. KBR had a negative net margin of 3.81% and a positive return on equity of 25.08%. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the company earned $0.69 EPS. As a group, sell-side analysts predict that KBR will post 3.19 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Jennifer Myles sold 8,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $58.95, for a total transaction of $471,600.00. Following the transaction, the executive vice president now directly owns 38,524 shares of the company’s stock, valued at $2,270,989.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.08% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Rise Advisors LLC acquired a new stake in KBR during the 1st quarter valued at approximately $25,000. CWM LLC increased its stake in shares of KBR by 113.6% in the third quarter. CWM LLC now owns 814 shares of the construction company’s stock worth $48,000 after buying an additional 433 shares during the last quarter. Ronald Blue Trust Inc. raised its holdings in KBR by 91.4% in the third quarter. Ronald Blue Trust Inc. now owns 1,064 shares of the construction company’s stock valued at $69,000 after acquiring an additional 508 shares in the last quarter. International Assets Investment Management LLC acquired a new position in KBR during the 4th quarter worth $64,000. Finally, Headlands Technologies LLC bought a new stake in shares of KBR in the 4th quarter worth about $65,000. Institutional investors and hedge funds own 97.02% of the company’s stock.

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.