KBR (NYSE:KBR) Price Target Increased to $84.00 by Analysts at Stifel Nicolaus

KBR (NYSE:KBR) had its price target hoisted by investment analysts at Stifel Nicolaus from $83.00 to $84.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Stifel Nicolaus’ target price points to a potential upside of 25.41% from the company’s current price.

A number of other research analysts also recently weighed in on the company. Citigroup increased their target price on KBR from $66.00 to $72.00 and gave the company a “buy” rating in a report on Monday, April 22nd. StockNews.com upgraded KBR from a “hold” rating to a “buy” rating in a report on Wednesday, March 20th. KeyCorp raised their price target on KBR from $63.00 to $65.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st. UBS Group cut their price target on KBR from $65.00 to $63.00 and set a “buy” rating for the company in a report on Friday, February 2nd. Finally, Truist Financial boosted their target price on KBR from $72.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, KBR presently has an average rating of “Buy” and an average target price of $74.00.

KBR Trading Up 0.7 %

KBR stock traded up $0.49 during midday trading on Thursday, hitting $66.98. The company had a trading volume of 83,547 shares, compared to its average volume of 1,309,332. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.30. KBR has a 52 week low of $49.37 and a 52 week high of $68.68. The stock’s 50 day moving average price is $63.04 and its 200 day moving average price is $57.24. The stock has a market cap of $8.99 billion, a price-to-earnings ratio of -34.94, a PEG ratio of 1.29 and a beta of 0.92.

KBR (NYSE:KBR) last announced its earnings results on Tuesday, April 30th. The construction company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.78 billion. KBR had a positive return on equity of 26.14% and a negative net margin of 3.65%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 earnings per share. As a group, equities research analysts expect that KBR will post 3.21 earnings per share for the current fiscal year.

Insider Buying and Selling at KBR

In other KBR news, EVP Jennifer Myles sold 8,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $58.95, for a total value of $471,600.00. Following the transaction, the executive vice president now owns 38,524 shares of the company’s stock, valued at approximately $2,270,989.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.08% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On KBR

Several hedge funds have recently made changes to their positions in KBR. Norges Bank purchased a new stake in shares of KBR in the 4th quarter worth $77,193,000. Schonfeld Strategic Advisors LLC lifted its stake in shares of KBR by 1,313.2% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 463,087 shares of the construction company’s stock worth $27,294,000 after purchasing an additional 430,318 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in shares of KBR by 344.6% during the 3rd quarter. Qube Research & Technologies Ltd now owns 545,554 shares of the construction company’s stock worth $32,155,000 after purchasing an additional 422,856 shares during the last quarter. Freshford Capital Management LLC lifted its stake in shares of KBR by 55.5% during the 4th quarter. Freshford Capital Management LLC now owns 966,610 shares of the construction company’s stock worth $53,560,000 after purchasing an additional 344,800 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of KBR by 12.1% during the 4th quarter. Franklin Resources Inc. now owns 3,084,559 shares of the construction company’s stock worth $170,915,000 after purchasing an additional 331,749 shares during the last quarter. 97.02% of the stock is currently owned by hedge funds and other 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.