Citigroup Cuts KBR (NYSE:KBR) Price Target to $76.00

KBR (NYSE:KBR) had its target price trimmed by Citigroup from $82.00 to $76.00 in a research report report published on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

KBR has been the topic of a number of other reports. TD Cowen reduced their price target on shares of KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. KeyCorp reduced their target price on KBR from $78.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. DA Davidson reissued a “buy” rating and issued a $84.00 price objective on shares of KBR in a research report on Tuesday, November 19th. UBS Group lifted their price objective on shares of KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, StockNews.com downgraded KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $78.00.

KBR Price Performance

Shares of NYSE:KBR opened at $54.57 on Wednesday. KBR has a 12 month low of $51.95 and a 12 month high of $72.60. The stock has a market capitalization of $7.27 billion, a PE ratio of 22.93, a PEG ratio of 1.01 and a beta of 0.85. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The firm has a 50 day moving average of $58.62 and a 200-day moving average of $63.49.

Institutional Trading of KBR

Institutional investors and hedge funds have recently made changes to their positions in the company. True Wealth Design LLC bought a new position in KBR in the 3rd quarter valued at $26,000. UMB Bank n.a. grew its position in shares of KBR by 49.2% during the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock valued at $31,000 after purchasing an additional 175 shares in the last quarter. Quarry LP raised its holdings in shares of KBR by 454.7% in the 2nd quarter. Quarry LP now owns 821 shares of the construction company’s stock valued at $53,000 after acquiring an additional 673 shares in the last quarter. Eastern Bank bought a new position in shares of KBR in the 3rd quarter worth $65,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in KBR during the fourth quarter valued at about $68,000. Hedge funds and other institutional investors 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.