KBR (NYSE:KBR – Get Free Report) will post its quarterly earnings results before the market opens on Tuesday, February 20th. Analysts expect KBR to post earnings of $0.68 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.
KBR Stock Performance
NYSE KBR opened at $53.97 on Tuesday. The business has a 50 day simple moving average of $53.75 and a two-hundred day simple moving average of $56.59. KBR has a 1-year low of $49.37 and a 1-year high of $65.87. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $7.29 billion, a PE ratio of -34.16, a P/E/G ratio of 1.28 and a beta of 0.94.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the stock. KeyCorp initiated coverage on shares of KBR in a report on Wednesday, January 10th. They issued an “overweight” rating and a $63.00 target price for the company. UBS Group cut their target price on KBR from $65.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, February 2nd. The Goldman Sachs Group decreased their price target on KBR from $75.00 to $66.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. StockNews.com lowered KBR from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Finally, Citigroup boosted their target price on shares of KBR from $62.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, January 26th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $67.71.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in KBR during the fourth quarter valued at about $84,561,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of KBR by 9,478.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,303,373 shares of the construction company’s stock valued at $71,334,000 after buying an additional 1,289,765 shares in the last quarter. Alyeska Investment Group L.P. grew its position in shares of KBR by 8,845.0% in the 1st quarter. Alyeska Investment Group L.P. now owns 813,372 shares of the construction company’s stock worth $44,776,000 after buying an additional 804,279 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of KBR during the 1st quarter worth approximately $22,631,000. Finally, Point72 Asset Management L.P. purchased a new stake in KBR during the fourth quarter valued at approximately $10,835,000.
KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. The company 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.
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