Citigroup Increases KBR (NYSE:KBR) Price Target to $72.00

KBR (NYSE:KBR) had its price target increased by Citigroup from $66.00 to $72.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Citigroup’s price objective indicates a potential upside of 12.15% from the stock’s previous close.

KBR has been the subject of a number of other reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $80.00 price objective (up from $78.00) on shares of KBR in a research report on Wednesday, March 13th. Truist Financial upped their price target 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. StockNews.com upgraded shares of KBR from a “hold” rating to a “buy” rating in a research report on Wednesday, March 20th. UBS Group reduced their price objective on KBR from $65.00 to $63.00 and set a “buy” rating for the company in a report on Friday, February 2nd. Finally, KeyCorp increased their target price on KBR from $63.00 to $65.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 21st. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $73.43.

KBR Stock Performance

Shares of KBR stock opened at $64.20 on Monday. The company has a fifty day moving average price of $61.18 and a two-hundred day moving average price of $56.81. KBR has a one year low of $49.37 and a one year high of $65.87. The stock has a market cap of $8.64 billion, a P/E ratio of -31.32, a P/E/G ratio of 1.33 and a beta of 0.95. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.05 and a quick ratio of 1.05.

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

Insiders Place Their Bets

In related news, EVP Jennifer Myles sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $58.95, for a total value of $471,600.00. Following the completion of the transaction, the executive vice president now owns 38,524 shares of the company’s stock, valued at $2,270,989.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.08% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Rise Advisors LLC bought a new position in KBR in the first quarter valued at about $25,000. CWM LLC increased its position in KBR by 113.6% during the 3rd quarter. CWM LLC now owns 814 shares of the construction company’s stock worth $48,000 after purchasing an additional 433 shares in the last quarter. International Assets Investment Management LLC bought a new position in KBR in the 4th quarter valued at approximately $64,000. Headlands Technologies LLC acquired a new stake in KBR in the fourth quarter valued at approximately $65,000. Finally, Ronald Blue Trust Inc. boosted its position 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 buying an additional 508 shares in the last quarter. 97.02% of the stock is owned by 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.