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

KBR (NYSE:KBR) had its price objective raised by analysts at Stifel Nicolaus from $80.00 to $83.00 in a research 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 28.92% from the company’s current price.

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

KBR Stock Performance

KBR stock opened at $64.38 on Tuesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a fifty day moving average of $61.39 and a two-hundred day moving average of $56.87. The company has a market capitalization of $8.67 billion, a price-to-earnings ratio of -31.40, a PEG ratio of 1.34 and a beta of 0.95. KBR has a fifty-two week low of $49.37 and a fifty-two week high of $65.87.

KBR (NYSE:KBR) last released its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.69 earnings per share for the quarter, hitting the consensus estimate of $0.69. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.78 billion. KBR had a positive return on equity of 25.08% and a negative net margin of 3.81%. KBR’s revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 earnings per share. On average, analysts anticipate that KBR will post 3.19 EPS for the current fiscal year.

Insider Activity at KBR

In related news, EVP Jennifer Myles sold 8,000 shares of KBR 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 in the company, valued at $2,270,989.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.08% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KBR. Assenagon Asset Management S.A. acquired a new position in shares of KBR during the first quarter worth about $8,334,000. Louisiana State Employees Retirement System lifted its stake in shares of KBR by 2.6% during the first quarter. Louisiana State Employees Retirement System now owns 38,900 shares of the construction company’s stock worth $2,476,000 after purchasing an additional 1,000 shares in the last quarter. Rational Advisors LLC acquired a new position in shares of KBR during the first quarter worth about $3,088,000. PFG Investments LLC acquired a new position in shares of KBR during the first quarter worth about $332,000. Finally, Norden Group LLC lifted its stake in shares of KBR by 1,030.1% during the first quarter. Norden Group LLC now owns 74,200 shares of the construction company’s stock worth $4,723,000 after purchasing an additional 67,634 shares in the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

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.