KeyCorp Cuts KBR (NYSE:KBR) Price Target to $70.00

KBR (NYSE:KBR) had its price objective dropped by stock analysts at KeyCorp from $78.00 to $70.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. KeyCorp’s price objective indicates a potential upside of 22.19% from the company’s current price.

Several other analysts have also recently commented on the stock. TD Cowen decreased their price target on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a report on Wednesday. StockNews.com lowered shares of KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. Citigroup upped their price target on shares of KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. UBS Group raised their price objective on shares of KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, DA Davidson reissued a “buy” rating and set a $84.00 target price on shares of KBR in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $78.86.

KBR Stock Down 0.9 %

NYSE:KBR traded down $0.52 during trading hours on Wednesday, hitting $57.29. 1,026,088 shares of the stock traded hands, compared to its average volume of 1,067,193. The firm has a 50 day moving average price of $61.20 and a 200 day moving average price of $64.16. The firm has a market cap of $7.63 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 1.16 and a beta of 0.85. KBR has a fifty-two week low of $51.60 and a fifty-two week high of $72.60. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69.

KBR (NYSE:KBR) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share for the quarter, meeting the consensus estimate of $0.84. KBR had a return on equity of 28.87% and a net margin of 4.35%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the firm earned $0.75 earnings per share. KBR’s quarterly revenue was up 10.0% on a year-over-year basis. Equities research analysts anticipate that KBR will post 3.27 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Arizona State Retirement System raised its holdings in KBR by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 37,814 shares of the construction company’s stock valued at $2,425,000 after acquiring an additional 712 shares in the last quarter. Texas Permanent School Fund Corp increased its holdings in KBR by 8.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 128,362 shares of the construction company’s stock valued at $8,233,000 after buying an additional 10,208 shares during the period. Coldstream Capital Management Inc. raised its stake in shares of KBR by 2.1% in the 2nd quarter. Coldstream Capital Management Inc. now owns 34,439 shares of the construction company’s stock valued at $2,209,000 after buying an additional 720 shares in the last quarter. Headlands Technologies LLC lifted its holdings in shares of KBR by 17.2% during the 2nd quarter. Headlands Technologies LLC now owns 6,897 shares of the construction company’s stock worth $442,000 after acquiring an additional 1,012 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of KBR by 8.8% during the 2nd quarter. American Century Companies Inc. now owns 22,477 shares of the construction company’s stock valued at $1,442,000 after acquiring an additional 1,809 shares in the last quarter. 97.02% of the stock is owned by 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.