KeyCorp Has Lowered Expectations for KBR (NYSE:KBR) Stock Price

KBR (NYSE:KBR) had its price target cut by KeyCorp from $70.00 to $67.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the construction company’s stock. KeyCorp’s price target would suggest a potential upside of 30.75% from the stock’s previous close.

KBR has been the subject of a number of other research reports. TD Cowen dropped their target price on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. UBS Group raised their price objective on shares of KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. DA Davidson reaffirmed a “buy” rating and set a $84.00 price target on shares of KBR in a research note on Tuesday, November 19th. Finally, Citigroup dropped their price objective on shares of KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, KBR has an average rating of “Moderate Buy” and a consensus price target of $77.57.

KBR Stock Performance

Shares of KBR stock opened at $51.24 on Tuesday. 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 market capitalization of $6.83 billion, a P/E ratio of 21.53, a P/E/G ratio of 0.86 and a beta of 0.83. The business has a fifty day simple moving average of $55.99 and a two-hundred day simple moving average of $61.81. KBR has a 12 month low of $47.55 and a 12 month high of $72.60.

KBR (NYSE:KBR) last announced its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. KBR had a net margin of 4.35% and a return on equity of 28.87%. The company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2 billion. On average, equities analysts forecast that KBR will post 3.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On KBR

Institutional investors have recently bought and sold shares of the company. Boston Partners lifted its holdings in KBR by 12,326.4% in the fourth quarter. Boston Partners now owns 3,242,416 shares of the construction company’s stock valued at $188,098,000 after acquiring an additional 3,216,323 shares during the last quarter. Norges Bank purchased a new position in shares of KBR in the 4th quarter valued at about $104,033,000. Bank of New York Mellon Corp lifted its position in KBR by 87.2% in the fourth quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company’s stock valued at $162,503,000 after acquiring an additional 1,307,033 shares during the last quarter. Wellington Management Group LLP lifted its stake in KBR by 240.2% in the fourth quarter. Wellington Management Group LLP now owns 1,653,299 shares of the construction company’s stock valued at $95,776,000 after buying an additional 1,167,282 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its holdings in shares of KBR by 444.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,247,506 shares of the construction company’s stock worth $72,268,000 after buying an additional 1,018,539 shares during the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

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.