Wall Street Zen Upgrades KBR (NYSE:KBR) to “Buy”

KBR (NYSE:KBR) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Other equities research analysts have also issued research reports about the company. Citigroup dropped their price target on KBR from $62.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Bank of America lowered their target price on shares of KBR from $55.00 to $45.00 and set a “neutral” rating for the company in a research note on Thursday, November 13th. Truist Financial cut their price target on shares of KBR from $62.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Wells Fargo & Company started coverage on shares of KBR in a report on Thursday, November 13th. They issued an “equal weight” rating and a $45.00 price target for the company. Finally, Oppenheimer started coverage on shares of KBR in a report on Tuesday, December 2nd. They set an “outperform” rating and a $60.00 price objective on the stock. Five research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, KBR presently has an average rating of “Hold” and a consensus target price of $58.00.

KBR Trading Up 0.7%

NYSE:KBR opened at $40.47 on Friday. The firm has a 50 day moving average of $41.85 and a 200 day moving average of $45.76. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.74. KBR has a 52 week low of $39.52 and a 52 week high of $60.98. The stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 1.00 and a beta of 0.52.

KBR (NYSE:KBR) last issued its quarterly earnings data on Wednesday, October 29th. The construction company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.95 by $0.07. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.99 billion. KBR had a return on equity of 35.14% and a net margin of 4.71%.The business’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.84 EPS. As a group, sell-side analysts anticipate that KBR will post 3.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On KBR

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. lifted its holdings in shares of KBR by 207.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 594 shares of the construction company’s stock valued at $28,000 after buying an additional 401 shares during the period. EverSource Wealth Advisors LLC raised its position in KBR by 432.5% during the second quarter. EverSource Wealth Advisors LLC now owns 607 shares of the construction company’s stock valued at $29,000 after acquiring an additional 493 shares in the last quarter. Bessemer Group Inc. lifted its holdings in KBR by 75.8% in the second quarter. Bessemer Group Inc. now owns 617 shares of the construction company’s stock valued at $30,000 after acquiring an additional 266 shares during the period. FNY Investment Advisers LLC purchased a new stake in KBR in the 3rd quarter worth approximately $32,000. Finally, Byrne Asset Management LLC acquired a new stake in shares of KBR during the 2nd quarter worth approximately $41,000. 97.02% of the stock is owned by institutional investors and hedge funds.

About KBR

KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support.

The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise.