KBR (NYSE:KBR) Stock Price Target Cut by Citigroup

Key Points

• Citigroup lowered KBR’s price target from $49 to $48 while maintaining a “buy” rating, implying 22.12% potential upside from the reported $39.31 share price.
• Analyst sentiment is mixed: three analysts rate KBR a Buy and five rate it a Hold, producing a consensus “Hold” rating and an average price target of $44.83.
• KBR exceeded quarterly expectations, reporting $0.99 EPS versus a $0.90 estimate and $1.98 billion in revenue versus $1.87 billion expected; institutional investors own 97.02% of its shares.

KBR (NYSE:KBR - Get Free Report) had its price objective cut by Citigroup from $49.00 to $48.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a "buy" rating on the construction company's stock. Citigroup's target price indicates a potential upside of 22.12% from the company's current price.

A number of other research analysts have also recently commented on the company. Weiss Ratings upgraded KBR from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, September 3rd. UBS Group raised their target price on KBR from $36.00 to $41.00 and gave the company a "neutral" rating in a report on Monday, August 10th. Wall Street Zen upgraded KBR from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. Bank of America lowered their price objective on shares of KBR from $45.00 to $40.00 and set a "neutral" rating for the company in a research report on Monday, July 20th. Finally, Oppenheimer dropped their price objective on shares of KBR from $60.00 to $50.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 22nd. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $44.83.

KBR Trading Down 0.6%

KBR traded down $0.22 on Friday, reaching $39.31. 563,752 shares of the company's stock were exchanged, compared to its average volume of 1,575,739. The company's 50 day moving average is $36.42 and its 200-day moving average is $35.67. The company has a market cap of $4.96 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 2.01 and a beta of 0.47. KBR has a twelve month low of $29.94 and a twelve month high of $45.37. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.15 and a current ratio of 1.15.

KBR (NYSE:KBR - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The construction company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.90 by $0.09. KBR had a net margin of 5.49% and a return on equity of 32.55%. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the firm posted $0.91 earnings per share. KBR's revenue for the quarter was up 1.6% compared to the same quarter last year. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. Equities analysts predict that KBR will post 4.01 earnings per share for the current year.

Institutional Investors Weigh In On KBR

A number of institutional investors have recently modified their holdings of KBR. Allworth Financial LP acquired a new position in KBR in the second quarter worth about $27,000. Reyes Financial Architecture Inc. acquired a new stake in shares of KBR during the 3rd quarter valued at approximately $31,000. Anchor Investment Management LLC lifted its stake in KBR by 27.5% during the first quarter. Anchor Investment Management LLC now owns 1,275 shares of the construction company's stock worth $47,000 after purchasing an additional 275 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in KBR by 48.3% during the third quarter. Farther Finance Advisors LLC now owns 1,570 shares of the construction company's stock worth $55,000 after purchasing an additional 511 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. acquired a new position in KBR in the second quarter worth $65,000. Institutional investors and hedge funds own 97.02% of the company's stock.

KBR Company Profile

KBR, Inc is a global engineering, science and technology company that provides solutions to government and commercial customers. Its services include program management, engineering and integration, consulting, mission operations, logistics, cybersecurity, digital transformation and technical support.

Through its Government Solutions business, KBR supports defense, intelligence, space, civil government and national security programs. The company provides mission support, research and development, systems engineering, training, operations and maintenance services to government agencies and other public-sector customers.

KBR's Sustainable Technology Solutions business serves energy, chemicals and industrial customers with technology licensing, engineering, project delivery and consulting services.

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