KBR, Inc. (NYSE:KBR) Stock Has Consensus Target Price of $44.83 According to Analysts

Key Points

• Analysts have a consensus “Hold” rating on KBR, with five holds and three buys; their average 12-month price target is $44.83.
• KBR reported quarterly earnings of $1.12 per share, beating the $1.00 estimate, while revenue of $2.03 billion was slightly below forecasts; revenue increased 5% year over year.
• The company declared a quarterly dividend of $0.165 per share, equivalent to $0.66 annually and a 1.9% yield.

KBR, Inc. (NYSE:KBR - Get Free Report) has received a consensus recommendation of "Hold" from the eight analysts that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $44.83.

Several equities research analysts recently commented on KBR shares. Wall Street Zen raised shares of KBR from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Citigroup lowered their target price on KBR from $49.00 to $48.00 and set a "buy" rating for the company in a report on Friday, October 23rd. UBS Group lifted their price target on KBR from $36.00 to $41.00 and gave the company a "neutral" rating in a research note on Monday, August 10th. Oppenheimer dropped their price target on KBR from $60.00 to $50.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 22nd. Finally, Bank of America cut their price target on KBR from $45.00 to $40.00 and set a "neutral" rating on the stock in a report on Monday, July 20th.

Institutional Investors Weigh In On KBR

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in KBR during the second quarter valued at approximately $479,892,000. Engine Capital Management LP increased its position in shares of KBR by 1,129.3% during the 1st quarter. Engine Capital Management LP now owns 1,531,313 shares of the construction company's stock worth $56,444,000 after purchasing an additional 1,406,746 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of KBR during the 2nd quarter worth approximately $32,044,000. Bank of America Corp DE acquired a new position in shares of KBR during the 2nd quarter worth approximately $19,389,000. Finally, Amundi raised its stake in shares of KBR by 422.3% during the 2nd quarter. Amundi now owns 676,464 shares of the construction company's stock worth $23,358,000 after purchasing an additional 546,940 shares in the last quarter. Institutional investors own 97.02% of the company's stock.

KBR Stock Up 0.5%

NYSE KBR traded up $0.18 during trading hours on Friday, reaching $35.50. 2,079,000 shares of the company's stock were exchanged, compared to its average volume of 1,988,411. The company's 50-day moving average is $36.67 and its two-hundred day moving average is $36.90. KBR has a one year low of $29.94 and a one year high of $45.37. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 1.91 and a beta of 0.42.

KBR (NYSE:KBR - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The construction company reported $1.12 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.12. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.04 billion. KBR had a net margin of 5.65% and a return on equity of 31.66%. The business's revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.02 earnings per share. On average, analysts forecast that KBR will post 4.01 EPS for the current fiscal year.

KBR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Tuesday, December 15th will be issued a dividend of $0.1650 per share. The ex-dividend date is Tuesday, December 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.9%. KBR's dividend payout ratio (DPR) is presently 18.97%.

About KBR

KBR, Inc. is a global provider of engineering, technology and professional services. The company serves government and commercial customers through two main businesses: Government Solutions and Sustainable Technology Solutions. Government Solutions supports defense, intelligence, space and civilian agencies with services that include mission support, logistics, science and technology, and operations and maintenance. Sustainable Technology Solutions provides engineering, consulting and project services for energy, chemicals and other industrial markets, along with technologies related to lower-carbon energy and sustainable products.

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