KBR (NYSE:KBR) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Key Points

• Analysts at Stifel Nicolaus raised KBR's price target from $78.00 to $80.00, indicating a potential upside of 74.30% from the stock's previous close.
• KBR's stock has faced mixed ratings from various analysts, with four giving hold ratings and five issuing buy ratings.
• KBR's recent quarterly earnings showed a profit of $0.91 per share, surpassing estimates while reporting a 5.7% year-over-year revenue increase.

KBR (NYSE:KBR - Get Free Report) had its price target raised by equities research analysts at Stifel Nicolaus from $78.00 to $80.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the construction company's stock. Stifel Nicolaus' target price points to a potential upside of 74.30% from the stock's previous close.

KBR has been the subject of a number of other research reports. UBS Group cut KBR from a "buy" rating to a "neutral" rating and dropped their price target for the company from $66.00 to $54.00 in a research report on Wednesday, July 2nd. Wall Street Zen cut KBR from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 7th. The Goldman Sachs Group cut KBR from a "buy" rating to a "neutral" rating and set a $55.00 price objective for the company. in a research report on Tuesday, May 27th. KeyCorp cut KBR from an "overweight" rating to a "sector weight" rating in a research report on Monday, June 23rd. Finally, Citigroup lowered their price target on KBR from $77.00 to $69.00 and set a "buy" rating for the company in a report on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating and five have given 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 $66.13.

KBR Trading Down 1.8%

NYSE KBR traded down $0.84 during trading hours on Friday, reaching $45.90. The company had a trading volume of 406,726 shares, compared to its average volume of 1,533,165. The stock has a 50-day moving average of $49.30 and a 200 day moving average of $51.39. KBR has a 1-year low of $43.89 and a 1-year high of $72.60. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.89. The stock has a market capitalization of $5.95 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 0.87 and a beta of 0.74.

KBR (NYSE:KBR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.03. KBR had a net margin of 4.99% and a return on equity of 32.55%. The business had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $2.10 billion. During the same quarter in the prior year, the company earned $0.83 earnings per share. The business's quarterly revenue was up 5.7% on a year-over-year basis. As a group, research analysts anticipate that KBR will post 3.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other KBR news, CEO Stuart Bradie sold 20,000 shares of KBR stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $52.81, for a total transaction of $1,056,200.00. Following the transaction, the chief executive officer directly owned 802,361 shares in the company, valued at approximately $42,372,684.41. The trade was a 2.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.11% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. lifted its position in KBR by 4.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 58,859 shares of the construction company's stock valued at $2,822,000 after acquiring an additional 2,376 shares in the last quarter. MQS Management LLC bought a new position in KBR in the 2nd quarter valued at about $617,000. Avion Wealth bought a new position in KBR in the 2nd quarter valued at about $102,000. Bayforest Capital Ltd lifted its position in KBR by 109.3% in the 2nd quarter. Bayforest Capital Ltd now owns 12,785 shares of the construction company's stock valued at $613,000 after acquiring an additional 6,678 shares in the last quarter. Finally, CWM LLC lifted its position in KBR by 191.7% in the 2nd quarter. CWM LLC now owns 6,747 shares of the construction company's stock valued at $323,000 after acquiring an additional 4,434 shares in 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.

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