KBR (NYSE:KBR) Stock Rating Upgraded by Wall Street Zen

Key Points

• KBR has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, indicating a positive outlook for the stock.
• Research analysts have set a consensus price target for KBR at $62.78, with four analysts rating it as a "Buy" and six as "Hold."
• KBR's recent quarterly earnings showed revenue of $1.95 billion, slightly below estimates, but it reported an EPS of $0.91, beating expectations.

KBR (NYSE:KBR - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Friday.

Other research analysts also recently issued research reports about the company. Stifel Nicolaus increased their price objective on KBR from $78.00 to $80.00 and gave the company a "buy" rating in a report on Friday, August 1st. Weiss Ratings reiterated a "hold (c-)" rating on shares of KBR in a report on Saturday, September 27th. KeyCorp downgraded KBR from an "overweight" rating to a "sector weight" rating in a report on Monday, June 23rd. Bank of America downgraded KBR from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $70.00 to $55.00 in a report on Wednesday, August 13th. Finally, UBS Group downgraded KBR from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $66.00 to $54.00 in a report on Wednesday, July 2nd. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $62.78.

KBR Stock Up 0.5%

NYSE KBR traded up $0.23 during trading hours on Friday, hitting $47.35. 1,145,243 shares of the company were exchanged, compared to its average volume of 1,265,453. The company has a 50 day moving average of $49.02 and a two-hundred day moving average of $50.13. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.73. KBR has a 52-week low of $43.89 and a 52-week high of $72.60. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 0.94 and a beta of 0.68.

KBR (NYSE:KBR - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The construction company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.03. KBR had a return on equity of 33.65% and a net margin of 4.52%.The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter in the prior year, the business posted $0.83 EPS. The business's revenue for the quarter was up 5.7% on a year-over-year basis. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. Equities research analysts anticipate that KBR will post 3.26 earnings per share for the current year.

Institutional Trading of KBR

A number of hedge funds have recently added to or reduced their stakes in KBR. EverSource Wealth Advisors LLC lifted its position in KBR by 432.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 607 shares of the construction company's stock worth $29,000 after acquiring an additional 493 shares during the period. Bessemer Group Inc. lifted its position in KBR by 75.8% during the 2nd quarter. Bessemer Group Inc. now owns 617 shares of the construction company's stock worth $30,000 after acquiring an additional 266 shares during the period. GAMMA Investing LLC lifted its position in KBR by 295.5% during the 1st quarter. GAMMA Investing LLC now owns 795 shares of the construction company's stock worth $40,000 after acquiring an additional 594 shares during the period. Byrne Asset Management LLC acquired a new stake in KBR during the 2nd quarter worth approximately $41,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in KBR during the 1st quarter worth approximately $47,000. 97.02% of the stock is 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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