KBR (NYSE:KBR) Upgraded to "Buy" at Wall Street Zen

Key Points

• KBR has been upgraded to a "buy" rating by Wall Street Zen, changing from a previous "hold" rating.
• In contrast, Goldman Sachs and Bank of America recently downgraded KBR, setting a target price of $55.00, reflecting a shift in analyst sentiment.
• KBR reported a quarterly EPS of $0.91, exceeding expectations, although its revenue fell short of projections at $1.95 billion.

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

Several other research analysts also recently commented on KBR. The Goldman Sachs Group downgraded shares of KBR from a "buy" rating to a "neutral" rating and set a $55.00 target price on the stock. in a research note on Tuesday, May 27th. Bank of America downgraded shares of KBR from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $70.00 to $55.00 in a research report on Wednesday, August 13th. KeyCorp downgraded shares of KBR from an "overweight" rating to a "sector weight" rating in a research report on Monday, June 23rd. Stifel Nicolaus boosted their target price on shares of KBR from $78.00 to $80.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, DA Davidson dropped their target price on shares of KBR from $72.00 to $65.00 and set a "buy" rating on the stock in a report on Friday, August 1st. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $62.78.

KBR Stock Down 0.0%

Shares of NYSE KBR opened at $49.46 on Friday. 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's fifty day moving average is $48.66 and its 200 day moving average is $50.34. The company has a market cap of $6.37 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 0.98 and a beta of 0.73.

KBR (NYSE:KBR - Get Free Report) last issued its earnings results on Thursday, July 31st. The construction company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.88 by $0.03. KBR had a net margin of 4.52% and a return on equity of 33.65%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same period in the previous year, the firm earned $0.83 earnings per share. The firm'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. On average, equities research analysts expect that KBR will post 3.26 earnings per share for the current year.

Insider Transactions at KBR

In other KBR news, CEO Stuart Bradie sold 20,000 shares of the company's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $52.81, for a total transaction of $1,056,200.00. Following the transaction, the chief executive officer owned 802,361 shares in the company, valued at approximately $42,372,684.41. This represents a 2.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.11% of the company's stock.

Hedge Funds Weigh In On KBR

Several hedge funds and other institutional investors have recently bought and sold shares of KBR. Norges Bank bought a new position in KBR during the 2nd quarter valued at about $92,565,000. Boston Partners increased its holdings in KBR by 35.2% in the 1st quarter. Boston Partners now owns 4,384,527 shares of the construction company's stock worth $218,648,000 after acquiring an additional 1,142,111 shares in the last quarter. Nomura Holdings Inc. increased its holdings in KBR by 5,030.1% in the 1st quarter. Nomura Holdings Inc. now owns 907,002 shares of the construction company's stock worth $45,178,000 after acquiring an additional 889,322 shares in the last quarter. Invesco Ltd. increased its holdings in KBR by 16.1% in the 1st quarter. Invesco Ltd. now owns 4,925,667 shares of the construction company's stock worth $245,347,000 after acquiring an additional 683,280 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in KBR during the 1st quarter valued at approximately $31,454,000. Institutional investors own 97.02% of the company's stock.

KBR Company Profile

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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