KBR (NYSE:KBR) PT Raised to $72.00

KBR (NYSE:KBR - Get Free Report) had its price target boosted by research analysts at Citigroup from $66.00 to $72.00 in a research report issued on Monday, Benzinga reports. The firm currently has a "buy" rating on the construction company's stock. Citigroup's target price points to a potential upside of 14.07% from the company's previous close.

Other analysts have also recently issued reports about the stock. Truist Financial lifted their target price on shares of KBR from $72.00 to $90.00 and gave the company a "buy" rating in a research note on Tuesday, April 9th. UBS Group reduced their price objective on shares of KBR from $65.00 to $63.00 and set a "buy" rating for the company in a research note on Friday, February 2nd. KeyCorp boosted their price objective on shares of KBR from $63.00 to $65.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 21st. StockNews.com upgraded shares of KBR from a "hold" rating to a "buy" rating in a research note on Wednesday, March 20th. Finally, Stifel Nicolaus restated a "buy" rating and issued a $80.00 price objective (up from $78.00) on shares of KBR in a research note on Wednesday, March 13th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $73.00.

KBR Price Performance

Shares of KBR traded up $0.45 during mid-day trading on Monday, hitting $63.12. The company's stock had a trading volume of 959,099 shares, compared to its average volume of 1,301,385. The firm has a 50-day moving average price of $60.78 and a 200 day moving average price of $56.74. The stock has a market capitalization of $8.50 billion, a price-to-earnings ratio of -30.82, a PEG ratio of 1.33 and a beta of 0.95. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.05 and a quick ratio of 1.05. KBR has a fifty-two week low of $49.37 and a fifty-two week high of $65.87.

KBR (NYSE:KBR - Get Free Report) last released its earnings results on Tuesday, February 20th. The construction company reported $0.69 earnings per share for the quarter, hitting the consensus estimate of $0.69. KBR had a negative net margin of 3.81% and a positive return on equity of 25.08%. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same period last year, the firm posted $0.69 earnings per share. The firm's quarterly revenue was up 7.6% compared to the same quarter last year. On average, research analysts predict that KBR will post 3.19 EPS for the current fiscal year.

Insider Buying and Selling at KBR

In other KBR news, EVP Jennifer Myles sold 8,000 shares of the company's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $58.95, for a total transaction of $471,600.00. Following the transaction, the executive vice president now directly owns 38,524 shares in the company, valued at approximately $2,270,989.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.08% of the company's stock.

Institutional Trading of KBR

Several hedge funds have recently bought and sold shares of the stock. PFG Investments LLC acquired a new stake in KBR during the 1st quarter worth approximately $332,000. Norden Group LLC raised its holdings in shares of KBR by 1,030.1% in the first quarter. Norden Group LLC now owns 74,200 shares of the construction company's stock valued at $4,723,000 after purchasing an additional 67,634 shares during the last quarter. State of Michigan Retirement System raised its holdings in shares of KBR by 2.2% in the first quarter. State of Michigan Retirement System now owns 33,111 shares of the construction company's stock valued at $2,108,000 after purchasing an additional 700 shares during the last quarter. Harbour Capital Advisors LLC raised its holdings in shares of KBR by 0.5% in the first quarter. Harbour Capital Advisors LLC now owns 54,135 shares of the construction company's stock valued at $3,412,000 after purchasing an additional 265 shares during the last quarter. Finally, CIC Wealth LLC acquired a new stake in shares of KBR in the first quarter valued at approximately $509,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

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.