DA Davidson Increases KBR (NYSE:KBR) Price Target to $78.00

KBR (NYSE:KBR - Get Free Report) had its price target lifted by analysts at DA Davidson from $70.00 to $78.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a "buy" rating on the construction company's stock. DA Davidson's target price indicates a potential upside of 18.97% from the stock's current price.

KBR has been the subject of a number of other reports. Citigroup increased their target price on shares of KBR from $66.00 to $72.00 and gave the company a "buy" rating in a research report on Monday, April 22nd. StockNews.com raised shares of KBR from a "hold" rating to a "buy" rating in a research report on Wednesday, March 20th. KeyCorp lifted their price objective on shares of KBR from $63.00 to $65.00 and gave the company an "overweight" rating in a research note on Wednesday, February 21st. Stifel Nicolaus lifted their price objective on shares of KBR from $80.00 to $83.00 and gave the company a "buy" rating in a research note on Tuesday, April 23rd. Finally, Truist Financial lifted their price objective 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. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $73.86.

KBR Stock Up 1.0 %

KBR stock traded up $0.62 during trading on Wednesday, reaching $65.56. The stock had a trading volume of 2,022,091 shares, compared to its average volume of 1,322,621. KBR has a one year low of $49.37 and a one year high of $66.60. The company's 50 day moving average is $62.15 and its two-hundred day moving average is $56.95. The company has a market capitalization of $8.83 billion, a price-to-earnings ratio of -32.00, a P/E/G ratio of 1.40 and a beta of 0.95. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.29.

KBR (NYSE:KBR - Get Free Report) last released its earnings results on Tuesday, April 30th. The construction company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.07. KBR had a negative net margin of 3.81% and a positive return on equity of 25.08%. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the prior year, the firm earned $0.67 EPS. The company's revenue was up 6.8% compared to the same quarter last year. Equities research analysts forecast that KBR will post 3.19 EPS for the current year.

Insider Buying and Selling at KBR

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Rise Advisors LLC bought a new position in KBR in the 1st quarter valued at $25,000. CWM LLC lifted its holdings in shares of KBR by 113.6% during the 3rd quarter. CWM LLC now owns 814 shares of the construction company's stock worth $48,000 after acquiring an additional 433 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of KBR during the 4th quarter worth $64,000. Headlands Technologies LLC bought a new stake in shares of KBR during the 4th quarter worth $65,000. Finally, Anchor Investment Management LLC bought a new stake in shares of KBR during the 4th quarter worth $69,000. 97.02% of the stock is owned by institutional investors.

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.