KBR (NYSE:KBR) Price Target Increased to $38.00 by Analysts at Credit Suisse Group

KBR (NYSE:KBR) had its target price lifted by investment analysts at Credit Suisse Group from $36.00 to $38.00 in a research report issued to clients and investors on Tuesday, Price Targets.com reports. The firm currently has an “outperform” rating on the construction company’s stock. Credit Suisse Group’s price objective would indicate a potential upside of 20.03% from the company’s previous close.

KBR has been the topic of several other research reports. KeyCorp raised their target price on shares of KBR from $33.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, January 7th. Smith Barney Citigroup raised their price target on shares of KBR from $28.00 to $30.00 in a report on Tuesday, October 27th. TheStreet raised shares of KBR from a “c+” rating to a “b-” rating in a research report on Thursday, October 29th. UBS Group increased their target price on shares of KBR from $28.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, December 18th. Finally, Cowen reaffirmed a “buy” rating and issued a $29.00 price target on shares of KBR in a research report on Thursday, December 3rd. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $32.69.

Shares of NYSE KBR traded down $0.34 during midday trading on Tuesday, hitting $31.66. The stock had a trading volume of 21,795 shares, compared to its average volume of 1,264,620. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of -128.40 and a beta of 1.39. KBR has a 1-year low of $12.00 and a 1-year high of $32.44. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.77. The company has a fifty day moving average price of $31.02 and a 200 day moving average price of $26.88.

KBR (NYSE:KBR) last posted its quarterly earnings data on Sunday, February 21st. The construction company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.51 billion. KBR had a positive return on equity of 13.98% and a negative net margin of 0.57%. KBR’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.46 EPS. On average, research analysts forecast that KBR will post 1.71 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Eudaimonia Partners LLC acquired a new position in shares of KBR during the third quarter valued at about $88,000. CI Investments Inc. raised its position in shares of KBR by 208.6% in the fourth quarter. CI Investments Inc. now owns 3,030 shares of the construction company’s stock valued at $94,000 after purchasing an additional 2,048 shares during the period. Meeder Asset Management Inc. raised its position in shares of KBR by 7,306.8% in the third quarter. Meeder Asset Management Inc. now owns 4,370 shares of the construction company’s stock valued at $99,000 after purchasing an additional 4,311 shares during the period. JBF Capital Inc. bought a new stake in shares of KBR in the fourth quarter valued at approximately $155,000. Finally, Donoghue Forlines LLC purchased a new stake in shares of KBR in the fourth quarter worth $218,000. Institutional investors own 98.24% of the company’s stock.

KBR Company Profile

KBR, Inc provides professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries worldwide. The company operates through three segments: Government Solutions, Technology Solutions, and Energy Solutions. The Government Solutions segment offers life-cycle support solutions to defense, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.

Further Reading: volatile stocks

Analyst Recommendations for KBR (NYSE:KBR)

Receive News & Ratings for KBR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KBR and related companies with MarketBeat.com's FREE daily email newsletter.