Citigroup Raises KBR (NYSE:KBR) Price Target to $72.00

KBR (NYSE:KBR) had its price target increased by Citigroup from $66.00 to $72.00 in a report issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. Citigroup’s price target would suggest a potential upside of 12.15% from the company’s current price.

A number of other analysts also recently issued reports on the stock. UBS Group reduced their price target on shares of KBR from $65.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, February 2nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $80.00 target price (up from $78.00) on shares of KBR in a report on Wednesday, March 13th. KeyCorp boosted their target price on KBR from $63.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 21st. Truist Financial raised their price target on KBR from $72.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Finally, StockNews.com raised KBR from a “hold” rating to a “buy” rating in a report on Wednesday, March 20th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $73.43.

KBR Stock Performance

NYSE KBR opened at $64.20 on Monday. 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 has a twelve month low of $49.37 and a twelve month high of $65.87. The business has a 50-day moving average price of $61.18 and a 200-day moving average price of $56.81. The firm has a market cap of $8.64 billion, a price-to-earnings ratio of -31.32, a price-to-earnings-growth ratio of 1.33 and a beta of 0.95.

KBR (NYSE:KBR) last posted its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.69 EPS for the quarter, hitting analysts’ consensus estimates of $0.69. KBR had a positive return on equity of 25.08% and a negative net margin of 3.81%. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same period in the previous year, the firm earned $0.69 EPS. The firm’s revenue was up 7.6% compared to the same quarter last year. As a group, equities research analysts predict that KBR will post 3.19 EPS for the current fiscal year.

Insider Transactions at KBR

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

Institutional Trading of KBR

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KBR. Rise Advisors LLC bought a new position in shares of KBR during the first quarter valued at approximately $25,000. CWM LLC grew its position in KBR by 113.6% in the 3rd quarter. CWM LLC now owns 814 shares of the construction company’s stock valued at $48,000 after acquiring an additional 433 shares during the last quarter. Ronald Blue Trust Inc. increased its stake in KBR by 91.4% in the third quarter. Ronald Blue Trust Inc. now owns 1,064 shares of the construction company’s stock worth $69,000 after purchasing an additional 508 shares during the period. International Assets Investment Management LLC purchased a new stake in KBR in the fourth quarter worth $64,000. Finally, Headlands Technologies LLC purchased a new stake in shares of KBR during the fourth quarter valued at $65,000. 97.02% of the stock is owned by hedge funds and other institutional investors.

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.