Brokerages Set KBR, Inc. (NYSE:KBR) Target Price at $78.00

KBR, Inc. (NYSE:KBR) has received a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $78.00.

Several research firms have recently weighed in on KBR. Citigroup decreased their price target on shares of KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. UBS Group raised their price target on KBR from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. DA Davidson reissued a “buy” rating and set a $84.00 price objective on shares of KBR in a report on Tuesday, November 19th. KeyCorp lowered their target price on shares of KBR from $78.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Finally, TD Cowen cut their price target on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in KBR. True Wealth Design LLC bought a new stake in shares of KBR in the 3rd quarter valued at about $26,000. UMB Bank n.a. lifted its position in KBR by 49.2% in the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock valued at $31,000 after purchasing an additional 175 shares during the last quarter. First Horizon Advisors Inc. purchased a new stake in shares of KBR during the fourth quarter valued at approximately $32,000. Eastern Bank bought a new position in shares of KBR in the third quarter worth approximately $65,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of KBR in the fourth quarter worth $68,000. 97.02% of the stock is owned by hedge funds and other institutional investors.

KBR Stock Performance

KBR stock opened at $54.57 on Monday. KBR has a 1-year low of $52.57 and a 1-year high of $72.60. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $7.27 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 0.92 and a beta of 0.83. The firm’s 50 day simple moving average is $57.65 and its 200 day simple moving average is $62.88.

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.