The Goldman Sachs Group Lowers KBR (NYSE:KBR) Price Target to $64.00

KBR (NYSE:KBR) had its price objective cut by equities researchers at The Goldman Sachs Group from $75.00 to $64.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. The Goldman Sachs Group’s price target indicates a potential upside of 32.19% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Citigroup dropped their target price on shares of KBR from $82.00 to $76.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. UBS Group raised their price objective on shares of KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. KeyCorp reduced their target price on KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a report on Tuesday. TD Cowen cut their price objective on KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Finally, DA Davidson restated a “buy” rating and set a $84.00 target price on shares of KBR in a report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $75.88.

KBR Trading Up 1.1 %

Shares of KBR stock opened at $48.42 on Wednesday. The stock has a market cap of $6.45 billion, a price-to-earnings ratio of 20.34, a P/E/G ratio of 0.86 and a beta of 0.83. The firm has a fifty day moving average of $55.49 and a 200-day moving average of $61.51. KBR has a 52-week low of $47.16 and a 52-week high of $72.60. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07.

KBR (NYSE:KBR) last released its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.08. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. On average, equities research analysts forecast that KBR will post 3.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On KBR

A number of institutional investors and hedge funds have recently modified their holdings of the business. Pier 88 Investment Partners LLC grew its holdings in KBR by 25.9% during the 3rd quarter. Pier 88 Investment Partners LLC now owns 50,710 shares of the construction company’s stock worth $3,303,000 after acquiring an additional 10,420 shares during the period. Hennessy Advisors Inc. bought a new position in shares of KBR in the 4th quarter worth $47,022,000. GSA Capital Partners LLP bought a new stake in KBR in the third quarter valued at about $771,000. Franklin Resources Inc. lifted its stake in KBR by 14.5% in the third quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock valued at $167,876,000 after buying an additional 305,889 shares during the period. Finally, Blue Trust Inc. boosted its holdings in KBR by 56.9% during the fourth quarter. Blue Trust Inc. now owns 3,021 shares of the construction company’s stock worth $175,000 after buying an additional 1,095 shares during the last quarter. 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.