Citigroup Lowers KBR (NYSE:KBR) Price Target to $76.00

KBR (NYSE:KBR) had its target price reduced by stock analysts at Citigroup from $82.00 to $76.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Citigroup’s price target would suggest a potential upside of 39.26% from the company’s previous close.

A number of other brokerages have also recently issued reports on KBR. UBS Group upped their target price on shares of KBR from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. 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. DA Davidson reissued a “buy” rating and set a $84.00 target price on shares of KBR in a report on Tuesday, November 19th. KeyCorp cut their price target on KBR from $78.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Finally, StockNews.com downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

KBR Trading Down 2.0 %

NYSE KBR opened at $54.58 on Wednesday. The company has a market cap of $7.27 billion, a PE ratio of 22.93, a PEG ratio of 1.01 and a beta of 0.85. KBR has a 12 month low of $51.95 and a 12 month high of $72.60. The stock has a 50 day moving average of $58.69 and a 200-day moving average of $63.55. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69.

Institutional Investors Weigh In On KBR

A number of institutional investors have recently modified their holdings of KBR. AQR Capital Management LLC increased its position in KBR by 348.2% during the second quarter. AQR Capital Management LLC now owns 161,151 shares of the construction company’s stock worth $10,336,000 after acquiring an additional 125,193 shares during the period. Mackenzie Financial Corp bought a new position in shares of KBR during the second quarter worth approximately $3,493,000. Creative Planning raised its position in shares of KBR by 20.5% in the second quarter. Creative Planning now owns 7,373 shares of the construction company’s stock valued at $473,000 after buying an additional 1,255 shares in the last quarter. Quarry LP raised its position in shares of KBR by 454.7% in the second quarter. Quarry LP now owns 821 shares of the construction company’s stock valued at $53,000 after buying an additional 673 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in KBR during the second quarter worth approximately $230,000. Institutional investors own 97.02% of the company’s stock.

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.