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

Shares of KBR, Inc. (NYSE:KBR) have been assigned an average rating of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $78.00.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of KBR. True Wealth Design LLC bought a new position in shares of KBR during the 3rd quarter valued at about $26,000. UMB Bank n.a. boosted its holdings in KBR by 49.2% during the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock worth $31,000 after buying an additional 175 shares in the last quarter. First Horizon Advisors Inc. acquired a new position in KBR in the fourth quarter worth approximately $32,000. Eastern Bank bought a new position in shares of KBR in the third quarter valued at $65,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of KBR in the fourth quarter valued at $68,000. 97.02% of the stock is owned by institutional investors and hedge funds.

KBR Stock Up 0.3 %

KBR stock opened at $54.57 on Monday. The firm has a market capitalization of $7.27 billion, a P/E ratio of 22.93, a P/E/G ratio of 0.92 and a beta of 0.83. The company has a 50-day simple moving average of $57.65 and a 200-day simple moving average of $62.81. KBR has a one year low of $52.57 and a one year 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.

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.