KBR, Inc. (NYSE:KBR) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.
Several other research firms have also recently weighed in on KBR. TheStreet raised KBR from a “d+” rating to a “c-” rating in a research report on Thursday, August 3rd. Zacks Investment Research cut KBR from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Finally, Vertical Research raised KBR from a “hold” rating to a “buy” rating in a research report on Monday, May 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $18.22.
Shares of KBR (KBR) traded down 0.13% during mid-day trading on Friday, reaching $14.92. The company’s stock had a trading volume of 1,745,847 shares. The company’s market capitalization is $2.09 billion. The firm’s 50 day moving average is $15.54 and its 200-day moving average is $15.18. KBR has a 52-week low of $13.16 and a 52-week high of $17.95.
KBR (NYSE:KBR) last announced its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. KBR had a positive return on equity of 8.74% and a negative net margin of 0.81%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. Analysts forecast that KBR will post $1.43 EPS for the current year.
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Institutional investors have recently bought and sold shares of the stock. Quantbot Technologies LP purchased a new position in KBR during the first quarter valued at approximately $109,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in KBR by 322.2% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,600 shares of the construction company’s stock valued at $114,000 after buying an additional 5,800 shares during the period. Shelton Capital Management purchased a new position in KBR during the second quarter valued at approximately $160,000. GSA Capital Partners LLP purchased a new position in KBR during the second quarter valued at approximately $162,000. Finally, Paragon Capital Management Ltd purchased a new position in KBR during the second quarter valued at approximately $172,000. 99.74% of the stock is owned by hedge funds and other institutional investors.
KBR, Inc is a provider of professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. The Company operates through business segments, including Technology & Consulting (T&C), Engineering & Construction (E&C), Government Services (GS), Non-strategic Business and Other.
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