The Goldman Sachs Group Issues Pessimistic Forecast for KBR (NYSE:KBR) Stock Price

KBR (NYSE:KBR) had its price objective decreased by investment analysts at The Goldman Sachs Group from $75.00 to $64.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. The Goldman Sachs Group’s target price would suggest a potential upside of 32.19% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on KBR. KeyCorp dropped their price objective on KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a research note on Tuesday. DA Davidson reaffirmed a “buy” rating and set a $84.00 price target on shares of KBR in a research report on Tuesday, November 19th. TD Cowen decreased their price objective on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Citigroup dropped their target price 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. Finally, UBS Group lifted their price target on KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, KBR has an average rating of “Moderate Buy” and a consensus price target of $75.88.

KBR Stock Performance

Shares of KBR stock opened at $48.42 on Wednesday. KBR has a 12 month low of $47.16 and a 12 month high of $72.60. The company’s fifty day simple moving average is $55.49 and its 200-day simple moving average is $61.51. The firm has a market cap of $6.45 billion, a PE ratio of 20.34, a P/E/G ratio of 0.86 and a beta of 0.83. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69.

KBR (NYSE:KBR) last issued its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.83 by $0.08. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. Equities research analysts expect that KBR will post 3.26 EPS for the current fiscal year.

Institutional Trading of KBR

Several hedge funds have recently added to or reduced their stakes in the company. Boston Partners lifted its holdings in shares of KBR by 12,326.4% during the fourth quarter. Boston Partners now owns 3,242,416 shares of the construction company’s stock worth $188,098,000 after buying an additional 3,216,323 shares in the last quarter. Norges Bank acquired a new position in shares of KBR in the fourth quarter valued at about $104,033,000. Bank of New York Mellon Corp raised its stake in KBR by 87.2% in the 4th quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company’s stock worth $162,503,000 after purchasing an additional 1,307,033 shares in the last quarter. Wellington Management Group LLP raised its stake in KBR by 240.2% in the 4th quarter. Wellington Management Group LLP now owns 1,653,299 shares of the construction company’s stock worth $95,776,000 after purchasing an additional 1,167,282 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its holdings in KBR by 444.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,247,506 shares of the construction company’s stock valued at $72,268,000 after purchasing an additional 1,018,539 shares during the period. 97.02% of the stock is owned by institutional investors and hedge funds.

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.