KBR (KBR) Price Target Increased to $23.00 by Analysts at Citigroup

KBR (NYSE:KBR) had its price objective hoisted by Citigroup from $22.00 to $23.00 in a report released on Tuesday morning. The brokerage currently has a neutral rating on the construction company’s stock.

Other research analysts also recently issued research reports about the stock. TheStreet raised shares of KBR from a c rating to a b- rating in a report on Tuesday, October 31st. Zacks Investment Research raised shares of KBR from a hold rating to a buy rating and set a $23.00 price objective for the company in a report on Wednesday, January 17th. ValuEngine raised shares of KBR from a hold rating to a buy rating in a report on Monday, November 6th. Deutsche Bank increased their price objective on shares of KBR from $18.00 to $20.00 and gave the company a buy rating in a report on Tuesday, October 24th. Finally, DA Davidson downgraded shares of KBR from a buy rating to a neutral rating and set a $22.00 price objective for the company. in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $21.43.

KBR (NYSE:KBR) opened at $17.69 on Tuesday. KBR has a 1-year low of $13.36 and a 1-year high of $21.69. The company has a market cap of $2,594.27, a PE ratio of 34.69, a price-to-earnings-growth ratio of 1.54 and a beta of 1.03. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.59.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 15th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Wednesday, March 14th. KBR’s payout ratio is 62.75%.

Large investors have recently made changes to their positions in the stock. Zions Bancorporation bought a new position in shares of KBR in the 3rd quarter valued at about $113,000. Balter Liquid Alternatives LLC bought a new position in shares of KBR in the 4th quarter valued at about $138,000. Strs Ohio lifted its holdings in shares of KBR by 141.7% in the 3rd quarter. Strs Ohio now owns 8,700 shares of the construction company’s stock valued at $155,000 after acquiring an additional 5,100 shares during the last quarter. Oakbrook Investments LLC bought a new position in shares of KBR in the 4th quarter valued at about $204,000. Finally, Shelton Capital Management bought a new position in shares of KBR in the 2nd quarter valued at about $160,000.

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KBR Company Profile

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.

Analyst Recommendations for KBR (NYSE:KBR)

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