Analyst Rating Update on KBR (KBR)

KBR (NYSE:KBR) : Zacks Investment Research ranks KBR (NYSE:KBR) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 2.56, which indicates as a Hold.

KBR (NYSE:KBR) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $24 and the lowest price target forecast is $14. The average forecast of all the analysts is $17.93 and the expected standard deviation is $3.35.

Company shares have received an average consensus rating of Hold for the current week Also, In a research note released to the investors, Johnson Rice downgrades its rating on KBR (NYSE:KBR).The analysts at the brokerage house have a current rating of Hold on the shares. Earlier, the shares were rated a Accumulate by the brokerage firm. The rating by the firm was issued on May 2, 2016.

KBR (NYSE:KBR): stock turned positive on Tuesday. Though the stock opened at $12.4, the bulls momentum made the stock top out at $12.55 level for the day. The stock recorded a low of $12.29 and closed the trading day at $12.5, in the green by 2.54%. The total traded volume for the day was 2,212,041. The stock had closed at $12.19 in the previous days trading.

In an insider trading activity, The officer (President E&C), of Kbr, Inc., Harrington Ivor had unloaded 14,965 shares at $15.5 per share in a transaction on March 9, 2015. The total value of transaction was $231,958. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

KBR, Inc. is an engineering, procurement, construction and services company. The Company offers a portfolio of technology and consulting services; engineering, construction, procurement and asset maintenance services; and base operational, logistics, life support and asset management services. The Company operates in three business segments: Technology & Consulting (T&C), Engineering & Construction (E&C) and Government Services (GS). The T&C segment provides technologies and consulting services to the oil and gas value chain. The E&C provides engineering and engineering, procurement and construction services for the development, construction and commissioning of projects. The GS business segment focuses on service contracts particularly for the United Kingdom, Australian and United States Governments. It provides services to international and national oil and gas companies, independent refiners, manufacturers and domestic and foreign Governments, among others.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.