The stock of KBR, Inc. (NYSE:KBR) is a huge mover today! The stock decreased 9.91% or $1.5 during the last trading session, hitting $13.63. About 5.23M shares traded hands or 335.83% up from the average. KBR, Inc. (NYSE:KBR) has risen 9.40% since February 29, 2016 and is uptrending. It has underperformed by 2.82% the S&P500.
The move comes after 5 months negative chart setup for the $1.97 billion company. It was reported on Oct, 4 by Barchart.com. We have $12.68 PT which if reached, will make NYSE:KBR worth $137.90 million less.
Analysts await KBR, Inc. (NYSE:KBR) to report earnings on November, 7. They expect $0.32 earnings per share, down 20.00% or $0.08 from last year’s $0.4 per share. KBR’s profit will be $46.25M for 10.65 P/E if the $0.32 EPS becomes a reality. After $0.32 actual earnings per share reported by KBR, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
KBR, Inc. (NYSE:KBR) Ratings Coverage
Out of 7 analysts covering KBR Inc (NYSE:KBR), 1 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 14% are positive. KBR Inc has been the topic of 12 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Monday, March 28 by Goldman Sachs. UBS maintained the stock with “Neutral” rating in Wednesday, August 5 report. The company was initiated on Wednesday, June 29 by M Partners. Johnson Rice downgraded the shares of KBR in a report on Monday, May 2 to “Hold” rating. Bank of America upgraded KBR, Inc. (NYSE:KBR) on Thursday, August 6 to “Neutral” rating. The rating was maintained by M Partners with “Neutral” on Tuesday, September 13. Goldman Sachs downgraded it to “Sell” rating and $19 target price in Monday, December 7 report. Citigroup initiated KBR, Inc. (NYSE:KBR) on Friday, November 13 with “Sell” rating.
According to Zacks Investment Research, “KBR, Inc. is a leading global engineering, construction and services company supporting the energy, hydrocarbon, government services, minerals, civil infrastructure, power and industrial markets. The company is a leader in many of the growing end-markets it serves, particularly gas monetization, having designed and constructed, alone or with joint venture partners, more than half of the world’s operating liquefied natural gas (LNG) production capacity. KBR offers a wide range of services through its Upstream, Downstream, Technology, Services, Government and Infrastructure, and Ventures business segments.”
Insitutional Activity: The institutional sentiment increased to 1.42 in Q2 2016. Its up 0.36, from 1.06 in 2016Q1. The ratio improved, as 31 funds sold all KBR, Inc. shares owned while 59 reduced positions. 28 funds bought stakes while 100 increased positions. They now own 136.05 million shares or 4.84% more from 129.78 million shares in 2016Q1.
Peak6 Investments Lp last reported 10,985 shares in the company. Huntington Natl Bank has invested 0% of its portfolio in KBR, Inc. (NYSE:KBR). Pennant Cap Mngmt Limited Liability Corp has 0.23% invested in the company for 674,000 shares. D E Shaw And holds 844,706 shares or 0.02% of its portfolio. Old Mutual Customised Solutions (Proprietary) Limited reported 2,700 shares or 0.01% of all its holdings. Engineers Gate Manager Limited Partnership, a New York-based fund reported 84,459 shares. Systematic Management Ltd Partnership holds 1.22% or 6.76 million shares in its portfolio. Moreover, Allianz Asset Management Ag has 0.02% invested in KBR, Inc. (NYSE:KBR) for 3.27M shares. California State Teachers Retirement System accumulated 0.01% or 310,467 shares. Wellington Mgmt Grp Limited Liability Partnership last reported 12,962 shares in the company. Price T Rowe Md has 7.73M shares for 0.02% of their US portfolio. Moreover, Kopernik Glob Invsts Ltd has 1.26% invested in KBR, Inc. (NYSE:KBR) for 537,006 shares. Blackrock Institutional Na has 4.34 million shares for 0.01% of their US portfolio. Principal Finance Inc reported 1.16 million shares or 0.02% of all its holdings. Advantus Cap Management holds 0.01% or 17,249 shares in its portfolio.
More recent KBR, Inc. (NYSE:KBR) news were published by: Benzinga.com which released: “Worst Performing Industries For October 3, 2016” on October 03, 2016. Also Investorplace.com published the news titled: “Why Deutsche Bank AG (USA) (DB), Goldcorp Inc. (USA) (GG) and KBR, Inc. (KBR …” on October 03, 2016. Forbes.com‘s news article titled: “Ex-Dividend Reminder: Motorola Solutions, KBR and Knoll” with publication date: September 09, 2016 was also an interesting one.
KBR Company Profile
KBR, Inc. (KBR), incorporated on March 21, 2006, is an engineering, procurement, construction and services company. The Firm supports global hydrocarbons and international Government services market sectors. The Firm 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 Firm operates through three business divisions: Technology & Consulting (T&C), Engineering & Construction (E&C), and Government Services (GS). The Firm provides services to a customer base, including international and national gas and oil companies, independent refiners, petrochemical producers, fertilizer producers, manufacturers and domestic and foreign Governments.
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