Finally Time To Raise Your Stake? Goldman Sachs Upgrades KBR (KBR) Shares

June 14, 2018 - By Kenneth Lin

KBR, Inc. (NYSE:KBR) Logo

Investors sentiment increased to 1.2 in 2018 Q1. Its up 0.24, from 0.96 in 2017Q4. It improved, as 27 investors sold KBR, Inc. shares while 64 reduced holdings. 38 funds opened positions while 71 raised stakes. 129.90 million shares or 3.15% less from 134.13 million shares in 2017Q4 were reported.

First Trust Lp reported 0% of its portfolio in KBR, Inc. (NYSE:KBR). Aperio Grp Inc Ltd Liability Corporation reported 0.01% in KBR, Inc. (NYSE:KBR). Moreover, Loews Corporation has 0% invested in KBR, Inc. (NYSE:KBR) for 24,072 shares. Credit Suisse Ag reported 561,847 shares. Public Sector Pension Board accumulated 0.01% or 74,200 shares. Advantus Cap Mngmt reported 0.01% in KBR, Inc. (NYSE:KBR). Hbk Investments Lp reported 135,436 shares. Cim Invest Mangement has 19,053 shares for 0.1% of their portfolio. 20,578 are held by Gotham Asset Mngmt Ltd Liability. Glenmede Com Na holds 159,556 shares. Wells Fargo & Mn holds 166,113 shares. Teacher Retirement System Of Texas invested 0% of its portfolio in KBR, Inc. (NYSE:KBR). Sg Americas Secs Llc holds 0% of its portfolio in KBR, Inc. (NYSE:KBR) for 32,374 shares. Metropolitan Life Ins Com holds 81,458 shares or 0% of its portfolio. Deprince Race & Zollo Incorporated accumulated 3.75M shares or 1.42% of the stock.

KBR (KBR) Stock Upgrade

EU-listed KBR (KBR), was boosted by expert analysts at Goldman Sachs. The firm boosted its rating on the $2.57 billion market capitalized company to a respectable “Neutral” from their past rating of “Sell”.

The stock increased 0.38% or $0.07 during the last trading session, reaching $18.28. About 1.56 million shares traded. KBR, Inc. (KBR) has risen 23.17% since June 14, 2017 and is uptrending. It has outperformed by 10.60% the S&P500.

Analysts await KBR, Inc. (NYSE:KBR) to report earnings on August, 1. They expect $0.32 EPS, down 40.74 % or $0.22 from last year’s $0.54 per share. KBR’s profit will be $45.01 million for 14.28 P/E if the $0.32 EPS becomes a reality. After $0.34 actual EPS reported by KBR, Inc. for the previous quarter, Wall Street now forecasts -5.88 % negative EPS growth.

KBR, Inc. provides professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries worldwide. The company has market cap of $2.57 billion. The firm operates through three divisions: Government Services, Technology & Consulting, and Engineering & Construction. It has a 5.98 P/E ratio. The Government Services segment offers life-cycle support solutions to defense, space, aviation, and other programs and missions for government agencies in the United States, the United Kingdom, and Australia.

More notable recent KBR, Inc. (NYSE:KBR) news were published by: Seekingalpha.com which released: “KBR awarded multi-year master EPCM services agreement” on June 13, 2018, also Prnewswire.com with their article: “KBR, Inc. to Participate at the Deutsche Bank’s 9th Annual Industrials & Materials Conference” published on June 04, 2018, 247Wallst.com published: “Top Analyst Upgrades and Downgrades: Capital One, Hewlett Packard Enterprises, Kohl’s, Roku, Spotify, Steel …” on June 14, 2018. More interesting news about KBR, Inc. (NYSE:KBR) were released by: 247Wallst.com and their article: “Merrill Lynch Adds Top Gaming Stock to Endeavor Small Cap Portfolio” published on May 31, 2018 as well as Prnewswire.com‘s news article titled: “KBR, Inc. to Participate at the KeyBanc Capital Markets’ Industrial & Basic Materials Conference” with publication date: May 29, 2018.

KBR, Inc. (NYSE:KBR) Institutional Positions Chart

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