What Can We Expect After KBR (NYSE:KBR)’s Upgrade By Goldman Sachs?

June 14, 2018 - By Alfred Lee

KBR, Inc. (NYSE:KBR) Logo

Investors sentiment increased to 1.2 in 2018 Q1. Its up 0.24, from 0.96 in 2017Q4. It is positive, 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.

Rk Capital Llc has invested 0.93% in KBR, Inc. (NYSE:KBR). Metropolitan Life Ins Com has 81,458 shares for 0% of their portfolio. Bnp Paribas Arbitrage owns 92,143 shares for 0% of their portfolio. Tocqueville Asset Mngmt L P holds 0% or 21,050 shares in its portfolio. Commonwealth Of Pennsylvania School Empls Retrmt Sys owns 37,819 shares or 0.01% of their US portfolio. Advantus Mngmt Incorporated owns 17,153 shares. California Public Employees Retirement System holds 0.01% of its portfolio in KBR, Inc. (NYSE:KBR) for 459,092 shares. Rhumbline Advisers owns 256,645 shares for 0.01% of their portfolio. The California-based Shelton Cap Mngmt has invested 0.01% in KBR, Inc. (NYSE:KBR). Swiss Comml Bank accumulated 243,641 shares. Old Mutual Customised Solutions (Proprietary) has invested 0.01% in KBR, Inc. (NYSE:KBR). Loews Corp reported 0% of its portfolio in KBR, Inc. (NYSE:KBR). Bb&T Secs Limited Liability holds 0.01% or 52,400 shares. Balyasny Asset Mgmt Limited Com holds 0% of its portfolio in KBR, Inc. (NYSE:KBR) for 51,690 shares. Proshare Advsr Ltd Liability Corp holds 0% of its portfolio in KBR, Inc. (NYSE:KBR) for 30,858 shares.

KBR (NYSE:KBR) Stock Upgrade

In an analyst note issued on Thursday morning, Goldman Sachs announced that they have decided to upgrade shares of KBR (NYSE:KBR) stock from a “Sell” to a “Neutral”.

KBR, Inc. (NYSE:KBR) Ratings Coverage

Among 5 analysts covering KBR (NYSE:KBR), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. KBR has $24.0 highest and $17 lowest target. $20.50’s average target is 12.14% above currents $18.28 stock price. KBR had 6 analyst reports since February 6, 2018 according to SRatingsIntel. Citigroup maintained KBR, Inc. (NYSE:KBR) rating on Tuesday, February 6. Citigroup has “Neutral” rating and $23 target. Alembic maintained the shares of KBR in report on Monday, February 26 with “Buy” rating. Credit Suisse downgraded the stock to “Neutral” rating in Monday, February 26 report. The rating was upgraded by DA Davidson to “Buy” on Friday, April 27. The firm earned “Neutral” rating on Monday, February 26 by Citigroup.

The stock increased 0.38% or $0.07 during the last trading session, reaching $18.28. About 1.57M shares traded. KBR, Inc. (NYSE:KBR) has risen 23.17% since June 15, 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 earnings per share, down 40.74 % or $0.22 from last year’s $0.54 per share. KBR’s profit will be $45.01M for 14.28 P/E if the $0.32 EPS becomes a reality. After $0.34 actual earnings per share 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: “KBRwyle wins additional LOGCAP IV work” on June 11, 2018, also 247Wallst.com with their article: “Top Analyst Upgrades and Downgrades: Capital One, Hewlett Packard Enterprises, Kohl’s, Roku, Spotify, Steel …” published on June 14, 2018, 247Wallst.com published: “Merrill Lynch Adds Top Gaming Stock to Endeavor Small Cap Portfolio” on May 31, 2018. More interesting news about KBR, Inc. (NYSE:KBR) were released by: Seekingalpha.com and their article: “KBR awarded multi-year master EPCM services agreement” published on June 13, 2018 as well as Prnewswire.com‘s news article titled: “KBR, Inc. to Participate at the Deutsche Bank’s 9th Annual Industrials & Materials Conference” with publication date: June 04, 2018.

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

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