KBR (KBR) : Analyst Rating Update

KBR (KBR) : 2 brokerage houses believe that KBR (KBR) is a Strong Buy at current levels. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on KBR (KBR). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 9 Wall Street Analysts endorse the stock as a Hold with a rating of 2.56.

KBR (KBR) : Average target price received by KBR (KBR) is $17.93 with an expected standard deviation of $3.35. The most aggressive target on the stock is $24, whereas the most downbeat target is $14. 7 financial analysts are currently covering the stock.

KBR (NYSE:KBR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.82 and $12.73 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.16. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.10, notching a gain of 1.31% for the day. The total traded volume was 1,236,636 . The stock had closed at $12.93 on the previous day.

Also, MKM Partners initiates coverage on KBR (NYSE:KBR). The current rating of the shares is Neutral, according to the research report released by the firm. The rating by the firm was issued on June 29, 2016. The company shares have dropped -29.65% from its 1 Year high price. On Dec 2, 2015, the shares registered one year high at $19.94 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $14.12 and the 200 Day Moving Average price is recorded at $14.44.

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.

Leave a Reply

Get Pre-Market Alerts!

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