KBR (KBR) is Downgraded by Goldman to Sell

KBR (KBR) was Downgraded by Goldman to ” Sell”. Earlier the firm had a rating of “Neutral ” on the company shares. Goldman advised their investors in a research report released on Oct 11, 2016.

Many Wall Street Analysts have commented on KBR. KBR was Upgraded by Johnson Rice to ” Accumulate” on Oct 5, 2016. Company shares were Upgraded by Deutsche Bank on Oct 4, 2016 to ” Buy”, Firm has raised the Price Target to $ 16 from a previous price target of $14 .Company shares were Reiterated by MKM Partners on Aug 2, 2016 to “Neutral”, Firm has raised the Price Target to $ 14 from a previous price target of $13 .

On the company’s financial health, KBR reported $0.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 29, 2016. Analyst had a consensus of $0.32. The company had revenue of $1009.00 million for the quarter, compared to analysts expectations of $1053.61 million. The company’s revenue was down -26.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.46 EPS.

KBR closed down -0.04 points or -0.25% at $16.14 with 38,84,163 shares getting traded on Friday. Post opening the session at $16.19, the shares hit an intraday low of $15.985 and an intraday high of $16.24 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Mar 10, 2015, Ivor Harrington (President E&C) sold 14,965 shares at $15.50 per share price.

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.

KBR

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KBR - Is it time to Sell?

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