KBR (KBR) is Upgraded by Johnson Rice to Accumulate

KBR (KBR) was Upgraded by Johnson Rice to ” Accumulate”. Earlier the firm had a rating of “Hold ” on the company shares. Johnson Rice advised their investors in a research report released on Oct 5, 2016.

Many Wall Street Analysts have commented on KBR. 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 opened for trading at $13.94 and hit $14.74 on the upside on Tuesday, eventually ending the session at $14.1, with a gain of 3.45% or 0.47 points. The heightened volatility saw the trading volume jump to 38,04,399 shares. Company has a market cap of $2,009 M.

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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