KBR (KBR) is Upgraded by MKM Partners to Buy, Raises Price Target to $ 21

KBR (KBR) was Upgraded by MKM Partners to ” Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 21 from a previous price target of $15 . Earlier the firm had a rating of “Neutral ” on the company shares. MKM Partners advised their investors in a research report released on Nov 21, 2016.

Many Wall Street Analysts have commented on KBR. KBR was Upgraded by BofA/Merrill to ” Buy” on Nov 17, 2016. KBR was Downgraded by Goldman to ” Sell” on Oct 11, 2016. KBR was Upgraded by Johnson Rice to ” Accumulate” on Oct 5, 2016.

On the company’s financial health, KBR reported $-0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Nov 1, 2016. Analyst had a consensus of $-0.58. The company had revenue of $1073.00 million for the quarter, compared to analysts expectations of $1187.76 million. The company’s revenue was down -10.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.40 EPS.

KBR closed down -0.07 points or -0.43% at $16.25 with 11,66,533 shares getting traded on Monday. Post opening the session at $16.31, the shares hit an intraday low of $16.14 and an intraday high of $16.38 and the price fluctuated in this range throughout the day.Shares ended Monday 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.


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