UBS AG Cuts KBR EPS Estimates (KBR)
UBS AG (NYSE: UBS) lowered their EPS estimates on shares of KBR (NYSE: KBR) in a research note issued on Friday. The firm currently has a “buy” rating and a $43.00 price target on the company’s shares. They previously had a $45.00 price target on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse (NYSE: CS) cut their price target on shares of KBR to $47.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at JPMorgan Chase (NYSE: JPM) initiated coverage on shares of KBR in a research note to investors on Tuesday, April 10th. They set an “overweight” rating and a $45.50 price target on the stock. Finally, analysts at Tudor Pickering initiated coverage on shares of KBR in a research note to investors on Wednesday, April 4th. They set a “buy” rating on the stock.
KBR traded down 1.66% on Friday, hitting $33.78. KBR has a 52-week low of $20.86 and a 52-week high of $39.34. The company has a market cap of $5.000 billion and a price-to-earnings ratio of 10.87.
The company last announced its quarterly results on Wednesday, April 25th. It reported $0.61 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.59 EPS by $0.02. The company’s quarterly revenue was down 13.8% on a year-over-year basis. Analysts expect that KBR will post $0.67 EPS next quarter.
KBR, Inc. (KBR), along with its subsidiaries, is a global engineering, construction and services company supporting the energy, hydrocarbon, government services, minerals, civil infrastructure, power and industrial sectors.