Goldman Sachs: Downgrade Hits Shares of KBR Inc (NYSE:KBR)

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KBR Inc (NYSE:KBR) Receives a Downgrade

KBR Inc (NYSE:KBR) was just cut by Goldman Sachs from the old “Neutral” rating to a “Sell” in a recent research report revealed to investors on Monday, 7 December. Goldman Sachs now has a $19.00 target price per share on the shares. Goldman Sachs’s target price per share indicates a potential downside of -2.26% from the stock’s previous stock close.

From a total of 13 analysts covering KBR Inc (NYSE:KBR) stock, 7 rate it a ”Buy”, 1 a “Sell”, and 9 a ”Hold”. This means that 41% of the ratings are positive. The highest target price is $26 while the lowest target price is $18. The mean of all analyst targets is $21.15 with a 6.74% above today’s ($19.44) stock price. KBR Inc was the topic of 5 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. Citigroup initiated shares on November 13 with “Sell” rating. Bank of America upgraded KBR stock in a recent report from August 6 to “Neutral” rating.

The stock decreased 0.66% or $0.13 on December 7, striking $19.44. Approximately 100 shares of stock traded hands. KBR, Inc. (NYSE:KBR) has risen 9.52% since May 4, 2015 and is uptrending. It has outperformed by 10.59% the S&P500.

The overall sentiment of institutions has increased to 1.3 in Q2 2015. Its up 0.35, from 0.95 in 2015Q2. The ratio increased, as 28 institutions have sold all the shares of KBR, Inc. that they owned while 71 funds have taken shares off the table. 28 funds have purchased shares for the first time while 101 added to their positions. These institutions now hold 139.87 million shares or 0.43% more than the 139.27 million shares they owned in 2015Q2.

The Fund Huber Capital Management Llc currently is holding shares equating to 6.2% of its total portfolio in KBR, Inc. representing a total of 10.64 million shares. Another fund,Corbyn Investment Management Inc Md, is holding a total of 1.10 million shares equating to 4.67% of their holdings. Additionally, Platinum Investment Management Ltd has a 9.19 million share stake in KBR, Inc. which represents 4.15% of their total portfolio. The Fund, Stanley Capital Management Llc, based out of Texas, has also built up a stake in the stock, which represents a total of 3.3% of their total portfolio. Finally Allen Operations Llc, a fund which is based in the state of New York reported a total holdings of 131,200 shares.

KBR, Inc. is an engineering, procurement, construction and services company. The company has a market cap of $2.80 billion. The Firm 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. It currently has negative earnings. The Firm operates in three business divisions: Technology & Consulting , Engineering & Construction (E&C) and Government Services (GS).

According to Zacks Investment Research, “KBR, Inc. is a leading global engineering, construction and services company supporting the energy, hydrocarbon, government services, minerals, civil infrastructure, power and industrial markets. The company is a leader in many of the growing end-markets it serves, particularly gas monetization, having designed and constructed, alone or with joint venture partners, more than half of the world’s operating liquefied natural gas (LNG) production capacity. KBR offers a wide range of services through its Upstream, Downstream, Technology, Services, Government and Infrastructure, and Ventures business segments.” Get a free copy of the Zacks research report on KBR, Inc. (KBR).

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