KeyBanc maintained its KBR Inc. [NYSE:KBR] rating to the equivalent of Overweight but changed the price target to $36 from $33, in a research note dated 2021-01-07. That figure represents around a 14.36% premium from where the company’s shares closed on Wednesday. Other analysts also revised their coverage, with UBS’s analysts upgrading the shares from “a Neutral” rating to “a Buy” rating in a research note to investors issued in late May. Meanwhile, Citigroup had raised its rating on KBR to “Buy” from the earlier “Neutral”, in a research note produced for clients April 27, 2020. In addition, there was an upgrade from Credit Suisse on March 27, 2020. The rater changed KBR from “a Neutral” to “an Outperform”.
Is KBR Inc. [NYSE:KBR] a Good Buy Right Now?
It should be noted that KBR technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from KBR Inc.’s Trend Spotter indicated that the signals were Strongest. The stock current average is 1.4 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 1.4 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 1.41 million shares.
KBR Price Performance
On Wall Street, KBR Inc. [NYSE:KBR] finished Wednesday’s session up 4.45% at $31.48. The stock went up to $31.95 at the same session while its lowest single day price was $30.12. In the last five days, it saw a rise of about 6.10%, KBR Inc. shares gained by almost 1.78% since the beginning of the year. However, the share price has dropped to as low as -1.38% below its one year high. On 01/06/21, the company shares recorded $31.95, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $29.62. The company’s shares have inclined by 2.98% in the past year. The 50-day SMA achieved is $27.34 while the 200-day SMA is $23.75. Volume gained to 3.36 million from 1.49 million in the previous session.
KBR Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 30.42 level, and in case of violation of this particular level, it will cause more drop to 29.35 level. On the upper level, 33.01 is still the key resistance. The stock may increase to the subsequent resistance at 32.25. The Relative Strength Index (RSI) pinned on the 14-day chart is 69.07, implying a neutral technical stance while the MACD stands at 0.64, meaning price will decrease in the next trading period. Percent R indicator moved to 12.81%, implying bullish price movement. Stochastic %K at 69.69% suggest selling the stock.
What is the short interest in KBR Inc.?
Short interest in the KBR Inc. stock has plunged, decreasing by -0.36 million shares to total 7.28 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 6.92 million, data from Yahoo Finance shows. The increase of 4.95% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 5.79% of the overall float for the stock.
KBR Inc.’s Biggest Shareholders: Who Owns KBR Inc. [KBR]?
Filings by BlackRock Fund Advisors showed that the firm now holds a total of 14,322,337 shares or roughly 10.05% of the outstanding KBR shares. This means their shares have reduced by -547,313 from the 14,322,337 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, Inc. updated stake is worth $351,832,404. Details in the latest 13F filings reveal that Massachusetts Financial Services disposed off their -3.70% stake valued at $234,791,740 while Dimensional Fund Advisors LP cut theirs at $132,822,549. During the last quarter, Massachusetts Financial Services liquidated -325,061 of its shares in KBR Inc. while Dimensional Fund Advisors LP sold -603,192 shares. The Macquarie Investment Management B’s holdings currently number 4,735,685 shares at $149079363.8. According to the firm’s last 13F report, SSgA Funds Management, Inc. shares in the company at filing stood at 4,435,594 shares, roughly $123,176,445.
KBR Earnings Forecast For The Current Quarter
KBR Inc. [KBR] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $1.51B and an earnings per share of $0.49 for Dec 2020. Looking further ahead, the company is expected to report revenue of $1.43B at an EPS of $0.48 for Mar 2021. The estimates represent upside of 2.30% and 20.86% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
KBR Earnings Estimates For The Current Year
For the financial year, KBR Inc. [NYSE:KBR] is expected to bring in revenue of $5.82B. The returns are nearly $180.0 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 1.72, higher than that of FY19 by $0.03. Estimates put this year’s earnings growth at 1.80%, 20.30% for the next, and at an annual 9.95% over the next 5-year period. As for sales, forecasts are for an increase of 3.20% in the current fiscal year and a further 2.30% over the following year.