Price Action Don’t Lie: What’s Ahead for KBR, Inc. After Today’s Significant Increase?

Price Action Don't Lie: What's Ahead for KBR, Inc. After Today's Significant Increase?

The stock of KBR, Inc. (NYSE:KBR) is a huge mover today! About 1.84M shares traded hands. KBR, Inc. (NYSE:KBR) has risen 4.47% since April 8, 2016 and is uptrending. It has underperformed by 1.18% the S&P500.
The move comes after 7 months positive chart setup for the $2.47 billion company. It was reported on Nov, 10 by Barchart.com. We have $25.53 PT which if reached, will make NYSE:KBR worth $1.58B more.

KBR, Inc. (NYSE:KBR) Ratings Coverage

Out of 8 analysts covering KBR Inc (NYSE:KBR), 3 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 38% are positive. KBR Inc has been the topic of 15 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by M Partners on Tuesday, September 13. The firm has “Neutral” rating by Goldman Sachs given on Monday, March 28. The stock has “Accumulate” rating given by Johnson Rice on Wednesday, October 5. Citigroup initiated the shares of KBR in a report on Friday, November 13 with “Sell” rating. The firm earned “Sell” rating on Monday, December 7 by Goldman Sachs. Johnson Rice downgraded the shares of KBR in a report on Monday, May 2 to “Hold” rating. The firm has “Neutral” rating by UBS given on Wednesday, August 5. The firm has “Neutral” rating given on Thursday, August 6 by Bank of America. As per Tuesday, October 11, the company rating was downgraded by Goldman Sachs. As per Wednesday, June 29, the company rating was initiated by M Partners.

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.”

Insitutional Activity: The institutional sentiment increased to 1.42 in Q2 2016. Its up 0.36, from 1.06 in 2016Q1. The ratio increased, as 31 funds sold all KBR, Inc. shares owned while 59 reduced positions. 28 funds bought stakes while 100 increased positions. They now own 136.05 million shares or 4.84% more from 129.78 million shares in 2016Q1.
Morgan Stanley owns 1.61 million shares or 0.01% of their US portfolio. Utd Svcs Automobile Association accumulated 1.18M shares or 0.06% of the stock. Advsrs Asset Mgmt last reported 37,300 shares in the company. Qs Limited Company accumulated 0.05% or 425,262 shares. Capstone Advsrs Ltd Liability Com has invested 0% of its portfolio in KBR, Inc. (NYSE:KBR). Cantab Capital Prns Llp owns 45,960 shares or 0% of their US portfolio. Gemmer Asset Management Limited holds 158 shares or 0% of its portfolio. Macquarie Group Incorporated holds 0.01% or 233,300 shares in its portfolio. Engineers Gate Manager L P, a New York-based fund reported 84,459 shares. Moreover, D E Shaw & Co has 0.02% invested in KBR, Inc. (NYSE:KBR) for 844,706 shares. Bnp Paribas Arbitrage accumulated 76,605 shares or 0% of the stock. The Ohio-based Victory Cap Mngmt has invested 0% in KBR, Inc. (NYSE:KBR). Dimensional Fund Advsr Lp has 2.72M shares for 0.02% of their US portfolio. Amer holds 0% or 337,865 shares in its portfolio. Legal And General Group Public Limited Com has 146,606 shares for 0% of their US portfolio.

More recent KBR, Inc. (NYSE:KBR) news were published by: Fool.com which released: “Why Shares of KBR, Inc. Are Rising 10% Today” on November 09, 2016. Also Nasdaq.com published the news titled: “KBR Inc. (KBR) Misses Q3 Earnings & Revenues, Guides Down” on November 03, 2016. Prnewswire.com‘s news article titled: “Services Stocks Technical Reports — KBR Inc., AECOM, Jacobs Engineering Group …” with publication date: October 26, 2016 was also an interesting one.

KBR Company Profile

KBR, Inc. (KBR), incorporated on March 21, 2006, is an engineering, procurement, construction and services company. The Firm supports global hydrocarbons and international Government services market sectors. 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. The Firm operates through three business divisions: Technology & Consulting (T&C), Engineering & Construction (E&C), and Government Services (GS). The Firm provides services to a customer base, including international and national gas and oil companies, independent refiners, petrochemical producers, fertilizer producers, manufacturers and domestic and foreign Governments.

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