KBR, Inc. (NYSE:KBR) was downgraded by equities researchers at Vertical Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday, The Fly reports.

A number of hedge funds and institutional investors recently made changes to their positions in the stock. Capital Fund Management S.A. bought a new position in shares of KBR during the fourth quarter worth approximately $1,356,000. Quotient Investors bought a new position in shares of KBR during the fourth quarter worth approximately $783,000. Louisiana State Employees Retirement System bought a new position in shares of KBR during the fourth quarter worth approximately $675,000. ING Groep increased its position in shares of KBR by 2.0% in the third quarter. ING Groep now owns 637,683 shares of the company’s stock worth $10,637,000 after buying an additional 12,724 shares during the last quarter. Finally, KBC Group increased its position in shares of KBR by 9.2% in the third quarter. KBC Group now owns 63,116 shares of the company’s stock worth $1,052,000 after buying an additional 5,325 shares during the last quarter.

KBR has been the topic of a number of other reports. Zacks Investment Research downgraded shares of KBR from a “buy” rating to a “hold” rating in a research report on Monday, January 4th. Credit Suisse boosted their price target on shares of KBR from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 3rd. Goldman Sachs cut shares of KBR from a “neutral” rating to a “sell” rating and set a $19.00 price objective on the stock. in a research note on Monday, December 7th. Tudor Pickering cut shares of KBR from an “accumulate” rating to a “hold” rating in a research note on Monday. Finally, Citigroup Inc. started coverage on shares of KBR in a research note on Friday, November 13th. They issued a “sell” rating and a $18.00 price objective on the stock. Five analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. KBR presently has an average rating of “Hold” and a consensus price target of $20.11.

KBR (NYSE:KBR) traded up 3.94% during trading on Wednesday, reaching $14.26. 1,659,243 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $15.76 and its 200-day moving average price is $17.49. The stock’s market capitalization is $2.06 billion. KBR has a 52 week low of $13.02 and a 52 week high of $20.77.

KBR (NYSE:KBR) last released its quarterly earnings results on Monday, November 2nd. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.12. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.33 billion. The firm’s quarterly revenue was down 27.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 earnings per share. On average, equities analysts expect that KBR will post $1.42 EPS for the current year.

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 (NYSE:KBR), 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.

12 Month Chart for NYSE:KBR

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