KBR, Inc. (NYSE:KBR) is among the top gainers of the stock market today, skyrocketing 3.54% or (0.88 points) to $25.71 from its previous close of $24.83. Does this growth mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 990795 contracts so far this session. KBR shares had a relatively better volume day versus average trading capacity of 1.1 million shares, but with a 0.14 billion float and a 4.11% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for KBR stock indicates that the average analyst price target is $30 per share. This means the stock has a potential increase of 16.69% from where the KBR share price has been trading recently which is between $24.675 and $25.18. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $26.
The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Here’s Why MasTec (MTZ) Stock is a Must Buy at the Moment” and dated August 13, 2019.
During the recent trading session for KBR, Inc. (NYSE:KBR), the company witnessed their stock rise $1.37 over a week and surge $0.43 from the price 20 days ago. When compared to their established 52-week high of $26.84, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 07/24/19. The recent low of $13.9 stood for a -4.23% since 12/21/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.42 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for KBR, Inc., the two-week RSI stands at 54.92. This figure suggests that KBR stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current KBR readings is similarly very revealing as it has a stochastic reading of 50.01% at this stage. This figure means that KBR share price today is being neutral.
Technical chart claims that KBR, Inc. (KBR) would settle between $25.12/share to $25.4/share level. However, if the stock price goes below the $24.61 mark, then the market for KBR, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $24.38 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.36. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at SunTrust, assumed coverage of KBR assigning Buy rating, according to their opinion released on July 22. Cowen analysts bumped their rating on KBR, Inc. (NYSE:KBR) stock from Market Perform to Outperform in a separate flash note issued to investors on July 19. Analysts at Macquarie lowered the stock to a Neutral call from its previous Outperform recommendation, in a research note that dated back to September 19.
KBR equity has an average rating of 2.45, with the figure leaning towards a bullish end. 11 analysts who tracked the company were contacted by Reuters. Amongst them, 6 rated the stock as a hold while the remaining 5 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 5 analysts rated KBR, Inc. (NYSE:KBR) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, KBR stock price is currently trading at 12.6X forward 12-month Consensus EPS estimates, and its P/S ratio is 0.71 while for the average stock in the same group, the multiple is 0.84. KBR, Inc. current P/E ratio of 20.26 means it is trading at a premium against its industry’s 15.43. In the past 5 years, this ratio for the stock has been fluctuating between 7.62 and 12.
KBR, Inc. (KBR)’s current-quarter revenues are projected to climb by nearly 12.12% to hit $1.43 billion, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 14.63% from $4.91 billion to a noteworthy $5.63 billion. At the other end of the current quarter income statement, KBR, Inc. is expected to see its adjusted earnings surge by roughly -4.35% to hit $0.44 per share. For the fiscal year, KBR’s earnings are projected to climb by roughly 9.15% to hit $1.67 per share.