UBS Maintains a 'Buy' on KBR, Inc. (KBR); Breadth of Franchise to Support Growth
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Price: $38.37 +0.55%
Rating Summary:
10 Buy, 12 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
10 Buy, 12 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Buy' on KBR, Inc. (NYSE: KBR) price target raised from $42 to $45.
UBS analyst says, "Q4 was $0.60, helped by a lower tax rate, which we estimate added ~$0.07/sh vs. our estimate, offset by $25m of charges (~$0.13/sh) on three legacy mining projects. Revenues of $2.10b were below the Street of $2.45b and UBSe mainly due to weakness in Gas Mon and Services. Margins were in line with our model."
"While the mining charges are a disappointment, and the bookings were light, we believe the KBR story is still on track. We continue to expect backlog to grow over the next year, driven by KBR’s breadth of franchise, including major global energy/commodity projects and improvement in North American construction markets."
For an analyst ratings summary and ratings history on KBR, Inc. click here. For more ratings news on KBR, Inc. click here.
Shares of KBR, Inc. closed at $36.11 yesterday.
UBS analyst says, "Q4 was $0.60, helped by a lower tax rate, which we estimate added ~$0.07/sh vs. our estimate, offset by $25m of charges (~$0.13/sh) on three legacy mining projects. Revenues of $2.10b were below the Street of $2.45b and UBSe mainly due to weakness in Gas Mon and Services. Margins were in line with our model."
"While the mining charges are a disappointment, and the bookings were light, we believe the KBR story is still on track. We continue to expect backlog to grow over the next year, driven by KBR’s breadth of franchise, including major global energy/commodity projects and improvement in North American construction markets."
For an analyst ratings summary and ratings history on KBR, Inc. click here. For more ratings news on KBR, Inc. click here.
Shares of KBR, Inc. closed at $36.11 yesterday.
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