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Drexel Hamilton analyst Brian Ruttenbur reiterated a Buy rating on KBR Inc (NYSE: KBR) today and set a price target of $22. The company’s shares opened today at $19.75.
Ruttenbur wrote:
“We note that Aspire added to revenue and costs in the period (Aspire is the UK project for housing/food service of the UK military). We continue to see the potential for an acceleration in growth from higher government budgets. Going forward, we estimate the company will grow Government Services revenue internally at north of 3%-6% CAGR (excluding acquisitions). The company’s largest contract, LOGCAP (roughly 10% of divisional revenue), is up for re-bid late fall, and we believe the company is well-positioned. In fact, we anticipate some “up-sizing” in the current LOGCAP contract between now and the end of the year.”
According to TipRanks.com, Ruttenbur is ranked #1333 out of 4836 analysts.
Currently, the analyst consensus on KBR Inc is a Moderate Buy with an average price target of $21.
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KBR Inc’s market cap is currently $2.63B and has a P/E ratio of 4.93. The company has a Price to Book ratio of 1.74.
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KBR, Inc. offers a portfolio of proprietary technology and consulting services, which includes engineering, construction, procurement and asset maintenance services, base operational, logistics, life support and asset management services. It operates through the following segments: Technology & Consulting, Government Services and Engineering & Construction.
