Cowen & Co. Believes KBR Inc (KBR) Won’t Stop Here


In a report released yesterday, Gautam Khanna from Cowen & Co. maintained a Buy rating on KBR Inc (KBR), with a price target of $31. The company’s shares closed yesterday at $25.57, close to its 52-week high of $26.85.

According to TipRanks.com, Khanna is a 5-star analyst with an average return of 12.6% and a 68.8% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as L3Harris Technologies Inc, Transdigm Group Inc, and Huntington Ingalls.

KBR Inc has an analyst consensus of Strong Buy, with a price target consensus of $30.50.

See today’s analyst top recommended stocks >>

Based on KBR Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.42 billion and net profit of $48 million. In comparison, last year the company earned revenue of $1.27 billion and had a net profit of $42 million.

Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock. Last month, Eileen Akerson, the EVP & GC of KBR sold 213 shares for a total of $5,538.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

KBR, Inc. engages in the provision of differentiated professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. It operates through the following segments: Government Services, Technology, Hydrocarbons Services, Non-strategic Business, and Other.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts