Cracking The Code: Understanding Analyst Reviews For KBR
Portfolio Pulse from Benzinga Insights
Recent analyst reviews on KBR (NYSE:KBR) show a generally bullish outlook, with 6 analysts offering insights over the past three months. The average 12-month price target for KBR is $69.33, marking a 4.73% increase from the previous target of $66.20. Analyst actions include both upgrades and a downgrade, with price targets ranging from $63.00 to $80.00. KBR, a global provider of engineering and construction services, reported a revenue growth of 7.59% and a net margin of 1.21% for the year 2023, indicating strong performance despite some challenges in debt management and return on equity.
March 12, 2024 | 12:02 pm
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Analysts have a generally bullish outlook on KBR, with recent upgrades and a single downgrade. The average 12-month price target is now $69.33, up from $66.20. KBR's strong performance metrics for 2023, including a 7.59% revenue growth, support a positive short-term impact on its stock.
The bullish sentiment among analysts, reflected in recent upgrades and the increased average price target, suggests confidence in KBR's financial health and market position. The company's reported revenue growth and net margin for 2023 further reinforce this positive outlook, likely leading to a short-term upward movement in KBR's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100