Market Overview

UPDATE: D.A. Davidson & Co. Reiterates On KBR As First Quarter Shortfall Dampens Outlook


In a report published Friday, D.A. Davidson & Co. analyst John B. Rogers reiterated a Buy rating on KBR (NYSE: KBR), but lowered the price target from $38.00 to $30.00.

In the report, D.A. Davidson & Co. noted, “KBR reported a first quarter loss of $0.29 per share, substantially below our expectations due to project losses and other operating issues. Please see our previous variance report. Errors discovered in the 2013 financial results related to project loss recognition delayed the Q1 report. Additionally, backlog at the end of the quarter slipped further due to low bookings activity, but remains at a relatively high level. Despite the losses, the company continues to maintain a very secure financial position with no debt and substantial cash.”

KBR closed on Thursday at $24.46.

Latest Ratings for KBR

Aug 2019ReinstatesBuy
Jul 2019Initiates Coverage OnBuy
Jul 2019UpgradesMarket PerformOutperform

View More Analyst Ratings for KBR
View the Latest Analyst Ratings

Posted-In: D.A. Davidson & Co. John B. RogersAnalyst Color Price Target Analyst Ratings


Related Articles (KBR)

View Comments and Join the Discussion!

Latest Ratings

HSKACanaccord GenuityMaintains75.0
AVGOMorgan StanleyMaintains265.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

UPDATE: Darden Posts Lower FQ4 Profit, Shares Fall

UPDATE: D.A. Davidson & Co. Reiterates On Gildan Activewear On Additional Long-Term Growth Driver