) hit a new 52-week high on May 15, with a price of $32.82,
beating its previous high of $32.65 attained on March 28, 2013.
Total number of shares traded on that date was 2,197,411 as
compared to 3-month average trade volume of 1,292,950. KBR shares
are currently trading at $32.80 as of closing on May 15,
reflecting a year-to-date return of 4.3%.
Shares of this leading global engineering, construction and
services company have been constantly demonstrating an upward
trend for the last one month. This movement, however, is subject
to a cyclical trend in prices which can be observed over the last
Factors to consider
KBR recently reported first quarter 2013 earnings of 59 cents
a share, beating the Zacks Consensus Estimate of 47 cents by
28.6%. However, quarterly earnings were down 3.3% year over year.
Profits in the last reported quarter were impacted by projects
that the company is executing since the past quarter. The company
has a positive earnings growth expectation. In the trailing four
quarters, KBR also reported an average earnings surprise of
The company recently received a number of new orders. These
include a contract from the London Mayor's Office for Policing
and Crime to provide facilities management integrator services to
the Metropolitan Police Service; and a turnaround services
contract for the pyrolysis gasoline (pygas) unit on the US Gulf
Coast by a chemical unit in Australia for a road and rail
project. With this steady inflow of new orders, the company is
expected to report a growth in revenue and margins in the long
The company's current valuations also look attractive; it has
a forward PE ratio of 11.84 compared to 15.30 for the S&P
500. This makes the stock under priced at current level. KBR
currently has a market cap of $4.71 billion.
Other Stock to Consider
KBR currently has Zacks Rank #3 (Hold). Other stocks from the
same sector that look promising include Michael Baker Corporation
) with a Zacks Rank #1 (Strong Buy), while Harris & Harris
Group, Inc. (
) and Quanta Services, Inc. (
) have Zacks Rank # 2 (Buy) each.
BAKER (MICHAEL) (BKR): Free Stock Analysis
KBR INC (KBR): Free Stock Analysis Report
QUANTA SERVICES (PWR): Free Stock Analysis
HARRIS & HARRIS (TINY): Get Free Report
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