Truist analyst Tobey Sommer has updated the investment outlook for KBR Inc. (KBR, Financial), adjusting the price target from $70 to $60 while maintaining a Buy rating on the stock. This adjustment comes as part of a wider assessment of the Government Services sector, with a focus on the company's upcoming first-quarter results.
The firm anticipates that several imminent catalysts could make the sector more appealing to investors over the next six months. These include increased clarity regarding the extent and geographical distribution of budget cuts, along with anticipated actions by the Department of Energy (DOGE). Tobey Sommer suggests that these factors could help mitigate current macroeconomic uncertainties and the broader market downturn.
Despite the reduced price target, Truist still views KBR positively, highlighting its defensive qualities, which may continue to attract new investors during turbulent market conditions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 8 analysts, the average target price for KBR Inc (KBR, Financial) is $70.88 with a high estimate of $80.00 and a low estimate of $55.00. The average target implies an upside of 41.58% from the current price of $50.06. More detailed estimate data can be found on the KBR Inc (KBR) Forecast page.
Based on the consensus recommendation from 8 brokerage firms, KBR Inc's (KBR, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for KBR Inc (KBR, Financial) in one year is $78.33, suggesting a upside of 56.47% from the current price of $50.06. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the KBR Inc (KBR) Summary page.
