KBR (KBR – Research Report), the Industrials sector company, was revisited by a Wall Street analyst yesterday. Analyst Jerry Revich from Goldman Sachs maintained a Buy rating on the stock and has a $64.00 price target.
Jerry Revich has given his Buy rating due to a combination of factors including KBR’s strong financial performance and strategic positioning. The company’s recent quarterly results showed a notable EBITDA beat, surpassing both Goldman Sachs estimates and market consensus, despite challenges from an LNG project scope increase. Furthermore, KBR’s forward guidance for 2025 EBITDA is slightly above consensus, with a significant portion of its Government Solutions revenue already contracted, indicating a stable revenue stream.
Additionally, KBR’s solid book-to-bill ratios in both Government Solutions and Sustainable Technology Solutions suggest robust demand and effective project execution. The company has secured key roles in major projects such as Shell’s Manatee LNG project and Saudi Aramco’s Shaybah Project, which are expected to drive future growth. These factors, coupled with KBR’s strategic agreements and project advancements, underpin Revich’s positive outlook on the stock.