Key Highlights:
- KBR has secured a major engineering contract for an ammonia and urea plant in Iraq.
- Analysts forecast significant stock price growth potential, with an average target suggesting a 43.11% upside.
- GuruFocus estimates indicate a substantial 70.12% increase in GF Value for KBR over the next year.
KBR Inc. (KBR) has secured a front-end engineering design (FEED) contract from KAR Electrical Power Production Trading FZE for a state-of-the-art ammonia and urea plant in Basra, Iraq. The project involves designing an impressive 2,300 metric tons per day ammonia facility along with a robust 3,850 metric tons per day urea unit. This expansion marks a significant milestone for KBR in the global chemicals market.
Analyst Price Targets and Recommendations
According to the latest insights from 7 Wall Street analysts, the average 12-month price target for KBR Inc. is set at $65.14. This forecast includes a high estimate of $78.00 and a low of $54.00, suggesting a promising upside potential of 43.11% from its current trading price of $45.52. For more exhaustive details on their projections, investors are encouraged to visit the KBR Inc. Forecast page on GuruFocus.
Further enhancing investor confidence, the consensus from 8 brokerage firms places KBR at an average recommendation of 2.1, categorically labeled as "Outperform." This endorsement reflects the favorable status of KBR within the industry, with a rating scale where 1 denotes a Strong Buy and 5 indicates a Sell.
GuruFocus GF Value Estimation
GuruFocus provides a compelling future outlook for KBR, estimating the GF Value at $77.44 within the next year. This prediction implies a significant 70.12% upside from its current market price of $45.52. The GF Value metric is calculated based on historical trading multiples, former business growth, and projections of future business performance. Investors seeking more detailed insights are recommended to explore the KBR Inc. Summary page on GuruFocus.
As KBR propels forward with its ambitious projects and strong market positioning, the company's potential for growth appears noteworthy, making it a stock to watch for savvy investors.
