Bed Bath & Beyond (NASDAQ:BBBY)‘s stock had its “neutral” rating restated by Zacks in a research report issued to clients and investors on Thursday, AnalystRatingsNetwork reports. They currently have a $66.00 price target on the stock. Zacks‘s target price would suggest a potential upside of 5.63% from the stock’s previous close. Bed Bath & Beyond Inc.(NASDAQ:BBBY) shares after opening at $61.45 moved to $61.55 on last trade day and at the end of the day closed at $61.00. Company price to sales ratio in past twelve months was calculated as 1.08 and price to cash ratio as 14.54. Bed Bath & Beyond Inc.(NASDAQ:BBBY) showed a negative weekly performance of -1.82%.
KBR Inc. (NYSE:KBR) announced today that the Audit Committee of the company’s Board of Directors has concluded that the company’s previously issued condensed consolidated financial statements for the year ended December 31, 2013, should no longer be relied upon and should be restated.In connection with the preparation of KBR’s Form 10-Q for the three months ending March 31, 2014, we determined that the estimated costs to complete seven Canadian pipe fabrication and module assembly contracts within our Services business segment that were awarded during 2012-2013 will result in pre-tax charges of $158 million, consisting of the reversal of $23 million in previously recognized pre-tax profits and the recognition of approximately $135 million in pre-tax estimated losses at completion. The negative cash impact associated with the work released to date under the seven contracts has largely been incurred and the forecast net negative cash flow to complete this work is expected to be less than $45 million. Our review of this matter is ongoing and therefore the amounts previously noted are subject to change. We believe that the majority of these losses should have been recognized in our consolidated financial statements for the year ended December 31, 2013. KBR, Inc.(NYSE:KBR) shares fell -0.17% in last trading session and ended the day on $23.44. KBR return on equity ratio is recorded as 15.30% and its return on assets is 7.40%. KBR, Inc.(NYSE:KBR) yearly performance is -23.05%.
MercadoLibre (NASDAQ:MELI) is scheduled to be issuing its Q114 quarterly earnings data on Thursday, May 8th. Analysts expect the company to announce earnings of $0.57 per share and revenue of $109.37 million for the quarter. Mercadolibre Inc (NASDAQ:MELI) shares moved down -0.85% in last trading session and was closed at $84.12, while trading in range of $ 80.44 – 85.76. Mercadolibre Inc(NASDAQ:MELI) year to date (YTD) performance is -21.82%.
ReachLocal (NASDAQ:RLOC)‘s stock had its “neutral” rating reaffirmed by JPMorgan Chase & Co. in a research note issued on Wednesday, AmericanBankingNews.com reports. They currently have a $8.00 target price on the stock, down from their previous target price of $12.00. JPMorgan Chase & Co.’s target price would suggest a potential downside of 19.44% from the company’s current price. ReachLocal Inc.(NASDAQ:RLOC) weekly performance is -29.20%. On last trading day company shares ended up $7.08. ReachLocal Inc.(NASDAQ:RLOC) distance from 50-day simple moving average (SMA50) is -30.39%. Analysts mean target price for the company is $15.00.