Jacobs Engineering Group Now Covered by Analysts at Jefferies Group (JEC)
Equities research analysts at Jefferies Group assumed coverage on shares of Jacobs Engineering Group (NYSE:JEC) in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock.
Shares of Jacobs Engineering Group (NYSE:JEC) opened at 56.28 on Wednesday. Jacobs Engineering Group has a 52 week low of $38.28 and a 52 week high of $62.33. The stock has a 50-day moving average of $58.54 and a 200-day moving average of $56.25. The company has a market cap of $7.399 billion and a price-to-earnings ratio of 17.48.
Jacobs Engineering Group (NYSE:JEC) last released its earnings data on Monday, July 29th. The company reported $0.83 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.85 by $0.02. The company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $2.98 billion.
In other Jacobs Engineering Group news, Director Robert Davidson, Jr. sold 4,000 shares of Jacobs Engineering Group stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $58.36, for a total value of $233,440.00. Following the transaction, the director now directly owns 19,500 shares of the company’s stock, valued at approximately $1,138,020. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
JEC has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “hold” rating on shares of Jacobs Engineering Group in a research note to investors on Monday, September 9th. They now have a $62.00 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Jacobs Engineering Group from $56.00 to $63.00 in a research note to investors on Monday, September 9th. Finally, analysts at Bank of America Corp. downgraded shares of Jacobs Engineering Group to a “neutral” rating in a research note to investors on Friday, September 6th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $58.73.
Jacobs Engineering Group Inc is a technical professional services firm. The Company provides a diverse range of technical, professional, and construction services to a number of industrial, commercial, and governmental clients.
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