Jacobs Engineering Group Stock Rating Reaffirmed by Stifel Nicolaus (JEC)
Jacobs Engineering Group (NYSE:JEC)‘s stock had its “buy” rating reiterated by equities researchers at Stifel Nicolaus in a research report issued on Wednesday, Stock Ratings Network.com reports. They currently have a $67.00 price objective on the stock, up from their previous price objective of $66.00. Stifel Nicolaus’ price target points to a potential upside of 19.05% from the stock’s previous close.
The analysts wrote, “We are increasing our target price for JEC stock from $66 to $67/sh. We value JEC stock based on EV/Backlog as well as P/E, P/B, EV/Rev., EV/EBITDA and P/Rev in comparison to prior cycles. Our $67 target price is the average of the 6 approaches and represents 19% upside.”
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group initiated coverage on shares of Jacobs Engineering Group in a research note to investors on Wednesday. They set a “hold” rating on the stock. Separately, 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. Finally, 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. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $58.87.
Jacobs Engineering Group (NYSE:JEC) traded down 0.30% on Wednesday, hitting $56.11. The stock had a trading volume of 158,299 shares. Jacobs Engineering Group has a 1-year low of $38.28 and a 1-year 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 $7.377 billion and a P/E ratio of 17.48.
Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.83 earnings per share (EPS) for the quarter, missing the 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. On average, analysts predict that Jacobs Engineering Group will post $3.26 earnings per share for the current fiscal year.
In other Jacobs Engineering Group news, Director Robert Davidson, Jr. unloaded 4,000 shares of the company’s stock on the open market in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $58.36, for a total transaction of $233,440.00. Following the sale, the director now directly owns 19,500 shares of the company’s stock, valued at approximately $1,138,020. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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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