Jacobs Engineering Group Rating Increased to Buy at Jefferies Group (JEC)
Jacobs Engineering Group (NYSE:JEC) was upgraded by stock analysts at Jefferies Group from a “hold” rating to a “buy” rating in a report issued on Friday, TheFlyOnTheWall.com reports. The firm currently has a $76.00 price target on the stock, up from their previous price target of $64.00. Jefferies Group’s price target points to a potential upside of 20.63% from the company’s current price.
A number of other firms have also recently commented on JEC. Analysts at Deutsche Bank raised their price target on shares of Jacobs Engineering Group from $62.00 to $64.00 in a research note to investors on Friday, January 17th. Separately, analysts at UBS AG upgraded shares of Jacobs Engineering Group from a “neutral” rating to a “buy” rating in a research note to investors on Monday, January 13th. They now have a $75.00 price target on the stock, up previously from $60.00. Finally, analysts at Robert W. Baird upgraded shares of Jacobs Engineering Group from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, January 2nd. They now have a $74.00 price target on the stock, up previously from $67.00. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $66.80.
Shares of Jacobs Engineering Group (NYSE:JEC) traded down 2.48% on Friday, hitting $63.00. The stock had a trading volume of 1,709,714 shares. Jacobs Engineering Group has a one year low of $46.92 and a one year high of $66.88. The stock’s 50-day moving average is $61.59 and its 200-day moving average is $59.94. The company has a market cap of $8.298 billion and a P/E ratio of 20.00.
Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.76 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.73 by $0.03. On average, analysts predict that Jacobs Engineering Group will post $3.70 earnings per share for the current fiscal year.
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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