Jacobs Engineering Group Receives Consensus Rating of “Hold” from Brokerages (NYSE:JEC)
Shares of Jacobs Engineering Group (NYSE:JEC) have earned an average recommendation of “Hold” from the sixteen ratings firms that are presently covering the stock, Stock Ratings Network.com reports. Ten analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $66.62.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Jacobs Engineering Group from an “outperform” rating to a “neutral” rating in a research note on Wednesday, May 7th. They now have a $59.00 price target on the stock. Separately, analysts at FBR Capital Markets reiterated a “market perform” rating on shares of Jacobs Engineering Group in a research note on Thursday, May 1st. They now have a $64.00 price target on the stock, down previously from $66.00. Finally, analysts at Deutsche Bank cut their price target on shares of Jacobs Engineering Group from $64.00 to $60.00 in a research note on Wednesday, April 30th. They now have a “hold” rating on the stock.
Jacobs Engineering Group (NYSE:JEC) traded up 0.42% during mid-day trading on Wednesday, hitting $54.75. The stock had a trading volume of 614,905 shares. Jacobs Engineering Group has a 52 week low of $52.57 and a 52 week high of $66.88. The stock’s 50-day moving average is $58.46 and its 200-day moving average is $60.82. The company has a market cap of $7.241 billion and a price-to-earnings ratio of 18.12.
Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by $0.07. On average, analysts predict that Jacobs Engineering Group will post $3.05 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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