Jacobs Engineering Group Given Consensus Rating of “Hold” by Brokerages (NYSE:JEC)
Jacobs Engineering Group (NYSE:JEC) has been given a consensus rating of “Hold” by the sixteen ratings firms that are currently covering the stock, StockRatingsNetwork reports. Ten investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $66.75.
Shares of Jacobs Engineering Group (NYSE:JEC) opened at 53.99 on Wednesday. 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 $54.39 and its 200-day moving average is $59.05. The company has a market cap of $7.141 billion and a P/E ratio of 18.23.
JEC has been the subject of a number of recent research reports. Analysts at Wells Fargo & Co. initiated coverage on shares of Jacobs Engineering Group in a research note on Wednesday. They set an “outperform” rating on the stock. Separately, 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. Finally, 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.
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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