Jacobs Engineering Group Given “Neutral” Rating at Macquarie (JEC)
Jacobs Engineering Group (NYSE:JEC)‘s stock had its “neutral” rating reaffirmed by analysts at Macquarie in a research report issued to clients and investors on Wednesday. They currently have a $58.00 target price on the stock, down from their previous target price of $68.00. Macquarie’s target price would suggest a potential upside of 12.08% from the company’s current price.
Jacobs Engineering Group (NYSE:JEC) traded down 1.18% on Wednesday, hitting $51.75. The stock had a trading volume of 1,602,785 shares. Jacobs Engineering Group has a 52-week low of $52.37 and a 52-week high of $66.88. The stock has a 50-day moving average of $54.18 and a 200-day moving average of $58.84. The company has a market cap of $6.816 billion and a P/E ratio of 19.62.
Jacobs Engineering Group (NYSE:JEC) last announced its earnings results on Monday, July 28th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.05. On average, analysts predict that Jacobs Engineering Group will post $3.09 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on JEC. Analysts at Barclays reiterated an “equal weight” rating on shares of Jacobs Engineering Group in a research note on Wednesday. They now have a $61.00 price target on the stock, down previously from $63.00. Separately, analysts at Credit Suisse cut their price target on shares of Jacobs Engineering Group from $68.00 to $64.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at Wells Fargo & Co. initiated coverage on shares of Jacobs Engineering Group in a research note on Wednesday, July 23rd. They set an “outperform” rating on the stock. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $65.38.
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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