Jacobs Engineering Group Given New $63.00 Price Target at Robert W. Baird (JEC)
Robert W. Baird decreased their price target on shares of Jacobs Engineering Group (NYSE:JEC) from $64.00 to $63.00 in a research note issued on Thursday. Robert W. Baird’s target price would suggest a potential upside of 25.32% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Jacobs Engineering Group in a research note on Wednesday. They now have a $58.00 price target on the stock, down previously from $60.00. Separately, analysts at Macquarie reiterated a “neutral” rating on shares of Jacobs Engineering Group in a research note on Wednesday. They now have a $58.00 price target on the stock, down previously from $68.00. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $64.91.
Shares of Jacobs Engineering Group (NYSE:JEC) traded down 1.06% during mid-day trading on Thursday, hitting $50.27. The stock had a trading volume of 1,411,088 shares. Jacobs Engineering Group has a one year low of $49.79 and a one year high of $66.88. The stock’s 50-day moving average is $53.80 and its 200-day moving average is $58.63. The company has a market cap of $6.649 billion and a P/E ratio of 19.04.
Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings data on Monday, July 28th. The company reported $0.84 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.79 by $0.05. Analysts expect that Jacobs Engineering Group will post $3.09 EPS 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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