Jacobs Engineering Group Given Consensus Rating of “Hold” by Brokerages (NYSE:JEC)
Shares of Jacobs Engineering Group (NYSE:JEC) have earned a consensus recommendation of “Hold” from the fourteen brokerages that are currently covering the stock, AnalystRatings.NET reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $63.64.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Jacobs Engineering Group from a “neutral” rating to an “underperform” rating in a research note on Wednesday, August 6th. They now have a $45.00 price target on the stock. Separately, analysts at Robert W. Baird cut their price target on shares of Jacobs Engineering Group from $64.00 to $63.00 in a research note on Thursday, July 31st. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Jacobs Engineering Group in a research note on Wednesday, July 30th. They now have a $58.00 price target on the stock, down previously from $60.00.
Shares of Jacobs Engineering Group (NYSE:JEC) opened at 53.91 on Tuesday. Jacobs Engineering Group has a 52-week low of $49.57 and a 52-week high of $66.88. The stock has a 50-day moving average of $52.87 and a 200-day moving average of $57.21. The company has a market cap of $7.173 billion and a P/E ratio of 20.20.
Jacobs Engineering Group (NYSE:JEC) last posted its quarterly 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 $3.25 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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