Jacobs Engineering Group Inc. (JEC) Given Consensus Recommendation of “Hold” by Analysts
Shares of Jacobs Engineering Group Inc. (NYSE:JEC) have received an average rating of “Hold” from the thirteen research firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $61.56.
A number of equities analysts have recently issued reports on the company. BidaskClub upgraded Jacobs Engineering Group from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Citadel Securities cut Jacobs Engineering Group from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $62.00 to $66.00 in a report on Tuesday. Jefferies Group LLC reiterated a “hold” rating and issued a $61.00 price objective on shares of Jacobs Engineering Group in a report on Friday, August 4th. Credit Suisse Group reiterated a “buy” rating and issued a $69.00 price objective on shares of Jacobs Engineering Group in a report on Friday, April 21st. Finally, Zacks Investment Research upgraded Jacobs Engineering Group from a “sell” rating to a “hold” rating in a report on Thursday.
Several large investors have recently added to or reduced their stakes in JEC. BlackRock Inc. raised its position in Jacobs Engineering Group by 2,990.4% in the first quarter. BlackRock Inc. now owns 7,894,069 shares of the construction company’s stock worth $436,383,000 after buying an additional 7,638,632 shares during the last quarter. Wells Fargo & Company MN raised its position in Jacobs Engineering Group by 373.8% in the second quarter. Wells Fargo & Company MN now owns 2,377,957 shares of the construction company’s stock worth $129,336,000 after buying an additional 1,876,081 shares during the last quarter. AQR Capital Management LLC raised its position in Jacobs Engineering Group by 50.2% in the first quarter. AQR Capital Management LLC now owns 2,653,141 shares of the construction company’s stock worth $146,665,000 after buying an additional 886,230 shares during the last quarter. American Century Companies Inc. acquired a new position in Jacobs Engineering Group during the first quarter worth approximately $47,022,000. Finally, Primecap Management Co. CA raised its position in Jacobs Engineering Group by 7.8% in the first quarter. Primecap Management Co. CA now owns 8,258,797 shares of the construction company’s stock worth $456,546,000 after buying an additional 599,550 shares during the last quarter. 87.41% of the stock is owned by institutional investors.
Shares of Jacobs Engineering Group (NYSE JEC) traded down 0.19% on Friday, reaching $52.58. The company’s stock had a trading volume of 1,007,287 shares. Jacobs Engineering Group has a 52-week low of $49.15 and a 52-week high of $63.42. The stock has a market cap of $6.33 billion, a P/E ratio of 27.97 and a beta of 1.52. The firm’s 50 day moving average is $53.51 and its 200-day moving average is $54.82.
Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.79 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.79. Jacobs Engineering Group had a return on equity of 8.67% and a net margin of 2.29%. The firm had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the prior year, the business earned $0.78 EPS. The company’s revenue for the quarter was down 6.6% compared to the same quarter last year. On average, equities research analysts forecast that Jacobs Engineering Group will post $3.13 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 4th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Wednesday, August 2nd. Jacobs Engineering Group’s dividend payout ratio (DPR) is presently 31.75%.
Jacobs Engineering Group Company Profile
Jacobs Engineering Group Inc is a technical professional services company. The Company provides a range of technical, professional and construction services to industrial, commercial and governmental clients. The Company’s services include Project Services; Process, Scientific, and Systems Consulting Services; Construction Services, and Operations and Maintenance Services.
Receive News & Ratings for Jacobs Engineering Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jacobs Engineering Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.