Jacobs Engineering Group Inc. (NYSE:JEC) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Thursday.

Several other research firms also recently commented on JEC. Robert W. Baird reaffirmed a “neutral” rating and set a $64.00 price objective (up from $62.00) on shares of Jacobs Engineering Group in a report on Friday, May 12th. Citigroup Inc. downgraded shares of Jacobs Engineering Group from a “buy” rating to a “neutral” rating and set a $62.00 price objective on the stock. in a report on Thursday, August 3rd. Zacks Investment Research raised shares of Jacobs Engineering Group from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Credit Suisse Group reaffirmed a “buy” rating and set a $69.00 price objective on shares of Jacobs Engineering Group in a report on Friday, April 21st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $61.00 price objective on shares of Jacobs Engineering Group in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. Jacobs Engineering Group currently has a consensus rating of “Hold” and an average price target of $62.56.

Jacobs Engineering Group (NYSE:JEC) traded down 0.80% during trading on Thursday, reaching $49.85. 937,508 shares of the company were exchanged. The firm’s 50 day moving average price is $53.16 and its 200-day moving average price is $54.48. Jacobs Engineering Group has a one year low of $49.15 and a one year high of $63.42. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 26.52 and a beta of 1.52.

Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.79 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.79. The business had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.52 billion. Jacobs Engineering Group had a net margin of 2.29% and a return on equity of 8.67%. The company’s revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 earnings per share. On average, equities research analysts predict that Jacobs Engineering Group will post $3.13 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of JEC. Bingham Osborn & Scarborough LLC boosted its position in Jacobs Engineering Group by 0.3% in the second quarter. Bingham Osborn & Scarborough LLC now owns 5,617 shares of the construction company’s stock valued at $306,000 after buying an additional 17 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in Jacobs Engineering Group by 0.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,601 shares of the construction company’s stock valued at $199,000 after buying an additional 25 shares during the period. CIBC Asset Management Inc boosted its position in Jacobs Engineering Group by 0.3% in the second quarter. CIBC Asset Management Inc now owns 11,950 shares of the construction company’s stock valued at $650,000 after buying an additional 34 shares during the period. Jaffetilchin Investment Partners LLC boosted its position in Jacobs Engineering Group by 0.6% in the first quarter. Jaffetilchin Investment Partners LLC now owns 6,734 shares of the construction company’s stock valued at $372,000 after buying an additional 38 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its position in Jacobs Engineering Group by 0.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,712 shares of the construction company’s stock valued at $260,000 after buying an additional 42 shares during the period. Institutional investors own 87.94% of the company’s stock.

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.

Analyst Recommendations for Jacobs Engineering Group (NYSE:JEC)

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