Jacobs Engineering Group Inc. (NYSE:JEC)‘s stock had its “buy” rating reaffirmed by equities researchers at KeyCorp in a report issued on Friday. They presently have a $60.00 price target on the construction company’s stock. KeyCorp’s target price indicates a potential upside of 15.52% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. Jefferies Group LLC reissued a “hold” rating and set a $61.00 price target on shares of Jacobs Engineering Group in a research report on Friday, August 4th. Zacks Investment Research raised shares of Jacobs Engineering Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. BidaskClub raised shares of Jacobs Engineering Group from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Robert W. Baird reissued a “neutral” rating and set a $64.00 price target (up from $62.00) on shares of Jacobs Engineering Group in a research report on Friday, May 12th. Finally, Citadel Securities cut shares of Jacobs Engineering Group from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $62.00 to $66.00 in a research report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. Jacobs Engineering Group currently has an average rating of “Hold” and a consensus price target of $62.30.

Jacobs Engineering Group (NYSE:JEC) traded up 1.19% during mid-day trading on Friday, hitting $51.94. The stock had a trading volume of 590,662 shares. Jacobs Engineering Group has a 12-month low of $49.15 and a 12-month high of $63.42. The stock has a market cap of $6.25 billion, a price-to-earnings ratio of 27.63 and a beta of 1.52. The company has a 50-day moving average of $52.69 and a 200-day moving average of $54.20.

Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.79 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.79. Jacobs Engineering Group had a net margin of 2.29% and a return on equity of 8.67%. The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the business posted $0.78 earnings per share. Jacobs Engineering Group’s revenue for the quarter was down 6.6% compared to the same quarter last year. On average, analysts anticipate that Jacobs Engineering Group will post $3.13 earnings per share for the current fiscal year.

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A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Jacobs Engineering Group by 1.3% in the second quarter. Vanguard Group Inc. now owns 11,936,467 shares of the construction company’s stock valued at $649,225,000 after buying an additional 150,333 shares in the last quarter. Primecap Management Co. CA boosted its stake in shares of 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 valued at $456,546,000 after buying an additional 599,550 shares during the period. BlackRock Inc. boosted its stake in shares of 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 valued at $436,383,000 after buying an additional 7,638,632 shares during the period. State Street Corp boosted its stake in shares of Jacobs Engineering Group by 3.7% in the first quarter. State Street Corp now owns 5,361,210 shares of the construction company’s stock valued at $296,379,000 after buying an additional 192,007 shares during the period. Finally, FMR LLC boosted its stake in shares of Jacobs Engineering Group by 1.8% in the first quarter. FMR LLC now owns 4,566,833 shares of the construction company’s stock valued at $252,455,000 after buying an additional 81,943 shares during the period. 87.94% of the stock is currently owned by institutional investors and hedge funds.

About Jacobs Engineering Group

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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