Jacobs Engineering Group Inc. (NYSE:JEC) has been given a $64.00 target price by stock analysts at Citigroup Inc. in a report issued on Friday. The brokerage currently has a “hold” rating on the construction company’s stock. Citigroup Inc.’s target price indicates a potential upside of 9.01% from the company’s previous close.

Several other research analysts have also commented on the company. BidaskClub lowered Jacobs Engineering Group from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Zacks Investment Research upgraded Jacobs Engineering Group from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Jefferies Group LLC reiterated a “hold” rating and set a $61.00 price target on shares of Jacobs Engineering Group in a report on Friday, August 4th. Robert W. Baird reiterated a “hold” rating and set a $63.00 price target on shares of Jacobs Engineering Group in a report on Friday, October 6th. Finally, KeyCorp reiterated a “buy” rating and set a $60.00 price target on shares of Jacobs Engineering Group in a report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Jacobs Engineering Group presently has a consensus rating of “Hold” and an average target price of $62.56.

Jacobs Engineering Group (NYSE:JEC) traded down 0.03% during midday trading on Friday, reaching $58.71. 338,078 shares of the company were exchanged. The firm’s 50 day moving average price is $57.81 and its 200-day moving average price is $54.53. The stock has a market capitalization of $7.06 billion, a P/E ratio of 31.23 and a beta of 1.53. Jacobs Engineering Group has a 52 week low of $49.16 and a 52 week high of $63.42.

Jacobs Engineering Group (NYSE:JEC) last announced its earnings results on Tuesday, August 8th. The construction company reported $0.79 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.79. Jacobs Engineering Group had a net margin of 2.29% and a return on equity of 8.67%. The company had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the company posted $0.78 EPS. The firm’s quarterly revenue was down 6.6% on a year-over-year basis. Equities analysts forecast that Jacobs Engineering Group will post $3.13 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JEC. OppenheimerFunds Inc. grew its position in Jacobs Engineering Group by 9.9% in the 1st quarter. OppenheimerFunds Inc. now owns 24,173 shares of the construction company’s stock valued at $1,336,000 after acquiring an additional 2,176 shares in the last quarter. Global X Management Co. LLC grew its position in Jacobs Engineering Group by 204.2% in the 1st quarter. Global X Management Co. LLC now owns 2,032 shares of the construction company’s stock valued at $112,000 after acquiring an additional 1,364 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Jacobs Engineering Group by 0.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,712 shares of the construction company’s stock valued at $260,000 after acquiring an additional 42 shares in the last quarter. BlackRock Inc. grew its position in Jacobs Engineering Group by 2,990.4% in the 1st quarter. BlackRock Inc. now owns 7,894,069 shares of the construction company’s stock valued at $436,383,000 after acquiring an additional 7,638,632 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in Jacobs Engineering Group in the 1st quarter valued at about $570,000. 86.11% of the stock is owned by institutional investors.

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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