Barclays started coverage on shares of Jacobs Engineering Group (NYSE:JEC) in a report issued on Tuesday. The firm set an “overweight” rating and a $75.00 price target on the construction company’s stock. Barclays’ price objective would indicate a potential upside of 9.67% from the company’s previous close.

Several other equities analysts have also issued reports on the company. MKM Partners set a $61.00 target price on Jacobs Engineering Group and gave the stock a “neutral” rating in a research report on Tuesday, November 28th. Argus restated a “buy” rating and set a $73.00 target price on shares of Jacobs Engineering Group in a research report on Monday, November 27th. They noted that the move was a valuation call. Robert W. Baird restated a “hold” rating and set a $69.00 target price on shares of Jacobs Engineering Group in a research report on Friday, November 24th. Zacks Investment Research lowered Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 23rd. Finally, ValuEngine upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $68.20.

Shares of Jacobs Engineering Group (JEC) traded up $0.01 during mid-day trading on Tuesday, reaching $68.39. The company had a trading volume of 714,400 shares, compared to its average volume of 822,816. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market capitalization of $8,241.25, a price-to-earnings ratio of 21.17, a price-to-earnings-growth ratio of 1.49 and a beta of 1.56. Jacobs Engineering Group has a 1 year low of $49.31 and a 1 year high of $68.97.

Jacobs Engineering Group (NYSE:JEC) last announced its quarterly earnings data on Tuesday, November 21st. The construction company reported $0.98 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.16. The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.58 billion. Jacobs Engineering Group had a return on equity of 9.18% and a net margin of 2.93%. The company’s revenue was up .5% on a year-over-year basis. During the same period last year, the company earned $0.77 earnings per share. analysts expect that Jacobs Engineering Group will post 3.44 EPS for the current year.

In other news, Director Joseph R. Bronson sold 6,125 shares of Jacobs Engineering Group stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $63.01, for a total transaction of $385,936.25. Following the transaction, the director now owns 30,496 shares in the company, valued at approximately $1,921,552.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.74% of the company’s stock.

Several large investors have recently added to or reduced their stakes in JEC. Russell Investments Group Ltd. lifted its holdings in shares of Jacobs Engineering Group by 30.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 180,972 shares of the construction company’s stock valued at $9,845,000 after purchasing an additional 42,467 shares in the last quarter. NGAM Advisors L.P. lifted its holdings in shares of Jacobs Engineering Group by 4.1% during the 2nd quarter. NGAM Advisors L.P. now owns 24,726 shares of the construction company’s stock valued at $1,345,000 after purchasing an additional 973 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Jacobs Engineering Group by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 11,950 shares of the construction company’s stock valued at $650,000 after purchasing an additional 34 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Jacobs Engineering Group by 47.0% during the 2nd quarter. Sei Investments Co. now owns 92,496 shares of the construction company’s stock valued at $5,030,000 after purchasing an additional 29,558 shares in the last quarter. Finally, Global X Management Co. LLC lifted its holdings in shares of Jacobs Engineering Group by 133.8% during the 2nd quarter. Global X Management Co. LLC now owns 4,750 shares of the construction company’s stock valued at $258,000 after purchasing an additional 2,718 shares in the last quarter. Institutional investors and hedge funds own 85.14% of the company’s stock.

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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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