Jacobs Engineering Group Inc (JEC) Given Consensus Rating of “Hold” by Brokerages
Shares of Jacobs Engineering Group Inc (NYSE:JEC) have received an average rating of “Hold” from the twelve brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $69.10.
JEC has been the topic of several analyst reports. Robert W. Baird reiterated a “hold” rating and issued a $69.00 price objective on shares of Jacobs Engineering Group in a research note on Friday, November 24th. Barclays initiated coverage on Jacobs Engineering Group in a research note on Tuesday, December 12th. They issued an “overweight” rating and a $75.00 price objective on the stock. Zacks Investment Research lowered Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 23rd. KeyCorp upped their price objective on Jacobs Engineering Group from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, November 22nd. Finally, ValuEngine upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st.
Shares of Jacobs Engineering Group (NYSE JEC) traded down $0.25 on Tuesday, reaching $67.71. The company had a trading volume of 898,224 shares, compared to its average volume of 1,127,037. Jacobs Engineering Group has a 1 year low of $49.31 and a 1 year high of $69.35. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $8,160.00, a price-to-earnings ratio of 27.98, a price-to-earnings-growth ratio of 1.44 and a beta of 1.56.
In related news, Director Joseph R. Bronson sold 6,125 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $63.01, for a total transaction of $385,936.25. Following the sale, the director now directly owns 30,496 shares in the company, valued at approximately $1,921,552.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.74% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the business. First Quadrant L P CA lifted its holdings in Jacobs Engineering Group by 17.1% during the 3rd quarter. First Quadrant L P CA now owns 302,358 shares of the construction company’s stock worth $17,618,000 after buying an additional 44,080 shares in the last quarter. Hahn Capital Management LLC lifted its stake in shares of Jacobs Engineering Group by 1.0% in the 3rd quarter. Hahn Capital Management LLC now owns 668,319 shares of the construction company’s stock valued at $38,943,000 after purchasing an additional 6,434 shares during the period. Exane Derivatives acquired a new position in shares of Jacobs Engineering Group in the 3rd quarter valued at $789,000. Waters Parkerson & CO. LLC lifted its stake in shares of Jacobs Engineering Group by 2.5% in the 3rd quarter. Waters Parkerson & CO. LLC now owns 213,268 shares of the construction company’s stock valued at $12,427,000 after purchasing an additional 5,295 shares during the period. Finally, Carnick & Kubik Group LLC acquired a new position in shares of Jacobs Engineering Group in the 3rd quarter valued at $420,000. 84.57% of the stock is currently owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION WARNING: “Jacobs Engineering Group Inc (JEC) Given Consensus Rating of “Hold” by Brokerages” was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The original version of this piece can be accessed at https://www.americanbankingnews.com/2018/01/09/jacobs-engineering-group-inc-jec-given-consensus-rating-of-hold-by-brokerages.html.
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.
Receive News & Ratings for Jacobs Engineering Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jacobs Engineering Group and related companies with MarketBeat.com's FREE daily email newsletter.